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| November 2019 |
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19th Annual Summit Concludes as Largest TMPAA Meeting
A record-breaking attendance of over 900 program professionals took advantage of opportunities to grow and improve their business by attending the 19th Annual Summit. The meeting featured an inspiring message from former UN Ambassador Nikki Haley, the results of the 2019 Program Business Study and Prem Watsa, Chairman and CEO of Fairfax Financial Holdings, speaking to the group about successful strategies of running a business and important industry trends. As with all TMPAA events, the Summit provided attendees unique access to decision-makers in this growing industry segment. Click here for full meeting recap including recorded presentations, photo gallery, program book and more. Key Summit Sponsors Zurich | QBE | Wilson Elser |
15 Members Awarded CPL Designations
Pictured: Chris Pesce (TMPAA President), Chike Heverly, James Brown, Kramer Hendricks (top), Marie Lindsey, Paulo Castro (top), Christopher Nelson, John Kennedy, and Greg Thompson (Target University Dean) Members recognized for achieving the Certified Program Leader (CPL) Designation completed and passed 12 required Target University courses and met program and industry experience expectations set out by the Association. The 19th Annual Summit CPL recipients are James T. Brown, George Bucur, Paulo Castro, Marie Lindsey, Melissa L. Dreyer, Michael Fieseler, Chike Heverly, Kramer Hendricks, Stephanie Keller, John Kennedy, Jacob Loftin, Christopher R. Nelson, Stephanie Panico, Matthew Peterson, and Kayla Taylor. Learn more about Target University and the CPL Designation. EverGuard Insurance Services Earns Best Practice Designation SterlingRisk Programs and AmRisc Recognized for Recertification
Pictured: Tom Gillingham and John Mahoney of EverGuard with Chris Pesce (TMPAA President) EverGuard Insurance Services attained the Best Practice Designation while SterlingRisk Programs and AmRisc, LLC were recognized for completing their Best Practice recertification. Through the Best Practice process, these agencies have demonstrated operational excellence. Learn more about the Best Practice Designation Tysers Trophy Awarded
Pictured: Richard Hodge from Tysers with award recipient, Kyle Burch and Chris Pesce, TMPAA President. Kyle Burch from WH Greene & Associates was recognized as the Tysers Trophy recipient, earning a 10-day educational experience in London next year. Kyle is the seventh person to receive this award.
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Program business revenues jump 12% to $40.5B in 2018
Amid a good economy and the growing recognition of the value of programs, program business continued to deliver noteworthy results in 2018, according to The 2019 State of Program Business Study published by the TMPAA. Program business premium rose 12.18 percent in 2018, reaching $40.5 billion from $36 billion in 2016. It continued to outpace the total property/casualty industry, which grew commercial lines premiums by only 9.97 percent in 2018. “Since launching the study in 2011, we have tracked program business’ phenomenal expansion, including premium growth, which is a key measure of success. The data we collected from this year’s survey shows that program business continued to be a growing and vibrant market in 2018. In fact, many of the administrators who participated in the poll reported growth in their business and expressed great optimism about the future of the program space,” said Ray Scotto, TMPAA executive director. Follow the links below for more information about this year’s study.
Recordings of Summit
The Changing Carrier Model: PA Access to Third Party Capital Partners The Compelling Case for Independent Actuarial Analysis The Management Discipline of Listening Cognitive Bias Is Impacting Your Decisions and Bottom-Line
Summit Casino Night Thank you to those that joined us at the 19th Annual Summit Casino Night, helping us show TMPAA Charities that we all believe caring counts. As a reminder, if you would like to make an individual/corporate donation to TMPAA Charities for your participation, please send a check made payable to: TMPAA Charities
PolicyFly Program leaders turn to PolicyFly to deliver the best digital experience for agents and underwriters, alongside the most modern tools for automating the policy lifecycle. PolicyFly goes beyond traditional rate, quote, bind and issue technology to create a digital platform that fuels programs with better data, smarter underwriting and real-time intelligence. Find out why PolicyFly is trusted by some of the biggest names across the US and UK program landscape. Contact: Michael Fiedel
We will spotlight your company on request. Please email us.
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___ Save the Date ___ 2020 Mid-Year Meeting
Registration opens January 3
New Members
Program Administrator Incubator
View additional information on Program Administrator members (sign in required).
View additional information on Service Provider members (sign in required).
Find a Program Partner The Carrier Search Portal (CSP) allows members to search for markets using specific program characteristics and quickly identify the most likely program partners. A market profile is available for every carrier member of Target Markets. This is not only a great resource to plan for the Mid-Year and Summit events, but a year-round, market-finding tool.
Promote your Program to 100,000 Agents
It’s not too late to boost your end-of-year business with electronic ads from Target Programs. Contact us about scheduling an email distribution to our large agent database and including a Target Programs ad package in your 2020 marketing budget. Explore the options today. Email Sarah Ayars or call (302) 268-1011 for more information.
Member News EPIC Unit Launches Site Pollution Program for Cannabis Sector Ascot Launches U.S. Management Liability and Financial Institutions Unit Nexus Rebrands Equinox Global as Nexus Specialty Brown & Brown Taps Former Zurich Exec for Arrowhead Position Hudson Appoints Homewood, Honken to Manage Commercial Auto Steve Assennata Joins IAT Insurance Group as Programs Chief Underwriting Officer Argo Partners with Paladin Cyber to Unveil New Comprehensive Cyber Solution for SMEs
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