Why the Program Business Thrives in Challenging Conditions
White Paper Summary
According to a 2019 study by the Target Markets Program Administrators Association (TMPAA), the U.S. program business saw a 12% increase in premiums between 2016 and 2018, reaching $40.5 billion.
What’s more, 84% of Program Administrators (PAs) plan to introduce new programs over the next few years. Of course, this statistic was reported before COVID-19 swept through the globe and upended all predictions for 2020 and beyond.
PAs and their carrier partners, however, see only opportunity ahead, and for good reason.
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