The vast majority of domestic specialty carriers put the size of the program business market at $20 billion or over in a recent survey, and a third of the respondents believes the market is over $40 billion.
Reinsurance intermediary Guy Carpenter published its sixth annual survey of domestic insurance carriers writing specialty program business through managing general agents and other program administrators late last week, and 90 percent of respondents pegged the current MGA/PA market size at $20 billion in gross premiums or higher.
According to a summary of key report findings posted on Guy Carpenter's blog (www.gccapitalideas.com), the 90 percent figure contrasts with only 76 percent putting the market size at more than $20 billion last year.
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