Insurance Third Party Administrators Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 160 SKU: IRTNTR77730

Insurance Third Party Administrators (TPA) Market Forecast 2024-2028 

The Insurance Third Party Administrators (TPA) Market size is forecast to increase by USD 119.02 billion, at a CAGR of 6.79% between 2023 and 2028. Market growth accelerates due to various factors, such as the increasing demand for specialized services within the insurance industry, the growing complexity of insurance regulations, and the regulatory compliance requirements in the insurance sector. These elements contribute to the dynamic landscape of the insurance TPA market, reflecting evolving industry dynamics and the need for specialized expertise to navigate regulatory challenges effectively. As demand for specialized insurance services rises, the market anticipates continued growth opportunities amidst evolving regulatory landscapes. The report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

In the insurance third-party administrators (TPA) market, entities handle various services like workers' compensation, commercial property, and liability insurance, along with managing benefit plans such as dental and health coverage. With a focus on price for doctors and leveraging technology with advanced data capabilities, TPAs aim for Y-o-Y revenue growth despite challenges like epidemics. Many carriers outsource services to TPAs, leading to service expansions. The market witnesses digital-led use cases and technological advancements, enabling TPAs to streamline processes, process claims faster, and provide online services with real-time reports. This benefits individuals, businesses, and employment firms alike, navigating policyholder needs with efficiency. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising demand for specialized services is the key factor driving the market. The specialized services offered by the insurance TPAs include claims management services, risk management services, customer service, and business process outsourcing providers. Insurance TPAs efficiently handle the entire claims lifecycle, from receiving claims to thorough evaluation, investigation, and settlement. This includes verifying claims, negotiating with healthcare providers, and ensuring compliance with policy terms and regulations. TPAs implement robust measures to identify process claims faster.

Additionally, insurance TPAs assist insurance companies in staying compliant with evolving regulations and reporting requirements. As the demand for various insurance products such as healthcare Insurance, life, and commercial property and casualty grows, the need for specialized expertise in claim handling and administration also increases. TPAs offer specialized services for specific businesses and individuals, ensuring efficient and accurate claim processing, which increases the demand for specialized services in the insurance industry. Therefore, the increasing demand for specialized services in the insurance industry will drive the growth of the market during the forecast period.

Significant Market Trends

Technological advancements is the primary trend shaping the market. Insurance TPAs are embracing technological advancements like artificial intelligence (AI), robotic process automation (RPA), and data analytics to elevate their service offerings. These innovations empower TPAs to automate routine tasks, streamline processes, and deliver insights-driven services, enhancing operational efficiency and precision. Adoption of automation, particularly RPA, revolutionizes repetitive and rule-based tasks, reducing errors and liberating human resources for higher-value tasks.

Additionally, blockchain technology is gaining traction in insurance TPAs, offering secure and transparent transaction records for claims processing and policy administration. Integration of cloud computing and SaaS platforms further facilitates efficient deployment and management of TPA-specific software solutions. Hence, these advancements are poised to drive growth in the market during the forecast period.

Major Market Challenge

Lack of awareness of insurance TPAs is the major challenge that affects the market expansion.  The limited awareness of understanding of the services offered by insurance TPAs and their benefits for both insurers and policyholders negatively impact the demand for insurance TPAs. When stakeholders, such as insurers, brokers, and self-insured entities, are unaware of the existence or capabilities of TPAs, they may not consider outsourcing administrative functions to these service providers. As a result, TPAs may struggle to expand their client base and reach potential customers who could benefit from their services.

Furthermore, insurance TPAs rely on building strategic partnerships with insurers, brokers, and other industry stakeholders to expand their insurance TPA market presence and grow their client base. However, the lack of awareness about TPAs may make it difficult to establish and develop these partnerships, hindering collaboration and mutual growth opportunities. Therefore, the lack of awareness may impede market expansion during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Arthur J. Gallagher and Co.: The company offers insurance third party administrators service such as risk management services, including unsurpassed claims handling capabilities and expertise through its subsidiary Gallagher Bassett.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Accenture Plc
  • Alankit
  • Charles Taylor
  • Chubb Ltd.
  • Cognizant Technology Solutions Corp.
  • CorVel
  • Crawford and Co.
  • CVS Health Corp.
  • ExlService Holdings Inc.
  • FHPL
  • Good Health Insurance TPA Ltd.
  • Liberty Mutual Insurance Co.
  • Majesco
  • Marsh and McLennan Companies Inc.
  • Medi Assist Healthcare Services Ltd. 
  • Paramount Health Group
  •  Safeway Insurance TPA Pvt Ltd.
  • UnitedHealth Group Inc.
  • WNS Holdings Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The health plan administrators segment is estimated to witness significant growth during the forecast period. Health plan administrators oversee administrative tasks related to health insurance plans for employers, insurers, or self-insured organizations. Their responsibilities include claim processing, enrollment management, and premium billing. They play a vital role in ensuring efficient health insurance plan operations by accurately processing claims, verifying eligibility, and managing payments to healthcare providers.

