Page 29 - 2023 TMPAA Mid-Year Program Book

PROGRAM BUSI N ES S S TUD Y

The TMPAA and the research team at Zywave need your participation in the 2023 State of
Program Business Study. Since 2011, this study has been a nationally recognized source
of information about the program business segment of the insurance industry. It is designed
to provide data about the size and dynamics of the marketplace and explores topics that can
deliver valuable insights to assist with your future program business planning.
The survey data you submit goes directly to Zywave to ensure the confidentiality and anonymity
of responses. Here are some areas covered in the 2023 survey:

• Gross written premiums for • Average premium per • Percentage of your Gross • Percentage of your insureds
programs administered account Revenue that is contingent purchase cyber insurance
• Percentage of policy count • Use a Lloyd’s syndicate Income • Is insurance technology
renewed for any of your program • Approximate split of your causing you to consider a
• Rates changes in your book business firm’s 2022 overall expenses change in distribution?
of business over the past • Plan to change program • Do you “risk share” in your • Has your workforce
two years carriers within 12 months programs? remained remote?
• Average commission by line • Any change to program • Percent of admitted vs. • What other, if any, emerging
of business carrier in the past three non-admitted programs risks do you believe are
• Program Administration years • Use of Fronting vs Traditional suitable for program
revenues • Reason for program carrier carriers business and why?
• Average contingent/profit changes in the past three • Hard insurance market • What in your view are
sharing payment years impacts on your book of strengths/weaknesses/
• Number of new programs • Program administration profit business threats for program business
introduced in the previous margin including/excluding • Have any of your programs today?
24 months contingent income experienced a reduction in
• Number of new programs capacity?
you are planning to The results will be presented at the 23rd Annual Summit.
introduce in the next 24
months Companion surveys for Carriers and Service Providers will also be
sought. All survey participants are entitled to the full study results.
Contact Ray Scotto, ray.scotto@targetmkts.com, for more
information. Scan the QR code to preview the full survey!

2023
Study
Sponsors

23 Annual Summit | October 16-18, 2023
rd
Westin Kierland Resort | Scottsdale, AZ
SAVE the DATE!

Registration opens in June.

TMPAA 2023 Mid-Year Meeting 27