Mutual Underwriters assists mutual insurers, small insurance carriers, risk retention groups (RRGs), captives, and self-insurance groups with product fulfillment and development as well as with program development and management. Whether you are looking to market a line of business across multiple niches or create a program for a targeted class that falls within your underwriting appetite, we are ready to serve as your partner in realizing your goals.
We can assist in you in leveraging your distribution network to build your existing book of business with complementary and ancillary insurance lines that serve to round out accounts, further solidify your agency relationships and strengthen your distribution force as they look to you to secure additional solutions, expand your distribution and geographic footprint with additional agency partners as you add new coverage lines, and experience greater profitability with an expanded portfolio of insurance products. Our product knowledge, underwriting support, and technology platform are available to develop and distribute any line of business, including:
- Personal Lines: Auto, Homeowners, Umbrella insurance
- Commercial Lines: Property and Liability insurance for a broad spectrum of industries
- Insure higher TIVs than your current capacity or reinsurance treaties allow
- Workers Compensation
The program business sector of the insurance industry continues to see significant growth. According to the most recent numbers from a study conducted by Target Markets Program Administrators Association (TMPAA), program business premium revenue increased by 11.7%, reaching $36.1 billion in 2016, up from $32.3 billion in 2014. Since its initial study in 2010, program business insurance revenues have more than doubled. Mutual Underwriters is well positioned to help you tap into this market with assistance in program development and management. We can serve as your business incubator to develop programs for specific niche markets, such as restaurants, habitational, coastal properties, small contractors, etc. We’ll assist you in developing the underwriting guidelines and providing the agency platform for the rating, submission, administration, and marketing process. In addition, we can help you connect with opportunities for additional capital and provide reinsurance ceding and assumption opportunities with our partners for a specific program.
We can also provide you with access to our distribution system through our mutual partners to help expand your footprint.