New Program Business Professional Designation Launched by TMPAA and The Institutes: Empowering Insurance Professionals for Success in Program Business

The Institutes and Target Markets Collaborate on New Business Professional Designation Program

New Program Business Professional Designation Launched by TMPAA and The Institutes: Empowering Insurance Professionals for Success in Program Business

The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group have collaborated to introduce a new credential for program insurance professionals known as the Program Business Professional (PBP) designation. This designation is set to launch officially in May during the TMPAA Mid-Year Meeting on May 14 and will replace the TMPAA’s current Certified Programs Leader (CPL) designation.

The PBP program will comprise of four courses and exams, along with an ethics requirement. Participants in the PBP courses will also be eligible to receive Continuing Education (CE) credits. Gene Abbey, Director of Insurance Education and Services at TMPAA, emphasized that the introduction of the PBP designation reflects their commitment to offering a top-notch educational platform tailored to the dynamic program business landscape.

Greg Thompson, a long-time TMPAA Advisory Board Member and program consultant, highlighted that the creation of the current Certified Programs Leader (CPL) educational product by Target University dates back 12 years. Thompson acknowledged the benefits that the CPL designation and courses have provided to the 200 individuals who participated in them. However, he expressed confidence that The Institutes’ collaboration will offer even more value.

Adam Carmichael, CPCU, President of The Institutes Knowledge Group, reinforced their dedication to providing the knowledge and skills necessary for success in program business through the joint development and launch of the Program Business Professional designation with TMPAA. The unveiling of the PBP designation is a significant step towards enhancing the standards of excellence within the program business sector.

The collaboration between TMPAA and The Institutes began in 2023, with the PBP designation program integrating program business-specific content and educational courses from The Institutes’ CPCU designation program. This unique blend of courses enables professionals looking to advance their careers in program business to earn credit towards additional Institutes Designations.

The Institutes’ CPCU designation program provides comprehensive education on various aspects of property/casualty insurance underwriting and risk management. It covers topics such as risk assessment, loss control, claims handling, regulatory compliance, customer service management, ethical considerations in insurance practice among others.

TMPAA has been providing training programs for insurance professionals since its establishment in 1996. Its Certified Programs Leader (CPL) credential was introduced over a decade ago as part of its efforts to enhance professionalism among insurance administrators involved in managing large programs for clients.

With this new collaboration between TMPAA and The Institutes Knowledge Group, professionals can now pursue an additional certification that aligns with their career aspirations while gaining valuable knowledge about risk management techniques used in property/casualty insurance underwriting.

In conclusion, this partnership represents a significant milestone for both organizations as they work together towards improving standards within

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