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Third-Party Administrators & Insurance Claims Adjusters in West Virginia

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WV52429

Third-Party Administrators & Insurance Claims Adjusters in West Virginia industry analysis

The Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xxx locations. Industry employment is expected to decrease an annualized -x.x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Third-Party Administrators & Insurance Claims Adjusters in West Virginia Market Research Report

What’s Included in the Third-Party Administrators & Insurance Claims Adjusters in West Virginia Market Research Report

Definition of the Third-Party Administrators & Insurance Claims Adjusters in West Virginia?

Operators in this industry investigate, appraise and settle insurance claims; provide third-party administration services of insurance and pension funds; and offer insurance advisory and rate-making services. This industry doesn't include companies that primarily provide portfolio management services, sell insurance policies or offer actuarial consulting services.

What’s included in the Third-Party Administrators & Insurance Claims Adjusters in West Virginia?

The Third-Party Administrators & Insurance Claims Adjusters in West Virginia includes investigating, appraising and settling claims, third-party claims processing, third-party insurance and pension fund administration, insurance actuarial services, insurance advisory services, insurance exchanges, insurance loss prevention services, insurance rate-making services, insurance reporting services and medical cost evaluation services. Related terms covered in the Third-Party Administrators & Insurance Claims Adjusters in West Virginia industry report includes the process of investigating, appraising and settling insurance claims to determine the extent of a company's liability, a period of increasing insurance prices as demand for insurance overshoots supply. the supply of insurance depends on insurers' capital position, a period of falling insurance prices as the supply of insurance is greater than demand, which often leads to increased price competition, a company that offers insurance services, including claim adjustment, third-party insurance fund administration, claims processing administration and actuarial, consultancy and advisory services and the number of people older than 18 who don't have health insurance divided by the total number of people older than 18.

Industry Performance of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia

Benchmark the Third-Party Administrators & Insurance Claims Adjusters in West Virginia industry performance with all WV county and national performance.

Third-Party Administrators & Insurance Claims Adjusters in West Virginia

#45 in Highest Revenue 0.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Third-Party Administrators & Insurance Claims Adjusters in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia

See how key industry drivers, such as population, house price index, new business formation, s&p 500, national unemployment rate and number of people with private health insurance are impacting Third-Party Administrators & Insurance Claims Adjusters in West Virginia

West Virginia Economic Indicators

Population
House Price Index
New Business Formation

View more economic information in WV State Economic profile

US Key External Drivers

S&P 500
National unemployment rate
Number of people with private health insurance

For the full list of industry drivers, see report purchase options.

County Data of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia

Access proprietary data on county in the Third-Party Administrators & Insurance Claims Adjusters in West Virginia, such as Kanawha County, Cabell County and Ohio County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia in 2025?

The market size of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia is $253.0m in 2025.

How many businesses are there in the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia in 2025?

There are 402 businesses in the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia, which has been declining at an average annual rate of -2.5% from 2020 to 2025.

Has the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia grown or declined over the past 5 years?

The market size of the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia has been growing at an average annual rate of 0.7% from 2020 to 2025.

How many employees in the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia in 2025?

There are 691 employees in the Third-Party Administrators & Insurance Claims Adjusters industry in West Virginia, which has been declining at an average annual rate of -5.3% from 2020 to 2025.