Third party administrator services Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Third party administrator services category?

Are you looking for answers on Third party administrator services category?

  • What are the key trends in Third party administrator services category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Third party administrator services industry?
  • How is Third party administrator services industry performing?

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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

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