Workers Compensation Insurance Market: Procurement Intelligence, Market Share, Supply Market Forecasts, Cost Drivers, Trends, Category Management Insights Now Available from SpendEdge

LONDON–(BUSINESS WIRE)–#MarketIntelligence–SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Workers Compensation Insurance Market – Procurement Intelligence Report.

A steady decline in the unemployment rate and the prevalence and newer reforms made in the employment-related regulations are directly contributing to the spend momentum of the workers’ compensation insurance market. A decreasing employment rate is increasing the employee count in organizations which, in turn, is increasing the possibilities of major workplace hazards. Apprehensions over a tainted brand reputation following any incidents at workplace, buyers from organizations are procuring workers’ compensation insurance to mitigate the impact. The dynamism and frequent implementation of reforms in labor laws across different regions are further propelling the demand and is significantly contributing to the workers’ compensation insurance market. Download the Free Sample Copy of this workers’ compensation insurance market procurement intelligence report.

In the US, while the creation of new jobs will propel the category demand, the enforcement of the Affordable Care Act will limit the number of buyers opting for workers’ compensation insurance. The free entry of private players in the insurance supply market in North and South America is augmenting the worker’s compensation insurance market share in these regions. However, in Europe, this market will observe a sluggish growth owing to the restricted entry of private enterprises in the worker’s compensation insurance supply market in Europe.

This workers’ compensation insurance market procurement intelligence report offers a comprehensive analysis of the major cost drivers and its subsequent impact on the overall pricing. Current supply market forecasts and the spend opportunities for the suppliers are also offered in this market intelligence report. In this report, the category spend is analyzed from the perspective of the buyers and the suppliers.

Want personalized information? Request Free Customization of the procurement intelligence report on the workers’ compensation insurance market here!

Buyers are advised to opt for local sourcing when their requirements are limited to a specific geography and do not involve the outsourcing of workers’ in a certain region,” says SpendEdge procurement expert Tridib Bora.

This workers’ compensation insurance market procurement intelligence report has estimated that the following cost drivers will influence the category growth in the following years:

SpendEdge is now offering limited-time discounts on report purchases. Buy two reports and get the third one for free.

SpendEdge’s procurement market intelligence reports for the financial services category provide detailed supply market forecasts and information on cost drivers that impact category growth. Such information will help procurement managers as well as the suppliers to determine the total cost of ownership and change their procurement strategies accordingly. Additionally, SpendEdge’s reports provide category management insights and information on the procurement best practices for the category.

Report scope snapshot: Workers’ compensation insurance

US market insights

  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Workers’ compensation insurance market share in the US
  • Interested to know more about the scope of our procurement intelligence reports? Download a FREE sample

Best practices

  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices
  • Want customized information from the workers’ compensation insurance market procurement intelligence report? Get in touch

Category ecosystem

  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power score
  • To view the table of contents of this procurement intelligence report, Download a FREE sample

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal



Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299



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