Page 21 - TMPAA_2023_Program Business Study SUMMARY

The TMPAA State of Program Business Study 2023

Top Responses: Threats to Program Business

ADMINISTRATORS CARRIERS SERVICE PROVIDERS

Cap
acity Concerns
Capacity Concerns
Capacity Concerns Capacity Concerns Market Uncertainty
Lack of Profitability
Consolidation
Consolidation Lack of Expertise Lack of Profitability
Lack o
egulation
Regulation
f Pr
o
ility
fitab
Carrier Relationships Lack of Profitability R Regulation
Competition R einsurance Talent Drain
Reinsurance
Competition
Competition
Reinsurance
R einsurance Consolidation Competition
Consolidation
Saturation
egulation
egulation
R R
Regulation Saturation SaturationSaturation
Technology Poor Underwriting Consolidation
P Poor Underwriting
writing
oor Under
Consolidation
P P oor Under writing Hybrid Carriers
writing
Poor Underwriting
oor Under
Top Responses: Future Prospects of Program Business
ADMINISTRATORS CARRIERS SERVICE PROVIDERS
General Positive
General Positive e General P ositiv e General P ositiv
ositiv
General Positive e
General P
Outlook
Outlook Outlook OutlookOutlook
Outlook
Resilience of the Better
Better
Better
Growth
Program Space Gr owth
Administrator
Administrator
Administrator
Relationships
Relationships
Gr
Growth Relationships Adaptability
owth
Compliance with
Technologyechnology Specialization
T
Specialization
Regulation
Fresh Talent Stability of the Market Technology
Technology
Specialization Profitability Data Reporting
Specialization
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