What Is TPA In Insurance And How Does it Work?

TPA or third-party administrator is an intermediary between insurance companies and policyholders. Writing for Forbes Advisor, BCG’s Snehil Gambhir explains the role a TPA plays as a conduit between both parties while performing operational services that help insurers deliver various services or benefits to policyholders. As coverage and claims volumes increase rapidly in India, TPAs are becoming crucial to provide scale and expertise to a demanding clientele.