hero-img1

SOP Manual for Third Party Administration of Insurance and Pension Funds

0 Comments

This article discusses “Third Party Administration of Insurance and Pension Funds and its SOP Manual”. This U.S. industry comprises establishments primarily engaged in providing third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee-benefit plans, and self-insurance funds. The total revenue and annual payroll are $189,895,977,000 and $16,102,082,000 respectively in 2017.

A Third-Party Administrator (TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. An insurance company may also use a TPA to manage its claims processing, provider networks, utilization review, or membership functions.

The North American Industry Classification Systems (NAICS) has grouped services and activities associated with Third Party Administration of Insurance and Pension Funds under the NAICS industry code 524292. The following list shows some activities that are associated with industry 524292,

  • Claims processing services, insurance, third party
  •  Employee benefit plans, third party administrative processing services
  •  Insurance claims processing services, third party
  •  Insurance fund, third party administrative services (except claims adjusting only)
  •  Insurance plan administrative services (except claims adjusting only), third party
  •  Pension fund, third party administrative services
Some of the international association of Third Party Administration of Insurance and Pension Funds:

  •  Associated Third Party Administrators (ATPA).
  •  The Third Party Administrator Association of Canada (TPAAC).
  •  Health Care Administrator Association (HCAA).
  •  Voluntary Employee Benefit Association (VEBA).
  •  Mutual Benefit Association (MBA).
  •  Contribution Institutional Investment Association (CIIA).
International Standard related to this industry:

  •  ISO 9001: 2015
  •  ISO 9001: 2000
  •  ISO 27001L: 2013
  •  ISO 9001: 2008
Few of the World best Companies in this industry are,
Some of the magazines and journals that will keep you track on:


You Tube:
https://www.youtube.com/watch?v=xZcAECrNB6Q  |

Written by SOP Team

Leave a Reply

    Introduction-to-SOP

    Search form

      Categories

      See all

      Growth Is Just One Click Away

      Don't feel like calling? Just share some details about your SOP Requirements & Fhyzics representative will get in touch with you. Schedule A Meeting with our Manager [Consulting & Certifications]