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The health plan administrators segment was the largest segment and was valued at  USD 132.56 billion in 2018 Additionally, they collect premiums, negotiate healthcare costs, and implement cost containment strategies. Amidst the complexities of healthcare systems, they help manage administrative tasks, coordinate care, and ensure regulatory compliance. These factors contribute to the growth of health plan administrators in the global insurance third-party administrators market during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America holds a significant global share, driven by the region's robust insurance industry, diverse product offerings, and regulatory environment. Increasing demand for administrative outsourcing services, particularly in claims processing and policy administration, fuels market growth. Insurers outsource tasks to improve efficiency, reduce costs, and leverage technological advancements like automation and data analytics. Seeking cost-effective solutions, insurers drive the growth of the market in North America during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Service Type Outlook
    • Health plan administrators
    • Workers compensation TPA
    • Third party claims administration
  • Type Outlook 
    • Large enterprises
    • Small and medium enterprise
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market plays a vital role in the insurance industry, managing claims, policies, and commissions. With digitalization, TPAs streamline operations, ensuring accuracy and efficiency in processing health insurance claims. However, concerns regarding privacy, security, and limited awareness pose challenges. Despite this, the global insurance third party administrator market shows growth prospects, driven by technological advancements like AI, ML, and IoT. TPAs offer digital capabilities such as online portals and mobile apps, enhancing customer experience and end-user adoption. Yet, security risks and privacy concerns remain focal points, urging TPA service providers to prioritize data security and customer trust.

Further, the market is crucial in the health insurance industry, facilitating the administration of policies and claims management. TPAs/MBOs streamline operations, offering automation in claim processing and electronic claims submission. They leverage technological advancements like AI, ML, and IoT to enhance operational efficiency and customer experience. However, security issues and limited understanding pose challenges. With transparency and end-user adoption as priorities, TPAs navigate the complexity of the industry while ensuring privacy and data security for policyholders, employees, and claimants. As the market evolves, health insurance expertise becomes integral for sustainable growth and competitive advantage.

