With low margins and scarce opportunities for organic growth, TPA marketplace has started to adopt requisite measures for becoming more profitable. While some are building specialist, high margin capabilities such as medical and care management and risk management, others are investing in technology both in-house and through acquisition of InsurTechs. Additionally, some of the larger TPAs have started to expand aggressively in some of the more untapped markets such as Asia Pacific and Latin America.
Regardless of each TPA’s strategy to drive profitability, underlying judgment-intensive capabilities, domain expertise, and localized presence continue to remain relevant for the market. In this hyper competitive and extremely fragmented market, especially in the US, an optimized combination of relevant talent and technology is now more important than ever.
In this research, we analyze the global non-life insurance TPA landscape. We focus on:
This report examines the global non-life insurance TPA market and its service provider landscape. It provides detailed analysis of the capabilities and market impact of non-life insurance TPAs and their relative position on the Everest Group PEAK Matrix. It will assist key stakeholders (insurers, TPAs, and technology providers) understand the current state of the non-life insurance TPA landscape.