Program Business: A New Paradigm
Program business has always been the odd man out of the insurance business: an ill-defined segment that markets outside of the United States have been slow to embrace, with a volatile history that drove many program insurers and general agents out of business.
Only recently has program business re-emerged with some companies making great strides by addressing the core issues that plagued the industry. The results of this transformation have not only shown that program business can still thrive, but also that the efficiency advantages program business provides point to a coming paradigm shift that will be felt across all insurance sectors.
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