PSU insurers to appoint third party administrator
Four public sector insurers - New India Assurance, United India Insurance, Oriental Insurance and National Insurance Company - are looking at jointly setting up a common ‘third party administrator’ for servicing clients better.
By ET Bureau |
Four public sector insurers ��� New India Assurance, United India Insurance, Oriental Insurance and National Insurance Company ��� are looking at jointly setting up a common ���third party administrator��� for servicing clients better, besides achieving a sustainable and competitive position in the health insurance segment, reports Debjoy Sengupta in Kolkata.
���The options being looked at include the establishment of a common company to process health insurance claims. A subsidiary or a model based on PPP or a joint venture could help them in achieving effective and better control over data, pricing, incurred claim ratio and in providing the best services to the health insurance policyholders,��� said a senior official at General Insurance Council, which is a representative body of insurers.
Confirming the development, New India Assurance chairman B Chakraborty said: ���The initiative is being spearheaded by the General Insurers (Public Sector) Association of India (GIPSA).
���The options being looked at include the establishment of a common company to process health insurance claims. A subsidiary or a model based on PPP or a joint venture could help them in achieving effective and better control over data, pricing, incurred claim ratio and in providing the best services to the health insurance policyholders,��� said a senior official at General Insurance Council, which is a representative body of insurers.
Confirming the development, New India Assurance chairman B Chakraborty said: ���The initiative is being spearheaded by the General Insurers (Public Sector) Association of India (GIPSA).
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