ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered Pakistan’s first third party administrator for health insurance services.
A Third Party Administrator (TPA) is a business unit that through efficient technological processes provides effective claim administration on behalf of insurers.
The SECP had recently issued the Third Party Administrators for Health Insurance Regulations, 2015 for developing health insurance business in Pakistan.
In line with its quest to develop the health insurance sector in Pakistan, the SECP has allowed M/s Tawasul HealthCare TPA (Private) Limited to commence TPA business, the first registered and licensed TPA of Pakistan.
It is understood that the grant of registration to the first TPA company in Pakistan shall pave way for the other interested parties to start TPA business thereby benefitting our health insurance sector manifold through more improved, organized and swift services to health insurance policyholders.
