Canada Insurance TPA Market

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      CANADA INSURANCE TPA MARKET – EXECUTIVE SUMMARY

           2.1.      MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3      PORTER’S FIVE FORCE MODEL ANALYSIS

           3.1      BARGAINING POWER OF SUPPLIERS

           3.2      BARGAINING POWER OF BUYERS

           3.3      DEGREE OF COMPETITION

           3.4      THREAT OF SUBSTITUTE

           3.5      THREAT OF NEW ENTRANTS

4      MARKET SHARE ANALYSIS

           4.1      MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5      MARKET DYNAMICS

           5.1      GROWTH DRIVERS

                         5.1.1      DRIVER 1

                         5.1.2      DRIVER 2

                         5.1.3      DRIVER 3

                         5.1.4      DRIVER 4

           5.2      CHALLENGES

                         5.2.1      CHALLENGE 1

                         5.2.2      CHALLENGE 2

                         5.2.3      CHALLENGE 3

                         5.2.4      CHALLENGE 4

           5.3      OPPORTUNITIES

                         5.3.1      OPPORTUNITY 1

                         5.3.2      OPPORTUNITY 2

6       CANADA INSURANCE TPA MARKET BY TYPE

           6.1      OVERVIEW

           6.2      HEALTH INSURANCE MARKET

           6.3      DISEASE INSURANCE  MARKET

           6.4      MEDICAL INSURANCE MARKET

           6.5      SENIOR CITIZENS  MARKET

           6.6      ADULTS MARKET

           6.7      MINORS MARKET

           6.8      PROPERTY AND CASUALTY INSURANCE MARKET

           6.9      WORKERS COMPENSATION INSURANCE MARKET

           6.10      DISABILITY INSURANCE MARKET

           6.11      TRAVEL INSURANCE MARKET

           6.12      OTHERS MARKET

7       CANADA INSURANCE TPA MARKET BY SERVICES

           7.1      OVERVIEW

           7.2      CLAIMS MANAGEMENT MARKET

           7.3      RISK CONTROL MANAGEMENT MARKET

8       CANADA INSURANCE TPA MARKET BY END-USER

           8.1      OVERVIEW

           8.2      HEALTHCARE MARKET

           8.3      CONSTRUCTION MARKET

           8.4      REAL ESTATE AND HOSPITALITY MARKET

           8.5      TRANSPORTATION MARKET

           8.6      STAFFING MARKET

           8.7      OTHER END-USER MARKET

9     COMPANY PROFILES

           9.1     CRAWFORD AND COMPANY

                         9.1.1     COMPANY OVERVIEW

                         9.1.2     COMPANY SNAPSHOT

                         9.1.3     OPERATING BUSINESS SEGMENTS

                         9.1.4     PRODUCT PORTFOLIO

                         9.1.5     BUSINESS PERFORMANCE

                         9.1.6     BUSINESS SEGMENTS

                         9.1.7     GEOGRAPHIC SEGMENTS

                         9.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.1.9     PRIMARY MARKET COMPETITORS

           9.2     ADMINPLEX RESOURCE SERVICES INC.

                         9.2.1     COMPANY OVERVIEW

                         9.2.2     COMPANY SNAPSHOT

                         9.2.3     OPERATING BUSINESS SEGMENTS

                         9.2.4     PRODUCT PORTFOLIO

                         9.2.5     BUSINESS PERFORMANCE

                         9.2.6     BUSINESS SEGMENTS

                         9.2.7     GEOGRAPHIC SEGMENTS

                         9.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.2.9     PRIMARY MARKET COMPETITORS

           9.3     AGA BENEFIT SOLUTIONS

                         9.3.1     COMPANY OVERVIEW

                         9.3.2     COMPANY SNAPSHOT

                         9.3.3     OPERATING BUSINESS SEGMENTS

                         9.3.4     PRODUCT PORTFOLIO

                         9.3.5     BUSINESS PERFORMANCE

                         9.3.6     BUSINESS SEGMENTS

                         9.3.7     GEOGRAPHIC SEGMENTS

                         9.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.3.9     PRIMARY MARKET COMPETITORS

