Industry Analysis & Industry Trends
The industry acts as an outsourced claims adjusting and processing service for insurers. The industry also provides services to policyholders in the form of independent third-party validation, or the contesting of evaluations made by assessors employed by the insurers underwriting the policy. Therefore, demand for the industry's services is closely aligned with the level of outsourcing insurers opt to undertake, insurance coverage and the occurrence of insured risks that give rise to the need for assessing damage caused and the level of payouts.
Revenue is expected to increase at a compound annual rate of 3.3% over the five years through 2016-17... purchase to read more
Industry Report - Industry Analysis Chapter
The primary function of the Risk and Damage Evaluation industry is to act as an outsourced or third-party claims adjusting and processing service for insurers. The industry also provides services to policyholders by independently validating or contesting the evaluations by assessors working on behalf of insurers. In addition, risk evaluators help businesses proactively choose an appropriate level of insurance coverage and work to reduce risks to lower their level of insurance coverage required. Given their impartiality in these matters, the industry holds a crucial position in the insurance sector.
The industry's performance is tightly bound to the insurance market. The.. purchase to read more