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Third party administrator services
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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

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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

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Source Market Indices

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

Abi - AI powered digital procurement assistant

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

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

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Third party administrator services Category Intelligence

Report Coverage

Market Analysis
Market Trends
Trends that Impact the Claims Industry
Cost Structure Analysis

Production Size

Global Production Size/ Capacity

$271 billion

CAGR

5.8 percent

Third party administrator services Market Trends

Category Intelligence on Third party administrator services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of Contents

Executive Summary
Executive Summary
Impact of COVID-19 on Insurance TPA Service

Market Analysis
TPA Outsourcing Service – Market Overview/Growth
Regional Market Outlook – TPA Outsourcing Service Adoption Level
TPA Outsourcing Service – Adoption Trends in the Market
TPA Outsourcing Service Industry – Drivers and Constraints
Porter’s Five Forces Analysis – TPA Outsourcing Service Industry

Market Trends
Trends that Impact the Claims Industry

Cost Structure Analysis
Cost Structure Analysis for TPA Outsourcing Service Industry
BCCS Assessment:

Industry Best Practices
Pricing Models
Engagement/Sourcing Models
Best Governance Mechanism – To Ensure Success in Outsourcing to a TPA BPO Provider
TPA Outsourcing Service Industry – KPIs

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Industry Outlook & Drivers

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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