           9.4     CLAIMSECURE

                         9.4.1     COMPANY OVERVIEW

                         9.4.2     COMPANY SNAPSHOT

                         9.4.3     OPERATING BUSINESS SEGMENTS

                         9.4.4     PRODUCT PORTFOLIO

                         9.4.5     BUSINESS PERFORMANCE

                         9.4.6     BUSINESS SEGMENTS

                         9.4.7     GEOGRAPHIC SEGMENTS

                         9.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.4.9     PRIMARY MARKET COMPETITORS

           9.5     TELUS HEALTH

                         9.5.1     COMPANY OVERVIEW

                         9.5.2     COMPANY SNAPSHOT

                         9.5.3     OPERATING BUSINESS SEGMENTS

                         9.5.4     PRODUCT PORTFOLIO

                         9.5.5     BUSINESS PERFORMANCE

                         9.5.6     BUSINESS SEGMENTS

                         9.5.7     GEOGRAPHIC SEGMENTS

                         9.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.5.9     PRIMARY MARKET COMPETITORS

           9.6     MANULIFE FINANCIAL CORPORATION

                         9.6.1     COMPANY OVERVIEW

                         9.6.2     COMPANY SNAPSHOT

                         9.6.3     OPERATING BUSINESS SEGMENTS

                         9.6.4     PRODUCT PORTFOLIO

                         9.6.5     BUSINESS PERFORMANCE

                         9.6.6     BUSINESS SEGMENTS

                         9.6.7     GEOGRAPHIC SEGMENTS

                         9.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.6.9     PRIMARY MARKET COMPETITORS

           9.7     AGILE BENEFITS

                         9.7.1     COMPANY OVERVIEW

                         9.7.2     COMPANY SNAPSHOT

                         9.7.3     OPERATING BUSINESS SEGMENTS

                         9.7.4     PRODUCT PORTFOLIO

                         9.7.5     BUSINESS PERFORMANCE

                         9.7.6     BUSINESS SEGMENTS

                         9.7.7     GEOGRAPHIC SEGMENTS

                         9.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.7.9     PRIMARY MARKET COMPETITORS

           9.8     ASSOCIUM

                         9.8.1     COMPANY OVERVIEW

                         9.8.2     COMPANY SNAPSHOT

                         9.8.3     OPERATING BUSINESS SEGMENTS

                         9.8.4     PRODUCT PORTFOLIO

                         9.8.5     BUSINESS PERFORMANCE

                         9.8.6     BUSINESS SEGMENTS

                         9.8.7     GEOGRAPHIC SEGMENTS

                         9.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.8.9     PRIMARY MARKET COMPETITORS

           9.9     OWEN AND ASSOCIATES

                         9.9.1     COMPANY OVERVIEW

                         9.9.2     COMPANY SNAPSHOT

                         9.9.3     OPERATING BUSINESS SEGMENTS

                         9.9.4     PRODUCT PORTFOLIO

                         9.9.5     BUSINESS PERFORMANCE

                         9.9.6     BUSINESS SEGMENTS

                         9.9.7     GEOGRAPHIC SEGMENTS

                         9.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.9.9     PRIMARY MARKET COMPETITORS

           9.10     COWAN INSURANCE GROUP

                         9.10.1     COMPANY OVERVIEW

                         9.10.2     COMPANY SNAPSHOT

                         9.10.3     OPERATING BUSINESS SEGMENTS

                         9.10.4     PRODUCT PORTFOLIO

                         9.10.5     BUSINESS PERFORMANCE

                         9.10.6     BUSINESS SEGMENTS

                         9.10.7     GEOGRAPHIC SEGMENTS

                         9.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1.     CANADA INSURANCE TPA MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

TABLE 2.     HEALTH INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 3.     DISEASE INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 4.     MEDICAL INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 5.     SENIOR CITIZENS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 6.     ADULTS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 7.     MINORS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 8.     PROPERTY AND CASUALTY INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 9.     WORKERS COMPENSATION INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 10.     DISABILITY INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 11.     TRAVEL INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 12.     OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 13.     CANADA INSURANCE TPA MARKET VALUE, BY SERVICES, 2023-2030, (MILLION USD)

TABLE 14.     CLAIMS MANAGEMENT, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 15.     RISK CONTROL MANAGEMENT, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 16.     CANADA INSURANCE TPA MARKET VALUE, BY END-USER, 2023-2030, (MILLION USD)

