Global Workers’ Compensation Insurance Category - Procurement Market Intelligence Report

SpendEdge’s Workers’ Compensation Insurance Procurement Research Report is an all-inclusive guide enabling sourcing and procurement leaders to make smart purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape and an analysis of the supplier capability matrix.

  • Published: Apr 2017
  • Pages: 78
  • SKU: IRCMSTR12113
See more Financial Services reports

Want to know more about this procurement report?

You can get a FREE sample of any report on our site.

What’s in a sample report?
  • $ 2500
  • $ 1500

Choose your licensing options

Single User + 0
Five User + $ 250
Enterprise + $ 500
Global + $ 3500

Key Features of Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Workers’ Compensation Insurance - Category Spend Analysis

According to SpendEdge analysts, the buyers’ preference to engage with suppliers for insurance and risk management advice is a key driver for the workers’ compensation insurance market. They are increasingly opting for this service to avoid litigations that can result in negative publicity for the organization.

 

Workers’ Compensation Insurance –  Procurement Best Practices

Buyers must engage with suppliers who can help them list down and categorize negotiation levers on a long-term basis. They must also identify and list down potential negotiation levers prior to the commencement of contract-related discussions with suppliers.

 

Workers’ Compensation Insurance - Procurement Challenges

Based on the analysis in this report, differences in laws across regions is one of the major procurement pain points experienced by the buyers. SpendEdge’s procurement specialists predict that the buyers should procure services from suppliers with a wide geographic reach.

Table of Contents

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • PorterÔÇÖs Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models ÔÇô Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

  • AIG
  • Berkshire Hathaway
  • Liberty Mutual
  • Zurich Insurance
  • The Travelers Indemnity Company

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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.

INFORMATION SOURCES

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

DATA ANALYSIS

SpendEdge INSIGHTS

Do you purchase multiple reports in a year? Explore our excititng subscription packages.

GET A FREE QUOTE