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. Over the five years to 2019, 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. Moreover, increases in the number of retirees in the economy will support demand for risk management services from retirement funds over the next five years. In addition, continued regulation surrounding the terms of issuance and the investment risks of insurers will pressure insurers' profitability. To save costs, insurers will continue to outsource to industry operators.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook