March 2021

TPA Quarterly Earnings – Q4 2020

Fourth-quarter earnings across our TPA coverage were steady across the board as many of the businesses closed out the year on a positive note heading into 2021. Specifically, Crawford & Company and WNS Global both showed strong upticks in revenue from the previous quarter and plans to grow inorganically through M&A. 

The implementation of technology within the industry will drive growth and demand for technology-led acquisitions as companies will look to implement automation and analytics to set a new wave in the TPA marketplace. Companies will look to use cash on hand to invest in this IT infrastructure as we move into 2021.