A defining moment for Program Business

At Target Markets (TMPAA) 2025, VIPR joined over 2,000 industry leaders to explore how program business growth, data automation, and disciplined underwriting are shaping the future of delegated authority and MGA markets.

This year’s Target Markets Annual Summit (TMPAA) in Scottsdale drew a record-breaking crowd of over 2,000 MGAs, MGUs, Carriers, TPAs, and vendors, the strongest signal yet that the Program Business sector continues to surge.

From dawn till dusk, conversations centered on one shared theme: growth, capital, and the critical role of technology in managing delegated authority programs at scale.

Capital continues to pour into the (re)insurance market, fueling new MGA and MGU start-ups across specialty lines. It’s a wave of entrepreneurial underwriters reshaping the market, many building innovative, niche programs that are catching the attention of capacity providers.

But amid the optimism, leaders also cautioned about over-saturation. Growth is high, but success will hinge on discipline, particularly around risk selection, governance, and data transparency for fronting carriers.

Technology as the Enabler of Sustainable Growth: VIPR’s presence at TMPAA reflected this shift. Through live demos and strategic meetings with Tier 1 carriers and U.S. partners, VIPR showcased how modern bordereaux automation and program data solutions are redefining operational efficiency, compliance, and speed-to-market. As VIPR CEO Paul Templar shared:

“The momentum in the U.S. programs market is extraordinary, but long-term success will come from disciplined growth, built on data foundations that drive confidence, transparency, and trust.”

Technology now sits at the center of Program Business transformation, enabling faster launches, real-time reporting, and smarter underwriting decisions.

VIPR's Chief Marketing Officer, Caroline Hanan was delighted to participate in the Women’s Leadership Group, which continues to amplify female executive leadership in insurance and promote collaboration across carriers, MGAs, and Insurtech innovators.

Growth with caution - the market outlook: Market conditions remain favorable. Property risk remains profitable, and program opportunities continue to expand. MGAs are developing exclusive broker products to drive partnerships, but as competition grows, data discipline and program automation will separate the leaders from the rest.

Programs are now being launched at record speed, and with the rise of smart insurance technologies, Target Markets (TMPAA) has become the essential destination for every stakeholder in the delegated authority ecosystem, offering unparalleled access to the industry’s top talent, investors, and technology partners.

Brian Cohen of Arden Insurance Services was also newly appointed as President of the TMPAA Advisory Board. His appointment reflects the continued evolution of the association as it steers the industry toward innovation and responsible sustainable growth.