Market Scope

Report Coverage

Details

Page number

160

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.79%

Market Growth 2024-2028

USD 119.02 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.85

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 44%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Alankit, Arthur J. Gallagher and Co., Charles Taylor, Chubb Ltd., Cognizant Technology Solutions Corp., CorVel, Crawford and Co., CVS Health Corp., ExlService Holdings Inc., FHPL, Good Health Insurance TPA Ltd., Liberty Mutual Insurance Co., Majesco, Marsh and McLennan Companies Inc., Medi Assist Healthcare Services Ltd. , Paramount Health Group,  Safeway Insurance TPA Pvt Ltd., UnitedHealth Group Inc., and WNS Holdings Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global insurance third party administrators market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global insurance third party administrators market 2018 - 2022 ($ billion)
    • 4.2 Service type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Service type Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Service Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Service Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Service Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Service Type
      • Exhibit 32: Chart on Comparison by Service Type
      • Exhibit 33: Data Table on Comparison by Service Type
    • 6.3 Health plan administrators - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Health plan administrators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Health plan administrators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Health plan administrators - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Health plan administrators - Year-over-year growth 2023-2028 (%)
    • 6.4 Workers compensation TPA - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Workers compensation TPA - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Workers compensation TPA - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Workers compensation TPA - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Workers compensation TPA - Year-over-year growth 2023-2028 (%)
    • 6.5 Third party claims administration - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Third party claims administration - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Third party claims administration - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Third party claims administration - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Third party claims administration - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Service Type
      • Exhibit 46: Market opportunity by Service Type ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Service Type ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Large enterprises - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Large enterprises - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Large enterprises - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)
    • 7.4 Small and medium enterprise - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Small and medium enterprise - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Small and medium enterprise - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Small and medium enterprise - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Arthur J. Gallagher and Co.
              • Exhibit 115: Arthur J. Gallagher and Co. - Overview
              • Exhibit 116: Arthur J. Gallagher and Co. - Business segments
              • Exhibit 117: Arthur J. Gallagher and Co. - Key offerings
              • Exhibit 118: Arthur J. Gallagher and Co. - Segment focus
            • 12.4 Charles Taylor
              • Exhibit 119: Charles Taylor - Overview
              • Exhibit 120: Charles Taylor - Product / Service
              • Exhibit 121: Charles Taylor - Key news
              • Exhibit 122: Charles Taylor - Key offerings
            • 12.5 Chubb Ltd.
              • Exhibit 123: Chubb Ltd. - Overview
              • Exhibit 124: Chubb Ltd. - Business segments
              • Exhibit 125: Chubb Ltd. - Key news
              • Exhibit 126: Chubb Ltd. - Key offerings
              • Exhibit 127: Chubb Ltd. - Segment focus
            • 12.6 Cognizant Technology Solutions Corp.
              • Exhibit 128: Cognizant Technology Solutions Corp. - Overview
              • Exhibit 129: Cognizant Technology Solutions Corp. - Business segments
              • Exhibit 130: Cognizant Technology Solutions Corp. - Key offerings
              • Exhibit 131: Cognizant Technology Solutions Corp. - Segment focus
            • 12.7 CorVel
              • Exhibit 132: CorVel - Overview
              • Exhibit 133: CorVel - Product / Service
              • Exhibit 134: CorVel - Key offerings
            • 12.8 Crawford and Co.
              • Exhibit 135: Crawford and Co. - Overview
              • Exhibit 136: Crawford and Co. - Business segments
              • Exhibit 137: Crawford and Co. - Key offerings
              • Exhibit 138: Crawford and Co. - Segment focus
            • 12.9 CVS Health Corp.
              • Exhibit 139: CVS Health Corp. - Overview
              • Exhibit 140: CVS Health Corp. - Business segments
              • Exhibit 141: CVS Health Corp. - Key news
              • Exhibit 142: CVS Health Corp. - Key offerings
              • Exhibit 143: CVS Health Corp. - Segment focus
            • 12.10 ExlService Holdings Inc.
              • Exhibit 144: ExlService Holdings Inc. - Overview
              • Exhibit 145: ExlService Holdings Inc. - Business segments
              • Exhibit 146: ExlService Holdings Inc. - Key news
              • Exhibit 147: ExlService Holdings Inc. - Key offerings
              • Exhibit 148: ExlService Holdings Inc. - Segment focus
            • 12.11 FHPL
              • Exhibit 149: FHPL - Overview
              • Exhibit 150: FHPL - Product / Service
              • Exhibit 151: FHPL - Key offerings
            • 12.12 Good Health Insurance TPA Ltd.
              • Exhibit 152: Good Health Insurance TPA Ltd. - Overview
              • Exhibit 153: Good Health Insurance TPA Ltd. - Product / Service
              • Exhibit 154: Good Health Insurance TPA Ltd. - Key offerings
            • 12.13 Liberty Mutual Insurance Co.
              • Exhibit 155: Liberty Mutual Insurance Co. - Overview
              • Exhibit 156: Liberty Mutual Insurance Co. - Business segments
              • Exhibit 157: Liberty Mutual Insurance Co. - Key offerings
              • Exhibit 158: Liberty Mutual Insurance Co. - Segment focus
            • 12.14 Marsh and McLennan Companies Inc.
              • Exhibit 159: Marsh and McLennan Companies Inc. - Overview
              • Exhibit 160: Marsh and McLennan Companies Inc. - Business segments
              • Exhibit 161: Marsh and McLennan Companies Inc. - Key offerings
              • Exhibit 162: Marsh and McLennan Companies Inc. - Segment focus
            • 12.15 Medi Assist Healthcare Services Ltd
              • Exhibit 163: Medi Assist Healthcare Services Ltd - Overview
              • Exhibit 164: Medi Assist Healthcare Services Ltd - Product / Service
              • Exhibit 165: Medi Assist Healthcare Services Ltd - Key offerings
            • 12.16 Paramount Health Group
              • Exhibit 166: Paramount Health Group - Overview
              • Exhibit 167: Paramount Health Group - Product / Service
              • Exhibit 168: Paramount Health Group - Key offerings
            • 12.17 UnitedHealth Group Inc.
              • Exhibit 169: UnitedHealth Group Inc. - Overview
              • Exhibit 170: UnitedHealth Group Inc. - Business segments
              • Exhibit 171: UnitedHealth Group Inc. - Key news
              • Exhibit 172: UnitedHealth Group Inc. - Key offerings
              • Exhibit 173: UnitedHealth Group Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis