Program administrators play a key role in providing coverage for hard-to-place risks. But what does a program administrator do exactly? Read on and find out
Program administrators hold a collaborative relationship with insurance carriers. While program businesses offer specialist expertise that enables insurers to cover hard-to-place risks, insurance companies provide the financial stability and resources needed to keep coverage rolling.
But what does a program administrator do exactly?
Insurance Business answers this question and more in this article. We will shed light on what these essential industry players bring to the table by going over their duties and responsibilities. We will also discuss the pros and cons of working with them.
If you want to gain a deeper understanding of how program administrators fit into the insurance scheme of things, this guide can prove handy. Read on and learn more about the vital role these industry professionals play.
What does a program administrator do?
Program administrators, also called PAs, provide specialist expertise for niche markets on behalf of insurance carriers. It’s impossible for