Page 20 - TMPAA_2023_Program Business Study SUMMARY
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The TMPAA State of Program Business Study 2023







                               Top Responses: Weaknesses of Program Business








                       ADMINISTRATORS                    CARRIERS             SERVICE PROVIDERS


                                                       Administrator
                                                                                 P Poor Underwriting
                                                                                            writing
                                                                                  oor Under
                             Carrier
                             Carrier                   Administrator             Poor Underwriting
                          Relationships
                                                        Relationships
                          R elationships                Relationships
                                                                                   Relationships
                                                                                   Relationships
                                                        Competition
                           Competition
                           Competition                  Competition
                                                                                    Profitability
                         Capacity Concerns             Data Analytics
                            acity Concerns
                         Cap
                                                     Cap
                                                     Capacity Concerns
                                                         acity Concerns
                           Reinsurance
                           R einsurance
                           Technology                     Startups
                                                        Reinsurance
                         Data Concerns                  Reinsurance
                        Access to Capital            P P oor Under writing
                                                                writing
                                                      oor Under
                                                     Poor Underwriting
                              Top Responses: Opportunities in Program Business




                       ADMINISTRATORS                    CARRIERS             SERVICE PROVIDERS

                                      y
                                                         Technology
                           T
                            echnolog
                                                                                         owth
                           Technology                    T echnolog y                  Gr owth
                                                                                       Growth
                                                                                       Gr
                                                           Gr
                          Specialization
                                                                                   Specialization
                                                             owth
                          Specialization                   Gr owth                 Specialization
                                                           Growth
                         Emerging Risks                Data Analy tics              Technology
                                                       Data Analytics
                                                                                     echnolog
                                                                                    T
                                                                                               y
                          Data Analy tics
                          Data Analytics
                                                   Improved Distribution
                       Artificial Intelligence
                                                       Administrator
                          Consolidation
                          Consolidation                 Relationship
                                                        Consolidation
                            ork
                            ork
                          Worker Talent                 Consolidation
                          W W
                                   alent
                                   alent
                               er T
                               er T
            19     www.targetmkts.com  |  2023
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