Benefit Administration Services
The Benefit Administration Services industry is projected to grow, bolstered by growth in the number of employees and corporate profit. Expansion in private health insurance coverage and the aging of the population will further drive growth in demand for health and retirement benefit administration services. However, industry operators will also compete with insurance carriers and self-insuring companies that manage benefits internally, without the assistance of a third-party administrator, which could hurt demand in the next five years.
This industry is comprised of companies that provide third-party administration and management services of employee benefit plans, including health and welfare, pension and workers’ compensation plans.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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