Perspectives on growth, trends, and
the future of this vibrant industry sector
By Gene Abbey, MSRI, MBA, CPL
As the insurance industry continues to evolve, one of its most dynamic and rapidly growing sectors is program insurance. Once considered a niche within the broader market, program business has emerged as a powerhouse of innovation, specialization, and economic significance.
Nowhere is this shift more evident than within the Target Markets Program Administrators Association (TMPAA), the only American association dedicated exclusively to this unique space, and celebrating 25 years of uniting the program business world.
Unprecedented growth in a specialized market
Program insurance, defined by its focus on underwriting specific lines of business with targeted distribution, has seen exponential growth over the past decade. Today, the TMPAA stands as a central pillar of this movement, boasting a membership of 757 entities, which includes 428 program administrators, 106 insurance carriers, and 223 service providers. This robust membership reflects a community that is both expanding and diversifying.
The numbers tell the story. Projections indicate that the program space is on track to surpass $100 billion in premium volume—a milestone that will be officially revealed during the presentation of the 2025 TMPAA State of Program Business Study report at the association’s 25th Annual Summit, taking place in Scottsdale, Arizona.
Program insurance, defined by its focus
on underwriting specific lines of business
with targeted distribution, has seen exponential
growth over the past decade. Today, the TMPAA stands as a central pillar of this movement … .
This growth is also visible in TMPAA event participation. Atten-dance at the association’s gatherings climbed steadily, with a 15% year-over-year increase. The upcoming Summit is expected to attract nearly 2,000 program insurance professionals, signaling an era of unmatched engagement and opportunity.
Addressing industry trends with innovation
To foster this growth, the TMPAA Advisory Board has launched several strategic initiatives. One notable development is the increasing involvement of the E&S marketplace, as well as the integration of wholesalers and new entrants into the program sector.
The association is also playing a key role in talent development—a critical challenge for the industry. In a major step forward, TMPAA has partnered with the Spencer Educational Foundation, providing students the opportunity to attend TMPAA events and participate in a student talent open house designed to showcase career paths in program insurance.
Investing in the future
TMPAA’s commitment to the next generation is further solidified with the launch of the TMPAA Charities Permanent Endowment Fund, established to provide enduring financial support for TMPAA’s mission to attract and develop new talent in the program business sector. With an initial fundraising goal of $2 million, the association has already raised over half that amount as of July 2025.
Eleven scholarships were awarded this year to students from the following universities, thanks to fundraising, individual, and corporate contributors:
- Saint Joseph’s University
- Georgia State University
- University of South Carolina
- Southern University
- University of Southern California
- St. John’s University
- Illinois State University
- University of Central Arkansas
These efforts are complemented by educational advancements, including the Program Business Professional designation, launched in 2024 in collaboration with The Institutes, replacing the former Certified Programs Leader (CPL). With more than 30 recipients to date, the designation has been met with enthusiasm.
TMPAA and Martin & Company have committed to reimbursing all program administrators for the full cost of earning this credential, ensuring that education remains a cornerstone of industry advancement.
Leadership transition and vision ahead
Another development in 2025 is a leadership transition on the TMPAA Advisory Board, as Tom Gillingham, president of Totalis Program Under-writers, concludes his term as Board president at the end of the year. His successor, Brian Cohen, CEO at Arden Insurance Services, brings an exciting perspective to lead the association into its next era of growth.
Conclusion: A market in motion
The evolution of program insurance is no longer on the horizon. It’s happening now! The TMPAA’s expanding membership, strategic vision, and commitment to talent and education underscore a sector in full stride.
As this vibrant corner of the insurance world continues to scale new heights, the TMPAA remains both a mirror and a catalyst for its success.
The author
Gene Abbey, MSRI, MBA, CPL, is executive director of Target Markets Program Administrators Association. He has spent more than 30 years as a P-C insurance professional with expertise in multi-line commercial coverages and risk management solutions. Gene has served in leadership positions for insurance carriers, program administrators, and service providers. Most recently, he earned master’s degrees from Butler University and Cleary University.