TABLE 17.     HEALTHCARE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 18.     CONSTRUCTION, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 19.     REAL ESTATE AND HOSPITALITY, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 20.     TRANSPORTATION, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 21.     STAFFING, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 22.     OTHER END-USER, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 23.     CRAWFORD AND COMPANY: COMPANY SNAPSHOT

TABLE 24.     CRAWFORD AND COMPANY: OPERATING BUSINESS SEGMENTS

TABLE 25.     CRAWFORD AND COMPANY: PRODUCT PORTFOLIO

TABLE 26.     CRAWFORD AND COMPANY: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 27.     CRAWFORD AND COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 28.     CRAWFORD AND COMPANY: KEY STRATERGY

TABLE 29.     ADMINPLEX RESOURCE SERVICES INC.: COMPANY SNAPSHOT

TABLE 30.     ADMINPLEX RESOURCE SERVICES INC.: OPERATING BUSINESS SEGMENTS

TABLE 31.     ADMINPLEX RESOURCE SERVICES INC.: PRODUCT PORTFOLIO

TABLE 32.     ADMINPLEX RESOURCE SERVICES INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 33.     ADMINPLEX RESOURCE SERVICES INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 34.     ADMINPLEX RESOURCE SERVICES INC.: KEY STRATERGY

TABLE 35.     AGA BENEFIT SOLUTIONS: COMPANY SNAPSHOT

TABLE 36.     AGA BENEFIT SOLUTIONS: OPERATING BUSINESS SEGMENTS

TABLE 37.     AGA BENEFIT SOLUTIONS: PRODUCT PORTFOLIO

TABLE 38.     AGA BENEFIT SOLUTIONS: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 39.     AGA BENEFIT SOLUTIONS: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 40.     AGA BENEFIT SOLUTIONS: KEY STRATERGY

TABLE 41.     CLAIMSECURE: COMPANY SNAPSHOT

TABLE 42.     CLAIMSECURE: OPERATING BUSINESS SEGMENTS

TABLE 43.     CLAIMSECURE: PRODUCT PORTFOLIO

TABLE 44.     CLAIMSECURE: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 45.     CLAIMSECURE: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 46.     CLAIMSECURE: KEY STRATERGY

TABLE 47.     TELUS HEALTH: COMPANY SNAPSHOT

TABLE 48.     TELUS HEALTH: OPERATING BUSINESS SEGMENTS

TABLE 49.     TELUS HEALTH: PRODUCT PORTFOLIO

TABLE 50.     TELUS HEALTH: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 51.     TELUS HEALTH: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 52.     TELUS HEALTH: KEY STRATERGY

TABLE 53.     MANULIFE FINANCIAL CORPORATION: COMPANY SNAPSHOT

TABLE 54.     MANULIFE FINANCIAL CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 55.     MANULIFE FINANCIAL CORPORATION: PRODUCT PORTFOLIO

TABLE 56.     MANULIFE FINANCIAL CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 57.     MANULIFE FINANCIAL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 58.     MANULIFE FINANCIAL CORPORATION: KEY STRATERGY

TABLE 59.     AGILE BENEFITS: COMPANY SNAPSHOT

TABLE 60.     AGILE BENEFITS: OPERATING BUSINESS SEGMENTS

TABLE 61.     AGILE BENEFITS: PRODUCT PORTFOLIO

TABLE 62.     AGILE BENEFITS: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 63.     AGILE BENEFITS: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 64.     AGILE BENEFITS: KEY STRATERGY

TABLE 65.     ASSOCIUM: COMPANY SNAPSHOT

TABLE 66.     ASSOCIUM: OPERATING BUSINESS SEGMENTS

TABLE 67.     ASSOCIUM: PRODUCT PORTFOLIO

TABLE 68.     ASSOCIUM: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 69.     ASSOCIUM: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 70.     ASSOCIUM: KEY STRATERGY

TABLE 71.     OWEN AND ASSOCIATES: COMPANY SNAPSHOT

TABLE 72.     OWEN AND ASSOCIATES: OPERATING BUSINESS SEGMENTS

TABLE 73.     OWEN AND ASSOCIATES: PRODUCT PORTFOLIO

TABLE 74.     OWEN AND ASSOCIATES: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 75.     OWEN AND ASSOCIATES: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 76.     OWEN AND ASSOCIATES: KEY STRATERGY

