Insurance Third Party Administrator Market Scope And Analysis

Report Code : TIPRE00039066
Category : Banking, Financial Services, and Insurance

Status : Published
No. of Pages : 143

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Insurance Third-Party Administrator Market Analysis Report 2021 to 2022

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Insurance Third-Party Administrator Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 256.02 Billion
Market Size by 2031	US$ 544.67 Billion
Global CAGR (2023 - 2031)	9.9%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Insurance Type Healthcare Retirement Plans Commercial General Liability Insurers Other Insurance Types By End Users Large Enterprises SMEs
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Sedgwick Crawford and Company CorVel Corp United Healthcare Services LLC Helmsman Management Services LLC Charles Tayler ExlService Holdings Inc Gallagher Bassett Services LLC and Meritain Health Inc

Insurance Third-Party Administrator Market News and Recent Developments

The insurance third-party administrator market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the insurance third-party administrator market are listed below: Sedgwick has announced several new updates to its artificial intelligence-powered (AI) technology program The technology goal is to expedite the claims process by predicting, addressing, and automating steps in the claim lifecycle, thereby enhancing consumer experiences and streamlining claim resolutions.

(Source: Sedgwick, Press Release, May 2024)

Crawford & Company's third-party administration business in the UK, i.e., Crawford TPA, has teamed with Automated Insurance Solutions (AIS), a British insurtech, to support speedier motor claims processing in the country. Crawford TPA would use AIS's automated motor claims liability assessment tool, BAIL, as part of its growing digital claims management ecosystem.

(Source: Crawford & Company, Press Release, May 2022)

Insurance Third-Party Administrator Market Report Coverage and Deliverables

The "Insurance Third-Party Administrator Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

Insurance third-party administrator market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Insurance third-party administrator market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Insurance third-party administrator market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the insurance third-party administrator market
Detailed company profiles