August 4th, 2015

Guy Carpenter’s 9th Specialty Insurance Program Issuing Carrier Survey

Posted at 1:00 AM ET

Guy Carpenter continues to provide the industry with our survey analysis of the current program marketplace from the program issuing carriers’ perspective.

About This Year’s Respondents

This year’s respondents were an even mix of traditional insurance companies that have specialty program operations (50 percent) and true, specialty insurance carriers (50 percent). As carriers continue to search for new areas of premium growth and market share, the traditional insurance companies see programs as one way of achieving these goals.



Those responding this year are widely licensed in more than 40 states with both admitted (88 percent) and non-admitted (86 percent) paper. While 2012’s results represented the highest percentages over the course of the survey’s history, there was a slight decline in percentages in the latest survey.



The size of programs targeted by the respondents this year shows a continuing trend towards smaller programs, with a majority of the carriers (63 percent) targeting programs with premium volumes between USD5 million and USD15 million.

All respondents attend one or more annual industry conferences that involve the program space. The American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) continue to be seen as valuable conferences for the carriers. However, respondents continue to rank the Target Markets Program Administrators Association (TMPAA) conference as the number one conference in terms of value provided.


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