TABLE 77.     COWAN INSURANCE GROUP: COMPANY SNAPSHOT

TABLE 78.     COWAN INSURANCE GROUP: OPERATING BUSINESS SEGMENTS

TABLE 79.     COWAN INSURANCE GROUP: PRODUCT PORTFOLIO

TABLE 80.     COWAN INSURANCE GROUP: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 81.     COWAN INSURANCE GROUP: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 82.     COWAN INSURANCE GROUP: KEY STRATERGY

LIST OF FIGURES

FIGURE 1.   BARGAINING POWER OF SUPPLIERS

FIGURE 2.   BARGAINING POWER OF BUYERS

FIGURE 3.   DEGREE OF COMPETITION

FIGURE 4.   THREAT OF SUBSTITUTE

FIGURE 5.   THREAT OF NEW ENTRANTS

FIGURE 6.     CANADA INSURANCE TPA MARKET VALUE, BY TYPE, 2023-2030, (MILLION USD)

FIGURE 7.     HEALTH INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 8.     DISEASE INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 9.     MEDICAL INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 10.     SENIOR CITIZENS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 11.     ADULTS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 12.     MINORS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 13.     PROPERTY AND CASUALTY INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 14.     WORKERS COMPENSATION INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 15.     DISABILITY INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 16.     TRAVEL INSURANCE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 17.     OTHERS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 18.     CANADA INSURANCE TPA MARKET VALUE, BY SERVICES, 2023-2030, (MILLION USD)

FIGURE 19.     CLAIMS MANAGEMENT, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 20.     RISK CONTROL MANAGEMENT, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 21.     CANADA INSURANCE TPA MARKET VALUE, BY END-USER, 2023-2030, (MILLION USD)

FIGURE 22.     HEALTHCARE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 23.     CONSTRUCTION, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 24.     REAL ESTATE AND HOSPITALITY, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 25.     TRANSPORTATION, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 26.     STAFFING, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 27.     OTHER END-USER, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 28.     CRAWFORD AND COMPANY: NET SALES, (2021-2023)

FIGURE 29.     CRAWFORD AND COMPANY: PRIMARY MARKET COMPETITORS

FIGURE 30.     ADMINPLEX RESOURCE SERVICES INC.: NET SALES, (2021-2023)

FIGURE 31.     ADMINPLEX RESOURCE SERVICES INC.: PRIMARY MARKET COMPETITORS

FIGURE 32.     AGA BENEFIT SOLUTIONS: NET SALES, (2021-2023)

FIGURE 33.     AGA BENEFIT SOLUTIONS: PRIMARY MARKET COMPETITORS

FIGURE 34.     CLAIMSECURE: NET SALES, (2021-2023)

FIGURE 35.     CLAIMSECURE: PRIMARY MARKET COMPETITORS

FIGURE 36.     TELUS HEALTH: NET SALES, (2021-2023)

FIGURE 37.     TELUS HEALTH: PRIMARY MARKET COMPETITORS

FIGURE 38.     MANULIFE FINANCIAL CORPORATION: NET SALES, (2021-2023)

FIGURE 39.     MANULIFE FINANCIAL CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 40.     AGILE BENEFITS: NET SALES, (2021-2023)

FIGURE 41.     AGILE BENEFITS: PRIMARY MARKET COMPETITORS

FIGURE 42.     ASSOCIUM: NET SALES, (2021-2023)

FIGURE 43.     ASSOCIUM: PRIMARY MARKET COMPETITORS

FIGURE 44.     OWEN AND ASSOCIATES: NET SALES, (2021-2023)

FIGURE 45.     OWEN AND ASSOCIATES: PRIMARY MARKET COMPETITORS

FIGURE 46.     COWAN INSURANCE GROUP: NET SALES, (2021-2023)

FIGURE 47.     COWAN INSURANCE GROUP: PRIMARY MARKET COMPETITORS

 

At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.

Research Landscape

We navigate the world of research with two primary approaches:

Qualitative Approach

Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.

Quantitative Research

In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.

Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.

Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.

 

Our Specialized Toolbox for Industry-Specific Market Research

We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:

Information Procurement

The stage entails acquiring market data or relevant information through various sources and methodologies.

Market Research Approach

We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.

Porters Five Forces Analysis

We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.

              

SWOT Analysis

We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.

Forecasting

We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.