Items filtered by date: October 2013

 November 2013

Program Business Market Grows 10 Percent to
$27 Billion

 

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.

The "TMPAA State of Program Business Study” was presented at the 13th Annual Summit. The study pegged the program administration market in 2012 at $27.4 billion in premiums up from $24.7 billion in 2011.

Premium revenues increased 10.8 percent in 2012, more than three times the rate of premium growth in the overall commercial insurance markets. Premiums in the commercial lines market increased only 3.3 percent, according to figures from AM Best. Roughly one-in-ten commercial insurance dollars are distributed through the Program Business distribution channel.

Among the reports other findings:

  • Carriers and program administrators report an estimated 2,075 individual programs – an increase of 3.5 percent from the 2,000 individual programs estimated for 2011.
  • The number of confirmed organizations in the United States that meet the definition of program administrator remains relatively unchanged. From the estimated 950 program administrators estimated in the 2012 survey, TMPAA recorded a slight increase to 1,000 for this year’s survey.
  • Program administration is a growing and vibrant market. Many administrators reported growth in their book in a challenging market place. They are also optimistic that this growth will continue in the future.
  • Program Administrators reported an 84 percent renewal rate in 2012, unchanged from 2011.

Click Here to access the full 2013 State of Program Business Study.

Special thanks to our Study sponsors:

 

 


 

Target Markets Awards 28 CPL Designations

Recipients of the CPL Designation completed and passed required Target University courses and met program and industry experience expectations set out by the Association. “The mission of Target University and the CPL Designation is to promote best practices in program administration, and recognize the specialized skill sets of program administrators,” stated David Springer, TMPAA President. “We are very happy that the Designation has been embraced by our members. The large number of CPLs awarded at our Summit speaks to its value.”

Click Here to meet our newest CPL Designees.

 

   

 

 


News from our Members

Affordable Home Services, Inc., Announces new Insurance Program for Manufactured Housing Communities

First Light Program Managers, Inc. Acquires the Assets of Frontline Underwriters, Inc.

Keeping Up With New Restaurant Trends

Click here to read more stories.

Submit your news today!

Click here to send us your agency's/ company's news release and we can post it for your Association peers to see.

 

 


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13th Annual Summit:
In Review

The recently concluded 13th Annual TMPAA Summit provided over 750 program business professionals with the opportunity to explore new business, network with industry experts and participate in educational seminars.

Keynote speaker, Carly Fiorina delivered a great presentation on leadership and business while Industry speaker, Mike Foley shared his insights on the increasing risks we face today.

Click here for the full meeting recap including workshop presentations, photos and more.

Last chance to complete your 2-minute Summit Evaluation

 

Thank you to our
Key Meeting Sponsors


Zurich
Wilson Elser
York Programs
QBE
Tysers
Munich Re
The Hartford
Hudson Insurance
Scottsdale Insurance
Western Heritage
Lexington Insurance
Meadowbrook
Ironshore
Oak Street Funding
TRISTAR Risk Management
ReSource Pro
Berkley Program Specialists
Breckenridge Insurance Group



New Empire Group Awarded TMPAA Best Practice Honors

The Association awarded New Empire Group the Best Practice Designation at the 13th Annual Summit.

“New Empire Group is honored to be recognized and awarded the TMPAA Best Practices Designation,” indicated Deborah K. Mackoul, New Empire Group President & COO.  “I highly recommend that my fellow Program Administrators accept the challenge and apply for the designation.  It’s a very enlightening experience that will benefit your agency, your insured’s and your credibility with the carriers with whom you partner.  We’re proud to be a premier Program Administrator committed to excellence.”

ARA Insurance, Glatfelter Insurance Group, Synergy Professional Associates, ORYX Insurance Brokerage and Venture Insurance Programs were also recognized for having recertified their Best Practice status.  

Click Here for more information.


 

 

 

 


Want MORE for your $$$?

Try e-ads through Target Programs in 2014


Custom electronic ads through Target Programs are a great way to get your program information out to our database of over 80,000 independent P&C retail agents.

Let us help you do more business!

Act now to save on ad packages in the New Year.

Contact Sarah for more information!
(302) 268-1011

 

 


 

2014 Mid Year Meeting
May 12-14  •  Baltimore, MD

Meeting information and registration will be available on the TMPAA website in December.

 


 

TMPAA Cyber Liability Coverage

The TMPAA has brought together two trusted members of the Association to offer cyber liability coverage tailored for your agency.

Edgewater Holdings recently celebrated its 20th anniversary pioneering many management liability products. They have developed an expertise in Cyber Risk and created a coverage that is far superior to many cyber products currently being rushed to market.

The Law Firm of Wilson Elser has been a member of the TMPAA since 2002 and has an extensive Data Security and Cyber Liability Practice. Wilson Elser will be providing the risk management services available exclusively to TMPAA policy holders.

Cyber coverages offered in this program include:

  • System Damage and Business Interruption
  • Cyber and Privacy Liability
  • Privacy Breach Notification
  • Media Liability
  • Regulatory and Privacy
Click Here to learn more about this important protection for your operation.

 

 



New Members

 

Program Administrators

Edward E. Hall and Company
Dan Marzouk
dmarzouk@edwardehall.com
(631) 547-6003
www.eehall.com

Southwest Truck Insurance Agency
Joe Phillips
joe@swtia.com
(972) 594-0887
www.swtia.com

Wellington Risk Insurance Agency
Paul Poston
pposton@wellingtoninsgroup.com
(817) 862-4001
www.wellingtoninsgroup.com

Vendors

Medcor
James Stevens
James.stevens@medcor.com
(815) 321-2757
www.medcor.com

Oceanwide, Inc.
Ryan Smith
ryans@oceanwide.com
(931) 292-2407
www.oceanwide.com





Refresh your Brand!

TMPAA’s Target Programs Marketing Services (TPMS) now offers a new service that can help refresh and rejuvenate your company’s brand messaging at a very affordable, one-time cost!

Click Here to view some recent logo/branding upgrades provided by TPMS to members of the TMPAA.

Contact Us to see what TPMS can do for your brand image.