Target Markets Program Administrators Association's 23rd Annual Summit

Spencer Foundation's Nomvete: 42 Insurance Job Openings for Each Qualified Candidate

Tandeka Nomvete, director of external engagement, Spencer Educational Foundation, said the insurance jobs gap is due to the retirement of the baby boomer generation and not enough young talent.

Target Market Attendees See No Letdown in MGA Acquisition Activity

Summit attendees also said they expect greater transparency to avoid controversies such as the one that engulfed Vesttoo. They spoke with AM Best TV at Target Markets' 23rd Annual Summit, held in Scottsdale, Arizona.

Amwins' Armijo: MGAs Distinguish Themselves Through Underwriting Acumen, Profitability

Ryan Armijo, chief operating officer, underwriting, Amwins, said greater interest from traditional and fronting carriers is helping drive the growth of delegated underwriting authority enterprises.

Ethos' Greggains: As Market Struggles to Price Risk, More Business Moves to E&S

Nick Greggains, CEO, Ethos Specialty Insurance Services, said market trends favor continued growth for MGUs and a continued emphasis on good risk management.

Xceedance's MacMillian: AI Helps Rebalance Underwriters' Information Workload

Travis MacMillian, president of Americas, Xceedance, said artificial intelligence and natural language processing are significantly enhancing the underwriting process.

Munich Re's Johnson: Casualty Issues a Growing Concern

Kevin Johnson, president, insurance programs, Munich Re, said insurers are increasingly concerned about legal-system abuse and loss-cost trends. Johnson spoke with AM Best TV at Target Markets' 23rd Annual Summit, held in Scottsdale, Arizona.

Clear Blue's Breslin: Lines Are Blurring Between Fronting, Traditional Program Carriers

Jerome Breslin, founder and CEO, Clear Blue Financial Holdings, said regardless of their structure, all insurance carriers must address execution risk, contract risk and compliance.

Xceedance's Balakrishnan: Competitive Program Managers, MGAs Are Lean and Efficient

Arun Balakrishnan, CEO, Xceedance, said the market is teaching managing general agents to focus on their core capabilities and to work with providers to handle the rest.

Amwins' Francavilla: Program Growth Strong, but Beware of 'Buyer Fatigue'

Ben Francavilla, president, Amwins Program Underwriters, said that clients may respond to successive rate hikes by raising deductibles and assuming more risk.

Mission's Haga: Interest Growing in Smaller Classes Such as Allied Health, Construction

Caroline Haga, program capacity lead, Mission Underwriters, said sound underwriting is critical in the program space because underwriters earn their reputations.

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