Outsourcing the handling and administration of claims may not be the right strategy for every organization, but can be a sound business decision in many cases. There are a number of key issues that any insurer, reinsurer, Program Manager, MGA, self-insured, or other principal should consider when selecting a claim TPA, and these naturally vary considerably depending on the individual circumstances. While price is probably the first and foremost factor generally taken into account, there are other variables that can be critical and should not be overlooked. (more…)