Program Business Gets Leaner
The once thriving insurance program business is leaner and has hopefully purged its "meaner" side, noted a cross-section of insurers, managing general agents and reinsurance intermediaries in the program niche.
Although program business failures and disappointments share many of the woes that have plagued the entire property-casualty insurance market–the prior soft-pricing environment, investment income dry-up, higher-than-expected losses, and reinsurance quality and availability problems–the wounds in the program sector run deeper.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
