$289.3bn
$XX.Xbn
626k
121k
$XX.Xbn
Success in the industry is contingent on various factors, including professional experience, positive track record, cost-effectiveness and compliance. Since third-party administrators operate as an ancillary service to insurance providers, industry trends align with the broader finance and insurance sector. Third-party administrator revenue is expected to climb at a CAGR of 1.9% to $289.3 billion over the five years to 2024, with a boost of 0.6% in 2024 alone. While hikes in operational costs have dampened industry profit, substantial revenue over the same time has tempered these declines.
Industry revenue has grown at a CAGR of 1.9 % over the past five years, to reach an estimated $289.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Capgemini Se | 7,687.9 | 1,042.1 | 13.6 | |
Infosys Limited | 6,492.8 | 1,150.9 | 17.7 | |
EmblemHealth Inc. | 6,006.8 | -42.1 | -0.7 |
To view the market share and analysis for all 8 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Third-party administration of health and welfare funds, Third-party administration of workers' compensation funds and Third-party administration of self-insurance funds. Third-party administration of health and welfare funds is the largest segment of the Third-Party Administrators & Insurance Claims Adjusters in the US.
Third-party administration of health and welfare funds is the most popular product
Operators in this industry investigate, appraise and settle insurance claims; provide third-party administration services of insurance and pension funds; and offer insurance advisory and rate-making services. This industry doesn't include companies that primarily provide portfolio management services, sell insurance policies or offer actuarial consulting services.
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NAICS 52429 - Third-Party Administrators & Insurance Claims Adjusters in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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There are no major companies that operate domestically. Most activity is from small-scale, nonemploying companies competing in regional and highly localized markets.
Learn about the performance of the top companies in the industry.
There are no major companies in this industry. The fragmentation keeps the industry from creating players big enough to consolidate and gain significant market share.
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A new entrant must comply with stringent state and federal regulations. Compliance costs are more burdensome for smaller firms, as they must devote significant resources to s...
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Profit differs significantly among operators depending upon the number of client engagements in a year, general claim volume, type of industries serviced and other operator-sp...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Third-Party Administrators & Insurance Claims Adjusters in the US industry in United States is $289.3bn in 2024.
There are 121k businesses in the Third-Party Administrators & Insurance Claims Adjusters in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Third-Party Administrators & Insurance Claims Adjusters in the US industry in United States has been growing at a CAGR of 1.9 % between 2019 and 2024.
Over the next five years, the Third-Party Administrators & Insurance Claims Adjusters in the US industry in United States is expected to grow.
The biggest companies operating in the Third-Party Administrators & Insurance Claims Adjusters market in United States are Capgemini Se, Infosys Limited and EmblemHealth Inc.
Investigating, appraising and settling claims and Third-party claims processing are part of the Third-Party Administrators & Insurance Claims Adjusters in the US industry.
The company holding the most market share in United States is Capgemini Se.
The level of competition is high and increasing in the Third-Party Administrators & Insurance Claims Adjusters in the US industry in United States.