Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: The Insight Partners | PRODUCT CODE: 1765008

Cover Image

PUBLISHER: The Insight Partners | PRODUCT CODE: 1765008

South & Central America Insurance Third-Party Administrator Market Forecast to 2031 - Regional Analysis - by Insurance Type and End User

PUBLISHED:
PAGES: 84 Pages
DELIVERY TIME: 1-5 business days
SELECT AN OPTION
PDF (Single User License)
USD 3450
PDF (Site License)
USD 4450
PDF (Enterprise License)
USD 5450

Add to Cart

The South & Central America insurance third-party administrator market was valued at US$ 5,562.77 million in 2023 and is expected to reach US$ 9,010.59 million by 2031; it is estimated to record a CAGR of 6.2% from 2023 to 2031.

Proliferation of Insurance Industry Bolsters South & Central America Insurance Third-Party Administrator

As countries grow and people gain more discretionary income, they are more likely to be able to afford and recognize the value of insurance products such as life, health, and property insurance plans. This is especially true for a burgeoning middle class striving for financial stability. People are becoming increasingly conscious of the possibility of financial loss due to unforeseen circumstances such as illness, accidents, or natural catastrophes. As a result, individuals, businesses, and other entities seek insurance policies to safeguard themselves from the repercussions, which fuels the demand for insurance solutions that can assist in managing these risks. Moreover, the insurance sector faces numerous constraints, including highly dynamic regulatory complications, which present organizations with considerable threats to financial and operational stability. Thus, the ongoing proliferation of the insurance industry is creating opportunities for the growth of the insurance third-party administrator market.

South & Central America Insurance Third-Party Administrator Market Overview

According to the International Trade Administration (ITA), in December 2023, Brazil had a robust healthcare market in Latin America and spent 9.47% of its GDP on healthcare. There are around 710 health insurance providers (Agencia Nacional de Saude - ANS) in the country that are focused on delivering their products and services efficiently to their customers. This factor generates the demand for TPA services among the insurance providers, which fosters the Brazil insurance third-party administrator market growth. The adoption of TPA helps insurance companies to process claims efficiently raised under a health insurance policy.

South & Central America Insurance Third-Party Administrator Market Revenue and Forecast to 2031 (US$ Million)

South & Central America Insurance Third-Party Administrator Market Segmentation

The South & Central America insurance third-party administrator market is segmented based on insurance type, end users, and country. Based on insurance type, the South & Central America insurance third-party administrator market is segmented into healthcare, retirement plans, commercial general liability insurers, and other insurance types. The healthcare segment held the largest market share in 2023.

In terms of end users, the South & Central America insurance third-party administrator market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.

Based on country, the South & Central America insurance third-party administrator market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America insurance third-party administrator market share in 2023.

Crawford and Company; Charles Taylor Limited; Arthur J Gallagher & Co; and Chubb Ltd are some of the leading players operating in the South & Central America insurance third-party administrator market.

Product Code: BMIRE00031556

Table Of Contents

1. Introduction

  • 1.1 The Insight Partners Research Report Guidance
  • 1.2 Market Segmentation

2. Executive Summary

  • 2.1 Key Insights
  • 2.2 Market Attractiveness

3. Research Methodology

  • 3.1 Secondary Research
  • 3.2 Primary Research
    • 3.2.1 Hypothesis formulation:
    • 3.2.2 Macro-economic factor analysis:
    • 3.2.3 Developing base number:
    • 3.2.4 Data Triangulation:
    • 3.2.5 Country level data:

4. South & Central America Insurance Third-Party Administrator Market Landscape

  • 4.1 Overview
  • 4.2 Ecosystem Analysis
    • 4.2.1 List of Vendors in the Value Chain

5. South & Central America Insurance Third-Party Administrator Market - Key Market Dynamics

  • 5.1 Insurance Third-Party Administrator Market - Key Market Dynamics
  • 5.2 Market Drivers
    • 5.2.1 Increase in Preference for Administrators in Health Insurance
    • 5.2.2 Growing Complexity of Insurance Claims
  • 5.3 Market Restraints
    • 5.3.1 Data Privacy and Security Concerns
  • 5.4 Market Opportunities
    • 5.4.1 Proliferation of Insurance Industry
  • 5.5 Market Trends
    • 5.5.1 Digital Third-Party Administrators
  • 5.6 Impact of Drivers and Restraints:

