Today, U.S. corporations can take a more global view of how insurance is placed and more interest in how claims are managed. They are looking to adopt more control around costs and, as such, are willing to carry risks themselves through higher retention rates. This drives a need for TPAs to manage the sub-deductible work. (Credit: OpturaDesign/Adobe Stock) Today, corporations are looking to adopt more control around costs and, as such, are willing to carry risks themselves through higher retention rates. (Credit: OpturaDesign/Adobe Stock)

Reports suggest that the global third-party administration (TPA) market will grow by 6.3% a year, with a market value projected to be $515 billion by 2030, compared to $281 billion in 2020. What is fuelling this mega growth in the USA? And how will the market develop?

Related: Eliminating silos: How TPA integration removes friction

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.