Meet Abi
Abi will answer all Insurance Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Discover Market Info
Get up-to-date market and supplier info on Insurance Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Manage Risk
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Assess Category Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Insurance Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Insurance Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
$ 120 billion
$ 750 billion
$ 1 Tn
Category Intelligence on Insurance Services covers the following
The global economic environment continues to be a key driver for the insurance markets. The life and health insurance sector growth is predicted to be largely based on demand from emerging markets (emerging Asia, LATAM, MENA).
Global increase in healthcare costs by 8.5% is considered as a major marker driver for health insurance.
Drivers
Constraints
Analysis of the historical medical cost trend reveals the forces that repeatedly influenced healthcare costs. They include economy-wide drivers, such as demographics and American lifestyle trends, and healthcare-specific influences, such as technology and treatment, innovations, and payment model changes.
Economy-wide Drivers
Income
Higher income is associated with higher health spending. Growth has been slow in the past decade, income is rising on an average and within them healthcare spending
Demographics
There has been an increase in elderly population. It was observed in 2012, that 15.9 percent of the civilian labor force was between the age 55 and 64; and this is expected to increase to 17.3 by 2022. An older workforce typically has more health needs, resulting in higher healthcare expenditures.
Lifestyle
Obesity, smoking, substance abuse, poor nutrition, and physical inactivity intensify the utilization of health services 24/7. Over 70% of the Americans are considered overweight, and abuse of opioids, such as heroin and prescription pain relievers, is on the rise. These growing health risks drive healthcare costs upward.
Healthcare-specific Drivers
Technology and treatment innovation
The pharmaceutical, life sciences, and medical device industries are funding for research and development and launches new products every year, some with hefty price tags and potential to boost utilization.
Government regulation
From nurse staffing levels to the use of health information technology, government regulation has long had an influence on healthcare costs.
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