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PUBLISHER: TechNavio | PRODUCT CODE: 1456848
PUBLISHER: TechNavio | PRODUCT CODE: 1456848
Global Insurance Third Party Administrators Market 2024-2028
PUBLISHED:
PAGES: 160 Pages
DELIVERY TIME: 1-2 business days
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The insurance third party administrators market is forecasted to grow by USD 119.02 bn during 2023-2028, accelerating at a CAGR of 6.79% during the forecast period. The report on the insurance third party administrators market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for specialized services in insurance industry, growing complexity of insurance regulations, and regulatory compliance requirements in the insurance industry.
Technavio's insurance third party administrators market is segmented as below:
| Market Scope | |
|---|---|
| Base Year | 2024 |
| End Year | 2028 |
| Series Year | 2024-2028 |
| Growth Momentum | Accelerate |
| YOY 2024 | 5.85% |
| CAGR | 6.79% |
| Incremental Value | $119.02bn |
By Service Type
- Health plan administrators
- Workers compensation TPA
- Third party claims administration
By Type
- Large enterprises
- Small
- medium enterprise
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the technological advancements in insurance TPAS as one of the prime reasons driving the insurance third party administrators market growth during the next few years. Also, integration of multichannel communication in the insurance TPAS and rising mergers and acquisitions among the vendors in the market will lead to sizable demand in the market.
The report on the insurance third party administrators market covers the following areas:
- Insurance third party administrators market sizing
- Insurance third party administrators market forecast
- Insurance third party administrators market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance third party administrators market vendors that include Accenture Plc, Alankit, Arthur J. Gallagher and Co., Charles Taylor, Chubb Ltd., Cognizant Technology Solutions Corp., CorVel, Crawford and Co., CVS Health Corp., ExlService Holdings Inc., FHPL, Good Health Insurance TPA Ltd., Liberty Mutual Insurance Co., Majesco, Marsh and McLennan Companies Inc., Medi Assist Healthcare Services Ltd. , Paramount Health Group, Safeway Insurance TPA Pvt Ltd., UnitedHealth Group Inc., and WNS Holdings Ltd.. Also, the insurance third party administrators market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Product Code: IRTNTR77730
Table of Contents
1 Executive Summary
- 1.1 Market overview
2 Market Landscape
- 2.1 Market ecosystem
3 Market Sizing
- 3.1 Market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
- 4.1 Global insurance third party administrators market 2018 - 2022
- 4.2 Service type Segment Analysis 2018 - 2022
- 4.3 Type Segment Analysis 2018 - 2022
- 4.4 Geography Segment Analysis 2018 - 2022
- 4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
- 5.1 Five forces summary
- 5.2 Bargaining power of buyers
- 5.3 Bargaining power of suppliers
- 5.4 Threat of new entrants
- 5.5 Threat of substitutes
- 5.6 Threat of rivalry
- 5.7 Market condition
6 Market Segmentation by Service Type
- 6.1 Market segments
- 6.2 Comparison by Service Type
- 6.3 Health plan administrators - Market size and forecast 2023-2028
- 6.4 Workers compensation TPA - Market size and forecast 2023-2028
- 6.5 Third party claims administration - Market size and forecast 2023-2028
- 6.6 Market opportunity by Service Type
7 Market Segmentation by Type
- 7.1 Market segments
- 7.2 Comparison by Type
- 7.3 Large enterprises - Market size and forecast 2023-2028
- 7.4 Small and medium enterprise - Market size and forecast 2023-2028
- 7.5 Market opportunity by Type
8 Customer Landscape
- 8.1 Customer landscape overview
9 Geographic Landscape
- 9.1 Geographic segmentation
- 9.2 Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- 9.4 APAC - Market size and forecast 2023-2028
- 9.5 Europe - Market size and forecast 2023-2028
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- 9.7 South America - Market size and forecast 2023-2028
- 9.8 US - Market size and forecast 2023-2028
- 9.9 China - Market size and forecast 2023-2028
- 9.10 Germany - Market size and forecast 2023-2028
- 9.11 UK - Market size and forecast 2023-2028
- 9.12 Japan - Market size and forecast 2023-2028
- 9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- 11.3 Landscape disruption
- 11.4 Industry risks
12 Vendor Analysis
- 12.1 Vendors covered
- 12.2 Market positioning of vendors
- 12.3 Arthur J. Gallagher and Co.
- 12.4 Charles Taylor
- 12.5 Chubb Ltd.
- 12.6 Cognizant Technology Solutions Corp.
- 12.7 CorVel
- 12.8 Crawford and Co.
- 12.9 CVS Health Corp.
- 12.10 ExlService Holdings Inc.
- 12.11 FHPL
- 12.12 Good Health Insurance TPA Ltd.
