What Is a Third-Party Administrator (TPA)?
For traditional property casualty insurers, TPAs often process claims or certain aspects of traditional insurance company functions.
Many insurance companies consider a TPA to be an extension of their claims department. The use of a TPA can also be a cost-effective approach to claims handling, permitting an insurer to lower their cost per claim while still maintaining a high level of claim service.
Routine tasks provided by a TPA include claims handling, communications and management reporting.
If your company is interested in outsourcing your claims processing, let’s talk more about how Pilot can get to work for you.