Third-Party Administrators & Insurance Claims Adjusters in the US
Over the five years to 2018, Third-Party Administrators and Insurance Claims Adjusters industry revenue is expected to grow. Due to the prolonged effects of the financial crisis, insurance and pension funds have increased their demand for third-party administration and risk assessment to avoid future calamity, boosting industry revenue. In 2018 alone, industry revenue is forecast to increase, due to a boost in equity markets and per capita disposable income. Moreover, increases in the number of retirees in the economy will support demand for risk management services from retirement funds. A renewed focus on risk management by insurers and by employee-benefit fund administrators will boost demand for industry risk advisory and actuarial consulting services. As a result, industry revenue is expected to grow over the five years to 2023.
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.