Overview

IBISWorld’s Claims Management Software Procurement Research Report offers purchasing insight into the Claims Management Software market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Claims Management Software - Recent Price Trend

In the three years to 2017, the price of claims management software has risen at an estimated annualized rate of 1.4% to $80.71 per user per month due mostly to rising demand. However, price growth has been kept in check by decreasing input costs and the high level of market competition, which benefits buyers. The low level of price volatility has also aided buyer power.Rising demand has placed...

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Claims Management Software - Total Cost of Ownership

Claims management software has a moderate total cost of ownership, averaging an estimated 65% of the benchmark price of the software. There are many additional expenses to purchasing cost that buyers should consider. The most influential additional cost for buyers is typically the integration process. For buyers looking to integrate their claims management software with their billing system or...

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About this Report

This report is intended to assist buyers of claims management software. This software, typically used by insurance carriers, tracks and manages insurance claims from client creation and submission to settlement. Claims management software automates the insurance claim process, which helps companies improve the efficiency of the claims process for clients, reduce the occurrence of false insurance claims and cut down on claims management costs. Claims management software can handle life insurance and annuities, commercial property and casualty insurance, homeowners and personal auto insurance and workers compensation insurance. This report does not include insurance claims services, billing management software or insurance brokers.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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