OLDWICK, N.J.--(BUSINESS WIRE)--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.
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