The Target Markets Program Administrators Association is dedicated to meeting the unique challenges of Program Administration. We define Program Business as insurance products targeted to a particular niche market or class, generally representing a book of similar risks placed with one carrier. Administration is done through Program Specialists who have developed an expertise in that market or class.
Administrative responsibilities are negotiated between the Specialist and Carrier and may include marketing, underwriting selection, binding, issuing, billing, premium collections, data gathering, claims management/loss control and possibly risk sharing. Program Specialists typically target their niches through differentiation either in product, risk management services, delivery mechanism or price. Specialists can distribute these programs on a retail or wholesale basis.
TMPAA membership requires the administration of one program with binding authority and minimum annual gross premium revenue of $1MM.
The Association also looks to partner with Program Carriers interested in working with our Administrators to explore program business opportunities and Vendor Companies who offer products and services that address the needs of a program business operation.
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