- 12.13 Liberty Mutual Insurance Co.
- 12.14 Marsh and McLennan Companies Inc.
- 12.15 Medi Assist Healthcare Services Ltd
- 12.16 Paramount Health Group
- 12.17 UnitedHealth Group Inc.
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- 13.3 Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 List of abbreviations
Product Code: IRTNTR77730
Exhibits:
- Exhibits1: Executive Summary - Chart on Market Overview
- Exhibits2: Executive Summary - Data Table on Market Overview
- Exhibits3: Executive Summary - Chart on Global Market Characteristics
- Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
- Exhibits5: Executive Summary - Chart on Market Segmentation by Service Type
- Exhibits6: Executive Summary - Chart on Market Segmentation by Type
- Exhibits7: Executive Summary - Chart on Incremental Growth
- Exhibits8: Executive Summary - Data Table on Incremental Growth
- Exhibits9: Executive Summary - Chart on Vendor Market Positioning
- Exhibits10: Parent market
- Exhibits11: Market Characteristics
- Exhibits12: Offerings of vendors included in the market definition
- Exhibits13: Market segments
- Exhibits14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibits16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibits18: Historic Market Size - Data Table on global insurance third party administrators market 2018 - 2022 ($ billion)
- Exhibits19: Historic Market Size - Service type Segment 2018 - 2022 ($ billion)
- Exhibits20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
- Exhibits23: Five forces analysis - Comparison between 2023 and 2028
- Exhibits24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
- Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
- Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
- Exhibits29: Chart on Market condition - Five forces 2023 and 2028
- Exhibits30: Chart on Service Type - Market share 2023-2028 (%)
- Exhibits31: Data Table on Service Type - Market share 2023-2028 (%)
- Exhibits32: Chart on Comparison by Service Type
- Exhibits33: Data Table on Comparison by Service Type
- Exhibits34: Chart on Health plan administrators - Market size and forecast 2023-2028 ($ billion)
- Exhibits35: Data Table on Health plan administrators - Market size and forecast 2023-2028 ($ billion)
- Exhibits36: Chart on Health plan administrators - Year-over-year growth 2023-2028 (%)
- Exhibits37: Data Table on Health plan administrators - Year-over-year growth 2023-2028 (%)
- Exhibits38: Chart on Workers compensation TPA - Market size and forecast 2023-2028 ($ billion)
- Exhibits39: Data Table on Workers compensation TPA - Market size and forecast 2023-2028 ($ billion)
- Exhibits40: Chart on Workers compensation TPA - Year-over-year growth 2023-2028 (%)
- Exhibits41: Data Table on Workers compensation TPA - Year-over-year growth 2023-2028 (%)
- Exhibits42: Chart on Third party claims administration - Market size and forecast 2023-2028 ($ billion)
- Exhibits43: Data Table on Third party claims administration - Market size and forecast 2023-2028 ($ billion)
- Exhibits44: Chart on Third party claims administration - Year-over-year growth 2023-2028 (%)
- Exhibits45: Data Table on Third party claims administration - Year-over-year growth 2023-2028 (%)
- Exhibits46: Market opportunity by Service Type ($ billion)
- Exhibits47: Data Table on Market opportunity by Service Type ($ billion)
- Exhibits48: Chart on Type - Market share 2023-2028 (%)
- Exhibits49: Data Table on Type - Market share 2023-2028 (%)
- Exhibits50: Chart on Comparison by Type
- Exhibits51: Data Table on Comparison by Type
- Exhibits52: Chart on Large enterprises - Market size and forecast 2023-2028 ($ billion)
- Exhibits53: Data Table on Large enterprises - Market size and forecast 2023-2028 ($ billion)
- Exhibits54: Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
- Exhibits55: Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)
- Exhibits56: Chart on Small and medium enterprise - Market size and forecast 2023-2028 ($ billion)
- Exhibits57: Data Table on Small and medium enterprise - Market size and forecast 2023-2028 ($ billion)
- Exhibits58: Chart on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
- Exhibits59: Data Table on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
- Exhibits60: Market opportunity by Type ($ billion)
- Exhibits61: Data Table on Market opportunity by Type ($ billion)
- Exhibits62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Exhibits63: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- Exhibits65: Chart on Geographic comparison
- Exhibits66: Data Table on Geographic comparison
- Exhibits67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibits69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibits70: Data Table on North America - Year-over-year growth 2023-2028 (%)
