Six Association members were recognized for completing Target University and earning the Certified Programs Leader (CPL) Designation during the 14th Annual Summit.
The Target Markets Program Administrators Association (TMPAA) fourth annual survey research project on the size and dynamics of the program business market is in the final weeks of survey collection.
Last year the survey identified the program business distribution strategy as the fastest growing segment of the commercial insurance market. The survey estimated that program administrators generated nearly $27.4 billion of annual premium revenue in 2012, up from $24.7 billion in 2011. Results of the current study will be presented at the annual TMPAA Summit meeting in Scottsdale, AZ (Oct. 20-22), which is expected to draw over 800 Program Business Professionals.
The study is seeking information from program administrators, managing general agents, wholesale and retail brokers and insurance carriers. In addition to the industry benchmark data collected consistently since the research begin, the 2014 study focuses on gathering data on the compensation and recruitment of underwriting professionals. It also seeks new data on marketing expenditures and the use of social media by program administrators.
The study is conducted by the research firm Advisen and leverages Advisen data on policies, premiums, coverage and losses.
PROGRAM ADMINISTRATORS: Click here to take the survey.
CARRIERS: Click here to take the survey.
Click on the company name below to learn more about the 2014 research sponsors.
Allied World Assurance Company • Berkley Custom Insurance Managers • Chubb Group of Insurance Companies • Fireman’s Fund Insurance • Ironshore • QBE
The financial performance of commercial P&C insurance program administrators continues to outpace the performance of the overall property casualty markets.
An essential component of future success is your human capital – your most valuable asset. The TMPAA would like to challenge its member agencies/companies to secure and retain talent by considering military veterans.
TMPAA carrier member XL Group, in an effort to promote excellence in program business, will support Program Administrator members who register for all Target University courses with an educational subsidy.
In an effort to demonstrate the loss prevention strategies available to all TM Cyber Policy Holders, check out this short video to help protect your business and personal information from a cyber breach.
The TMPAA released the results of its annual research to document the size, characteristics, growth and other base-line information about the program insurance market.