India’s General Insurers Public Sector Association (GIPSA), have shortlisted 9 companies to create a captive joint-venture third party administrator (TPA) to manage their cashless claims services.
GIPSA’s group of four public sector general insurance companies — New India Assurance; United India Insurance; Oriental Insurance and National Insurance; own 80% of India’s cashless claim insurance market.
GIPSA aims to utilise technical support from the proposed joint-venture TPA to control and recover its recent health insurance losses that have resulted from mismanagement of its cashless service claims.
There are currently 9 companies competing for the opportunity to be part of the joint-venture TPA. Aetna is continuously seeking ways of expanding its market globally and this is one of its most recent moves. Other companies looking to become GIPSA’s partners in the captive TPA include United Healthcare, Patni Computers; Coris International; Cambridge Solutions; Lason; and existing TPA’s E-Meditek & Medi Assist.
For more, please refer here
GIPSA’s group of four public sector general insurance companies — New India Assurance; United India Insurance; Oriental Insurance and National Insurance; own 80% of India’s cashless claim insurance market.
GIPSA aims to utilise technical support from the proposed joint-venture TPA to control and recover its recent health insurance losses that have resulted from mismanagement of its cashless service claims.
There are currently 9 companies competing for the opportunity to be part of the joint-venture TPA. Aetna is continuously seeking ways of expanding its market globally and this is one of its most recent moves. Other companies looking to become GIPSA’s partners in the captive TPA include United Healthcare, Patni Computers; Coris International; Cambridge Solutions; Lason; and existing TPA’s E-Meditek & Medi Assist.
For more, please refer here
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