US program growth outpaces wider market

The US program sector has more than doubled in size since 2010 to
reach premium volume of $36bn in 2016, according to trade body the
Target Markets Program Administrators Association (TMPAA).
The organisation's latest report said that premium revenue
in the segment also climbed by 11.7 percent during the two years to
2016.
Meanwhile, growth of 5.3 percent last year was well ahead of the
1.3 percent uptick in direct written premiums for the broader US
commercial insurance industry, said...