NU Online News Service, May 4, 11:00 a.m. EDT--The specialty program market appears primed for expansion as carriers more aggressively seek new business, according to results of a survey by Guy Carpenter & Company Inc.
In its inaugural survey of domestic insurers that write a significant amount of program business through program administrators, Guy Carpenter found that the market appears ready for expansion, provided that current rates can be maintained and that program information is sufficient and reliable.
The survey, said Carl Bach, vice president of Guy Carpenter's Program Manager Solutions Specialty Practice, can be used to provide "valuable insight" into the expectations and requirements specialty program carriers have for their program administrators.
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