2021 State of Program Business Study Results Revealed

The 2021 TMPAA State of Program Business Study is the eighth in a series of surveys that started in 2011. The 2021 report presents 2020 business results. Since the TMPAA did not conduct the survey in 2020 for 2019 results, most of the comparative analysis in this survey report focuses on changes between 2018 and 2020.

The TMPAA released the results of its State of Program Business Study at the association’s 21st Annual Summit in Scottsdale (October 18-20). The survey documents the size of program business and tracks various trends that shape the market. Since it was launched in 2011, the survey has documented the rapid growth of the program business insurance market. From $17.5 billion in commercial insurance revenue in 2010, program business has grown to $53.8 billion in 2020. It continued to outpace the total property/casualty industry, which grew commercial lines premiums by only 9.33 percent over the same period of time. The study reflects the views of 144 program administrators representing 1,041 programs and 51 insurers representing 1,322 programs.

The question topics for the 2021 survey were designed by a committee of TMPAA Program Administrators and Carriers, the TMPAA Advisory Board and Advisen Ltd.

The research was conducted by the TMPAA in tandem with Advisen Ltd. (a Zywave Company), a global provider of information and analytical tools for risk managers and the commercial insurance industry. The production and publication of the benchmarking report was sponsored by Allianz, Allied World, Amwins Underwriting, Doxa Insurance Holdings, K2 Insurance Services, MGA Systems, and QBE.

A copy of the study’s executive summary of the study is available here. For additional information about this study, contact the TMPAA at (302) 268-1001. Program administrators interested in learning more about the TMPAA can contact Ray Scotto, TMPAA Executive Director at This email address is being protected from spambots. You need JavaScript enabled to view it..


2021 Study Sponsors

2021 PBS sponsor graphic REV2 01