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Third party administrator services
Market, Supplier, Risk and
Competitive Intelligence

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  • Category Report with unlimited updates
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

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Manage Third party administrator services Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Third party administrator services related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Third party administrator services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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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

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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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

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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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-1

Abi will answer all Third party administrator 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 Third party administrator services to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

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

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

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-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

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

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Report Coverage

  1. Market Analysis
  2. Market Trends
  3. Trends that Impact the Claims Industry
  4. Cost Structure Analysis

Production Size

Global Production Size/ Capacity

$271 billion

CAGR

5.8 percent

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. Impact of COVID-19 on Insurance TPA Service
  1. Market Analysis
  2. TPA Outsourcing Service – Market Overview/Growth
  3. Regional Market Outlook – TPA Outsourcing Service Adoption Level
  4. TPA Outsourcing Service – Adoption Trends in the Market
  5. TPA Outsourcing Service Industry – Drivers and Constraints
  6. Porter’s Five Forces Analysis – TPA Outsourcing Service Industry
  1. Market Trends
  2. Trends that Impact the Claims Industry
  1. Cost Structure Analysis
  2. Cost Structure Analysis for TPA Outsourcing Service Industry
  3. BCCS Assessment:
  1. Industry Best Practices
  2. Pricing Models
  3. Engagement/Sourcing Models
  4. Best Governance Mechanism – To Ensure Success in Outsourcing to a TPA BPO Provider
  5. TPA Outsourcing Service Industry – KPIs

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Third Party Administrator Services Global Market Outlook:

TPA Service North American Market Size (2020 Estimate): $271 billion

Porter's Analysis on Third Party Administrator Services

Supplier Power

  • The TPA industry is currently dominated by few players. The industry is fragmented, in terms of service providers and their industries, with only a few being category- specific to TPA

  • As a result, it limits the service provider’s power to medium

Barriers to New Entrants

  • Increasing process complexity, technology sophistication, and established service providers are high barriers for new entrants
  • Currently, buyers prefer working with the preferred service providers, having strong domain expertise and able to cater to a wide range of requirements
  • It requires high initial investments and skilled labor to cater to the needs of mature buyers

Intensity of Rivalry

  • The top players account for more than 60 percent of the overall market. The latest trend is that medium-sized players combine with niche players to provide integrated services
  • All players compete on the similar platforms, such as technology and service delivery capabilities, and not pricing exclusively. Hence, the intensity of rivalry is medium

Threat of Substitutes

  • The cost of carrying out claim management services in-house is high and its process efficiency is lesser compared to outsourcing
  • The access to the world-class delivery, a trained workforce, increase in spend visibility, and most importantly, the focus the buyer gets on core activities because of outsourcing makes sourcing in TPA less susceptible to the threat of substitutes

Buyer Power

  • For global/regional engagements, and/or end-to-end services with market leaders, the buyers have relatively medium bargaining power, as there are no service providers that match them in end-to-end service delivery capabilities, category expertise, and geographic reach

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

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