Page 14 - TMPAA_2023_Program Business Study SUMMARY

The TMPAA State of Program Business Study 2023

Administrators show

mixed enthusiasm

for use of

nontraditional carriers.

75% 71%

of administrators surveyed still of the administrators polled
prefer traditional carriers over did not move any programs
nontraditional options like from a traditional carrier
hybrid fronting and fronting. to other options.

Views are split when it comes to 58%
plans to utilize nontraditional 45%
carriers in the next two years. 39%

Uncertain (26%) No (39%)

Yes (35%) 2018 2020 2022
The percentage of administrators using
a Lloyd’s syndicate for program business

The percentage of carriers
The percentage of administrators offering risk-sharing
agreements where the
reporting risk sharing in both
underwriting gain and loss program administrators (PA)
shares a direct percentage of
declined from 47% to 43%.
profit and loss of the program
dropped marginally from
95% to 92%.

13 www.targetmkts.com | 2023