📑 Discussion on Insurance Third-Party Administration (TPA)
A Third-Party Administrator (TPA) is an organization or company, often licensed by regulatory bodies like the IRDAI (Insurance Regulatory and Development Authority of India), that provides administrative services on behalf of an insurance company or a self-insured entity (like an employer managing its own health plan).
TPAs act as the operational bridge between the insurer/plan sponsor and the policyholder/insured, handling the day-to-day administrative tasks, allowing the insurer to focus on core functions like underwriting and risk management.
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