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A.M. BestTV Series Highlights Program Administration Industry: Taking It Slow on Tech But Moving Fast to Stay Ahead


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Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com


FOR IMMEDIATE RELEASE

OLDWICK - JANUARY 15, 2018 08:20 AM (EST)
This series of A.M.BestTV episodes highlights the most-recent survey research project by the Target Markets Program Administrators Association on the size and dynamics of the program business market. A highlight of the survey results is that premium growth in the program business market is outstripping that of the overall U.S. property/casualty commercial lines market. According to the study, Program business premium revenue increased by nearly 12% over a two-year period, reaching $36.1 billion in 2016, up from $32.3 billion in 2014.

A.M. Best Senior Associate Editor John Weber sat down with a panel of executives to discuss the program market landscape.

The following related episodes are available for viewing:


  • Ultimate Goal on InsureTech: Putting the Customer First: Even though survey results show program administrators need to catch up with carriers in capitalizing on insurance-focused tech companies, the panel of insurance program executives extoll the value in InsureTech partnerships to improve the customer experience: http://www.ambest.com/v.asp?v=tmpaapanel1118 .

  • In Search of a Better Handle on Cyber Coverage: Insurance professionals in the carrier and distribution side of the insurance program sector say buyers in the middle and smaller markets are less willing to add additional coverages without a better understanding of the risks and coverage needs: http://www.ambest.com/v.asp?v=tmpaapanel2118 .

  • With Specialization Comes Advantages … and Limitations: The ability to click with program insurance clients to build loyal, profitable relationships is long-standing, but administrators say they struggle to expand beyond the initial products. http://www.ambest.com/v.asp?v=tmpaapanel3118 .

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source.