Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.
Tag: program administrators
Brown & Brown’s National Programs Launches New Brand Identity
National Programs, a division of Brown & Brown, today introduced its new brand identity, reflecting a growing collaboration of entrepreneurial program administrators and MGAs. “While National Programs has been an integral part of Brown & Brown for 28 years, the refreshed brand identity underscores an emphasis on future growth,” says Tom Kussurelis, COO of National… Continue reading Brown & Brown’s National Programs Launches New Brand Identity
West Point Launches InsurTest
West Point Insurance Services, a provider of specialized technology solutions for the insurance industry, today announced the launch of InsurTest, a testing and automation service specifically designed for small to mid-size insurance carriers, managing general agents and program administrators. InsurTest features a User Acceptance Testing (UAT) program that eliminates project delays and errors without draining… Continue reading West Point Launches InsurTest
MGA Systems and NetRate Join Forces to Bring an Integrated Insurance Platform Solution to Program Administrators
MGA Systems, Inc., the leader in purpose-built software for the MGA and E&S brokerage industry, announced Wednesday it has executed a strategic merger with NetRate Systems, Inc., a leading commercial insurance rating platform for MGAs and program administrators. The combined company will go to market as MGA Systems, with NetRate’s ISO®-based rating application and MGA… Continue reading MGA Systems and NetRate Join Forces to Bring an Integrated Insurance Platform Solution to Program Administrators
3XY Insurance Solutions Helps the Industry Make Things Happen
In the wake of the COVID-19 pandemic, the paramount role that insurance and risk management plays for business success has never been more critical. The expertise and guidance in effectively navigating insurance issues, regulations, safety and loss controls along with mitigating liability has put agency owners and senior executives at retailers, MGAs, wholesalers, and program… Continue reading 3XY Insurance Solutions Helps the Industry Make Things Happen
Program Business Revenues Jump 12% to $40.5B in 2018
Amid a good economy and the growing recognition of the value of programs, program business continued to deliver noteworthy results in 2018, according to The 2019 State of Program Business Study published by the Target Markets Program Administrators Association (TMPAA). Program business premium rose 12.18 percent in 2018, reaching $40.5 billion from $36 billion in… Continue reading Program Business Revenues Jump 12% to $40.5B in 2018
U.S. P/C Insurers Benefit from Excess & Surplus Lines Rebound
A recovery of the US excess and surplus (E&S) lines insurance market is benefiting US property & casualty (P/C) insurance companies, according to a Fitch Ratings report. Typically, more volatile than standard admitted insurance markets, the E&S business vastly underperformed P/C insurers overall in 2017 with a 116 percent direct statutory combined ratio, significantly higher… Continue reading U.S. P/C Insurers Benefit from Excess & Surplus Lines Rebound
Lloyd’s of London Appoints Former QBE Boss John Neal as CEO
Lloyd’s of London said on Friday it had appointed John Neal as its chief executive officer and he would take up his position on Oct. 15. Neal, who was most recently the chief executive at Australia-based QBE Insurance Group, will take over from the commercial insurance market’s first female CEO, Inga Beale.
Introducing the New ProgramBusiness.com
As you can see, we have a whole new look for the Daily NewsFlash — and that’s just the beginning! ProgramBusiness.com, after nearly 20 years since its launch as a game changer in connecting the retail and wholesale communities, has released a new brand and digital platform. The new brand features a clean logo reflecting… Continue reading Introducing the New ProgramBusiness.com
Welcome to the New ProgramBusiness.com
As you can see, we have a whole new look for the Daily NewsFlash — and that’s just the beginning! ProgramBusiness.com, after nearly 20 years since its launch as a game changer in connecting the retail and wholesale communities, has released a new brand and digital platform. The new brand features a clean logo reflecting… Continue reading Welcome to the New ProgramBusiness.com