Definition:

Third-Party Administration

An outsourced arrangement whereby a non-insurance entity is contracted by an employer to process claims and handle multi-billing functions without incurring any of the insurance risks from the insurer or employer.

Contributed By:
Bilyana Savic, PresidentMs. Bilyana Savic, President What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Insurance Insights
Request a Consultation with Ms. Bilyana Savic
Previous - Sub-Prime Mortgage | Browse Full Dictionary | Universal Life Insurance - Next

The GLG Industry Dictionary
is written by GLG Experts.

Apply to become a Council Member