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The Art of the Possible: Program Business Growth Opportunities from Market and Demographic Shifts

The Art of the Possible: Program Business Growth Opportunities from Market and Demographic Shifts

June 25, 2020

A new area of competition has emerged with Insurers, Brokers, Reinsurers and MGAs as program business reaches new, underserved or unserved markets with new, specialized and innovative products and services. The result … program business is HOT! Since TMPAA inaugurated their market study, program premiums rose 131% from $17.5 billion in 2010 to $40.5 billion in 2018 as noted in the October 2019 TMPAA Program Business report. The report further notes that a majority of program administrators and carriers who participated in the 2019 survey see insurance technology as enabling the business and are applying it in various business processes such as underwriting, data collection, and policy delivery. To capture this opportunity, many are looking at new platform solutions to create the “art of the possible”.

Hear from this panel on what is accelerating the growth opportunities in program business and how Aon, a leading broker, is leveraging technology to create the art of the possible.

Speakers:
Ray Scotto - Executive Director, Target Markets Program Administrators Association
Michael Roe - Director of IT Strategy, Aon Affinity
Denise Garth - SVP, Strategic Marketing, Majesco