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Programs Business Outlook For Sustainable Growth

The insurance industry’s programs business continues to deliver value through product innovation.  Today, insurance programs is a $40-$50 billion premium market, driven by pecuniary motivation.  Insurance carriers are partnering with program administrators (PAs) and managing general agents (MGAs) to provide capacity for capturing new business in non-commodity classes of business.  The outlook for sustainable growth through 2017 is positive, as carriers seek profitability in specialty line sectors of the marketplace.