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Risk & Damage Evaluation in the UK - Industry Market Research Report

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    Report

  • 40 Pages
  • March 2023
  • Region: United Kingdom
  • IBISWorld
  • ID: 1842532

Damage control: A high demand for industry services is causing revenue to soar in 2022-23

The industry is an outsourced claim adjusting and processing service for insurers. It provides services to policyholders through independent third-party validation or the contesting of evaluations made by assessors employed by the insurers underwriting the policy. Demand for risk and damage evaluation closely follows trends in the level of outsourcing insurers choose to undertake, insurance coverage and the frequency of insured risks. These have all performed strongly in recent years in line with the general insurance industry. So, revenue is projected to swell at a compound annual rate of 2.9% over the five years through 2022-23 to £2.1 billion.

The industry provides insurance administration services, assessing insurance claims made by policyholders and settling claims.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Crawford & Co Adjusters (UK) Ltd
  • Davies Group Ltd
  • Sedgwick International UK

Methodology

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