Third-Party Administrators & Insurance Claims Adjusters in the US - Industry Market Research Report
Description
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 have increasingly relied on these services to cut operating costs and improve efficiency. Success in the industry is contingent on various factors including professional experience, positive track record, cost effectiveness and compliance. Since third-party administrators operate as an ancillary service to insurance providers, industry trends fall in line with the broader finance and insurance sector. Overall, industry revenue is expected to increase an annualized 3.9% to $274.2 billion over the five years to 2022. While increases in operational costs have dampened industry profit, strong revenue over the same time has tempered these declines.
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."
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 have increasingly relied on these services to cut operating costs and improve efficiency. Success in the industry is contingent on various factors including professional experience, positive track record, cost effectiveness and compliance. Since third-party administrators operate as an ancillary service to insurance providers, industry trends fall in line with the broader finance and insurance sector. Overall, industry revenue is expected to increase an annualized 3.9% to $274.2 billion over the five years to 2022. While increases in operational costs have dampened industry profit, strong revenue over the same time has tempered these declines.
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."
Table of Contents
45 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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