The Worldwide Insurance Third Party Administrator Industry is Expected to Reach $408 Billion by 2027 - ResearchAndMarkets.com

The "Global Insurance Third Party Administrator Market (2022-2027) by End-User, Service Type, Insurance Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Insurance Third Party Administrator Market is estimated to be USD 304.1 Bn in 2022 and is expected to reach USD 408.68 Bn by 2027, growing at a CAGR of 6.09%.

Market dynamics are forces that impact the prices and behaviors of the Global Insurance Third Party Administrator Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Insurance Third Party Administrator Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Increased Risk of Non-Payment
• Increasing Digitization of Financial Services
• Increase in Business Operations
• Growth in Strict Terms and Conditions

Restraints

• Complex Governing Rules
• Adds More Cost on Doing Business

Opportunities

• Advancements in Technologies
• Demand for Customized Trade Services

Challenges

• Fraud and Cyber Attacks Concerns

Market Segmentation

The Global Insurance Third Party Administrator Market is segmented based on End-User, Service Type, Insurance Type, and Geography.

• End-User, the market is classified into 1.Life and Annuities Insurance and P and C Insurance.
• Service Type, the market is classified into Claims Management, Policy Management, Commission Management, and Others.
• Insurance Type, the market is classified into Healthcare Providers, Retirement Plans, Commercial General Liability, and Other.
• Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• American International Group, Inc
• Cannon Cochran Management Services Inc
• Capital Group
• Charles Taylor General Agency, Inc
• Coresource Inc
• Corvel
• Crawford & Company
• East West Assist Insurance TPA Private Limited
• Ericson Insurance TPA Private Limited
• Exlservice Holdings, Inc
• Gallagher Bassett Services, Inc
• Healthscope Benefits, Inc
• HSBC Securities Services
• Meritain Health
• Northern Trust Corporation
• Sedgwick Claims Management Services Inc
• UMR Inc
• United Health Care Parekh Insurance TPA Private Limited
• United Healthcare Services, Inc

For more information about this report visit https://www.researchandmarkets.com/r/hqrred

View source version on businesswire.com: https://www.businesswire.com/news/home/20220422005284/en/