Insurance Third Party Administrator Market Size, Trends 2024- 32
Submitted by imracrahul | November 8, 2024, 05:16:15 | Business
The global insurance third party administrator market size reached US$ 395.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 680.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.21% during 2024-2032. The increasing demand for insurance TPA for complex claims handling, the rising utilization for risk mitigation, the growing integration with insurers’ tech systems for efficient data sharing, and the escalating demand for streamlined administrative services are some of the factors propelling the market.
Source: https://www.imarcgroup.com/insurance-third-party-administrator-market
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