The Target Markets Program Administrators Association (TMPAA) will begin research to document the size, characteristics, growth and other base-line information about the program business market. The “State of Program Business Study” will be conducted by the research firm Advisen, and released at the association’s 11th Annual Summit in October.
Argo Group International Holdings Ltd. is sponsoring the research effort. Argo Group, a carrier member of TMPAA, is an international underwriter of specialty insurance and reinsurance products.
The TMPAA mission is to help insurance program administrators conduct their business more efficiently, with greater proficiency and profitability.
The research project will look at both program administrators and program insurance carriers. The objective is to document the size, dynamics and trends in the program business market. The analysis will begin with a survey of program administrators, carriers and managing general agents. Additional data and information will be drawn from the Advisen databases of retail brokers, managing general agents, underwriters and wholesale brokers. The research will also use Advisen data on policies, premiums, coverage and losses.