Global Insurance Services Category - Procurement Market Intelligence Report

Apart from offering in-depth consumer data to help identify category pricing strategies, this procurement intelligence report covers everything that an investor needs to know before venturing into this market.

  • Published: Nov 2018
  • Pages: 106
  • SKU: IRCMSTR11051-1
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Market overview: Insurance services


Amidst the socio-political turmoil, the insurance services sector is picking up its pace. It is predicted that the insurance premium rates will grow at a rate of about 4.5%, owing to the wave of economic affluence across the globe. Moreover, the average global commercial insurance pricing is exhibiting a stark improvement after recovering from the losses due to natural catastrophes. Such growth will also favor the preference for insurance services. This procurement market research report also offers detailed insights into the insurance services providers and identifies the key category growth drivers to help the buyers reduce spend.

Why should you buy the report?


The subscription rate of insurance premiums in various regions has a varying impact on the category growth. This procurement market analysis report offers graphic details on the nature of demand and supply of the insurance services in the global market. Such information is expected to aid in aligning the entire business infrastructure according to the changing dynamics of the global market.

Key insights offered in this procurement market analysis report on insurance services will help the buyers:

  • Understand the spend potential within the insurance services market
  • Compare pricing models
  • Understand the supply chain margins
  • Analyze the global and regional spend opportunity

Understand the global category spend for insurance services market          


According to this procurement intelligence report, which is a part of SpendEdges financial services category, the global health insurance market is expected to account for nearly 32% of the share by the end of 2023. This growth is attributed to the improving global healthcare sector, reforms undertaken by the government in developing regions, and other factors.

Additional insights offered in this procurement intelligence report include:

  • Global spend on insurance services for the period of 2017-2022
  • Risk management strategies
  • Regional and global spend segmentation
  • Buyer and the supplier ecosystem

Optimize category spend for the insurance services market


Taking informed decisions in the financial market is extremely crucial to avoid costly ramifications. Therefore, our procurement experts advise the buyers to compare insurance offerings with industry peer groups to choose the best options for employees.

This procurement report on the market of insurance services also offers a coverage of:

  • Strategic sustainability practices
  • Supplier and the buyer KPIs
  • Major category enablers

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Understand the insurance services supply landscape


The insurance services providers must be evaluated based on the experience of their underwriting teams. They are functional in identifying all possible risks involved and determine suitable coverage of risks. This reduces the risk coverage gap. The insurance services providers should also be considered based on their ability to utilize their heuristic knowledge along with data-driven decision-making solutions.

This procurement report on the also identifies the major costs incurred by the suppliers and offers a coverage of:

  • Suppliers positioning strategy
  • Supplier evaluation criteria
  • Supplier ecosystem outlook

Build effective category management strategies for the insurance services market


The category managers are advised to partner with the insurance services providers who employ advanced analytical tools for evaluating losses. This will aid the buyers in minimizing significant time and costs associated with claims settlement.

Key insights offered in this procurement report on insurance services will help the buyers identify:

  • Global and regional category risks
  • Category growth drivers
  • Supplier selection criteria

An analysis of the top insurance services providers and the best negotiation levers are offered in this procurement report on the insurance services.

This report can be personalized according to your needs. Contact us now!


PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx essentials
  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Berkshire Hathaway
  • Profile: UnitedHealth
  • Profile: AXA
  • Profile: Allianz
  • Profile: Anthem

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key Notes
  • Global category spend (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Organization
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Berkshire Hathaway – Key information dashboard
  • UnitedHealth – Key information dashboard
  • AXA – Key information dashboard
  • Allianz – Key information dashboard
  • ASSICURAZIONI GENERALI – Key information dashboard
  • Anthem – Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings



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