Third-Party Administrators & Insurance Claims Adjusters in the US
The Third-Party Administrators and Insurance Claims Adjusters industry plays a critical role in the insurance and retirement markets by enabling businesses to outsource claims processing, administrative services and risk management. Insurance carriers and pension funds, health and welfare funds, workers compensation funds and self-insurance funds have increasingly outsourced these services to cut operating costs and improve profitability. In the five years to 2016, industry revenue is expected to grow. Revenue has robustly grown since 2011, as falling unemployment and rising disposable income bolstered demand for insurance and retirement plans. Industry revenue is projected to continue growing in the five years to 2021.
Operators in this industry investigate, appraise and settle insurance claims; provide third-party administration services of insurance and pension funds; and offer insurance advisory and ratemaking services. This industry does not include companies that primarily provide portfolio management services, sell insurance policies or offer actuarial consulting services.
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.