- Exhibits71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibits73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Exhibits75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibits77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- Exhibits79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibits81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibits83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibits85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibits86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- Exhibits87: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibits89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibits90: Data Table on US - Year-over-year growth 2023-2028 (%)
- Exhibits91: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibits93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibits94: Data Table on China - Year-over-year growth 2023-2028 (%)
- Exhibits95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibits97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Exhibits99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibits100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibits101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibits102: Data Table on UK - Year-over-year growth 2023-2028 (%)
- Exhibits103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibits105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Exhibits107: Market opportunity By Geographical Landscape ($ billion)
- Exhibits108: Data Tables on Market opportunity By Geographical Landscape ($ billion)
- Exhibits109: Impact of drivers and challenges in 2023 and 2028
- Exhibits110: Overview on Criticality of inputs and Factors of differentiation
- Exhibits111: Overview on factors of disruption
- Exhibits112: Impact of key risks on business
- Exhibits113: Vendors covered
- Exhibits114: Matrix on vendor position and classification
- Exhibits115: Arthur J. Gallagher and Co. - Overview
- Exhibits116: Arthur J. Gallagher and Co. - Business segments
- Exhibits117: Arthur J. Gallagher and Co. - Key offerings
- Exhibits118: Arthur J. Gallagher and Co. - Segment focus
- Exhibits119: Charles Taylor - Overview
- Exhibits120: Charles Taylor - Product / Service
- Exhibits121: Charles Taylor - Key news
- Exhibits122: Charles Taylor - Key offerings
- Exhibits123: Chubb Ltd. - Overview
- Exhibits124: Chubb Ltd. - Business segments
- Exhibits125: Chubb Ltd. - Key news
- Exhibits126: Chubb Ltd. - Key offerings
- Exhibits127: Chubb Ltd. - Segment focus
- Exhibits128: Cognizant Technology Solutions Corp. - Overview
- Exhibits129: Cognizant Technology Solutions Corp. - Business segments
- Exhibits130: Cognizant Technology Solutions Corp. - Key offerings
- Exhibits131: Cognizant Technology Solutions Corp. - Segment focus
- Exhibits132: CorVel - Overview
- Exhibits133: CorVel - Product / Service
- Exhibits134: CorVel - Key offerings
- Exhibits135: Crawford and Co. - Overview
- Exhibits136: Crawford and Co. - Business segments
- Exhibits137: Crawford and Co. - Key offerings
- Exhibits138: Crawford and Co. - Segment focus
- Exhibits139: CVS Health Corp. - Overview
- Exhibits140: CVS Health Corp. - Business segments
- Exhibits141: CVS Health Corp. - Key news
- Exhibits142: CVS Health Corp. - Key offerings
- Exhibits143: CVS Health Corp. - Segment focus
- Exhibits144: ExlService Holdings Inc. - Overview
- Exhibits145: ExlService Holdings Inc. - Business segments
- Exhibits146: ExlService Holdings Inc. - Key news
- Exhibits147: ExlService Holdings Inc. - Key offerings
- Exhibits148: ExlService Holdings Inc. - Segment focus
- Exhibits149: FHPL - Overview
- Exhibits150: FHPL - Product / Service
- Exhibits151: FHPL - Key offerings
- Exhibits152: Good Health Insurance TPA Ltd. - Overview
- Exhibits153: Good Health Insurance TPA Ltd. - Product / Service
- Exhibits154: Good Health Insurance TPA Ltd. - Key offerings
- Exhibits155: Liberty Mutual Insurance Co. - Overview
- Exhibits156: Liberty Mutual Insurance Co. - Business segments
- Exhibits157: Liberty Mutual Insurance Co. - Key offerings
- Exhibits158: Liberty Mutual Insurance Co. - Segment focus
- Exhibits159: Marsh and McLennan Companies Inc. - Overview
- Exhibits160: Marsh and McLennan Companies Inc. - Business segments
- Exhibits161: Marsh and McLennan Companies Inc. - Key offerings
- Exhibits162: Marsh and McLennan Companies Inc. - Segment focus
- Exhibits163: Medi Assist Healthcare Services Ltd - Overview
- Exhibits164: Medi Assist Healthcare Services Ltd - Product / Service
- Exhibits165: Medi Assist Healthcare Services Ltd - Key offerings
- Exhibits166: Paramount Health Group - Overview
- Exhibits167: Paramount Health Group - Product / Service
- Exhibits168: Paramount Health Group - Key offerings
- Exhibits169: UnitedHealth Group Inc. - Overview
- Exhibits170: UnitedHealth Group Inc. - Business segments
- Exhibits171: UnitedHealth Group Inc. - Key news
- Exhibits172: UnitedHealth Group Inc. - Key offerings
- Exhibits173: UnitedHealth Group Inc. - Segment focus
- Exhibits174: Inclusions checklist
- Exhibits175: Exclusions checklist
- Exhibits176: Currency conversion rates for US$
- Exhibits177: Research methodology
- Exhibits178: Validation techniques employed for market sizing
- Exhibits179: Information sources
- Exhibits180: List of abbreviations
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