6. Insurance Third-Party Administrator Market - South & Central America Market Analysis

  • 6.1 Overview
  • 6.2 Insurance Third-Party Administrator Market Revenue (US$ Million), 2021-2031
  • 6.3 Insurance Third-Party Administrator Market Forecast Analysis

7. South & Central America Insurance Third-Party Administrator Market Analysis - by Insurance Type

  • 7.1 Healthcare
    • 7.1.1 Overview
    • 7.1.2 Healthcare: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.2 Retirement Plans
    • 7.2.1 Overview
    • 7.2.2 Retirement Plans: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.3 Commercial General Liability Insurers
    • 7.3.1 Overview
    • 7.3.2 Commercial General Liability Insurers: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.4 Other Insurance Types
    • 7.4.1 Overview
    • 7.4.2 Other Insurance Types: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)

8. South & Central America Insurance Third-Party Administrator Market Analysis - by End Users

  • 8.1 Large Enterprises
    • 8.1.1 Overview
    • 8.1.2 Large Enterprises: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.2 SMEs
    • 8.2.1 Overview
    • 8.2.2 SMEs: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)

9. South & Central America Insurance Third-Party Administrator Market - Country Analysis

  • 9.1 South & Central America
    • 9.1.1 South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast Analysis - by Country
      • 9.1.1.1 South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast Analysis - by Country
      • 9.1.1.2 Brazil: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.1.2.1 Brazil: Insurance Third-Party Administrator Market Breakdown, by Insurance Type
        • 9.1.1.2.2 Brazil: Insurance Third-Party Administrator Market Breakdown, by End Users
      • 9.1.1.3 Argentina: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.1.3.1 Argentina: Insurance Third-Party Administrator Market Breakdown, by Insurance Type
        • 9.1.1.3.2 Argentina: Insurance Third-Party Administrator Market Breakdown, by End Users
      • 9.1.1.4 Rest of South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.1.4.1 Rest of South & Central America: Insurance Third-Party Administrator Market Breakdown, by Insurance Type
        • 9.1.1.4.2 Rest of South & Central America: Insurance Third-Party Administrator Market Breakdown, by End Users

10. Competitive Landscape

  • 10.1 Company Positioning & Concentration
  • 10.2 Heat Map Analysis by Key Players

11. Industry Landscape

  • 11.1 Overview
  • 11.2 Market Initiative
  • 11.3 Merger and Acquisition
  • 11.4 Product Development

12. Company Profiles

  • 12.1 Crawford and Company
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 Charles Taylor Limited
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Arthur J Gallagher & Co
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Chubb Ltd
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments

13. Appendix

  • 13.1 Word Index
  • 13.2 About The Insight Partners
Product Code: BMIRE00031556

List Of Tables

  • Table 1. Insurance Third-Party Administrator Market Segmentation
  • Table 2. List of Vendors
  • Table 3. Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Table 4. Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million) - by Insurance Type
  • Table 5. Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million) - by End Users
  • Table 6. South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million) - by Country
  • Table 7. Brazil: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by Insurance Type
  • Table 8. Brazil: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by End Users
  • Table 9. Argentina: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by Insurance Type
  • Table 10. Argentina: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by End Users
  • Table 11. Rest of South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by Insurance Type
  • Table 12. Rest of South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million) - by End Users
  • Table 13. Heat Map Analysis by Key Players
  • Table 14. List of Abbreviation

List Of Figures

  • Figure 1. Insurance Third-Party Administrator Market Segmentation, by Country
  • Figure 2. Impact Analysis of Drivers and Restraints
  • Figure 3. Insurance Third-Party Administrator Market Revenue (US$ Million), 2021-2031
  • Figure 4. Insurance Third-Party Administrator Market Share (%) - by Insurance Type (2023 and 2031)
  • Figure 5. Healthcare: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 6. Retirement Plans: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 7. Commercial General Liability Insurers: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 8. Other Insurance Types: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 9. Insurance Third-Party Administrator Market Share (%) - by End Users (2023 and 2031)
  • Figure 10. Large Enterprises: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 11. SMEs: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 12. South & Central America: Insurance Third-Party Administrator Market, by Key Countries - Revenue (2023) (US$ Million)
  • Figure 13. South & Central America: Insurance Third-Party Administrator Market Breakdown, by Key Countries, 2023 and 2031 (%)
  • Figure 14. Brazil: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million)
  • Figure 15. Argentina: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million)
  • Figure 16. Rest of South & Central America: Insurance Third-Party Administrator Market - Revenue and Forecast to 2031(US$ Million)
  • Figure 17. Company Positioning & Concentration
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!