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…)
Archive for the ‘Third Party Administrator’ Category
Selecting the Right TPA
Saturday, April 24th, 2010Why Outsource to a TPA?
Saturday, March 27th, 2010Many insurers, reinsurers, self-insured firms or organizations, or governmental entities of some type elect to contract the handling of claims to an outside party. A firm which agrees to handle claims for a fee of some sort is generally referred to as a Third Party Claim Administrator, typically abbreviated as a “TPA”. (more…)