Page 18 - TMPAA_2023_Program Business Study SUMMARY

The TMPAA State of Program Business Study 2023

Administrators and

carriers are fairly in
sync in what they see

as strengths, weaknesses,

opportunities and threats

in program business.

STRENGTHS WEAKNESSES

- Administrator-carrier
- Specialization
relationships
- Underwriting - Competition
expertise - Capacity concerns
- Distribution - Reinsurance
- Technology S W - Poor underwriting
- Responsiveness

THREATS T O OPPORTUNITIES

- Capacity concerns - Technology
- Consolidation - Data analytics
- Reinsurance - Emerging risks
- Competition - Specialization
- Regulation - Growth
- Poor underwriting - Consolidation

Administrators, carriers,
and service providers
have a general positive

outlook for the program
space.

17 www.targetmkts.com | 2023