/ BLOG –ย 

What is TPA in Marine?

Looking for a partner who can handle your #marineclaims from the ground up? Thatโ€™s a Third Party Administrator (TPA) for you!

๐Ÿ‘‰ ๐—ช๐—ผ๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐˜„๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—ฎ ๐—ง๐—ฃ๐—”?
A TPA is an ๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ป๐˜ ๐—ผ๐—ฟ๐—ด๐—ฎ๐—ป๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป that helps insurers, brokers or companies to process claims under a marine insurance policy.

In other words, if you wish to outsource some steps of your claims process, ๐˜๐—ต๐—ฒ ๐—ง๐—ฃ๐—” ๐˜„๐—ถ๐—น๐—น ๐—ฎ๐—ฐ๐˜ ๐—ผ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐—ฒ๐—ต๐—ฎ๐—น๐—ณ. As if it were a bridge between you and the policyholder.

๐Ÿ‘‰ ๐—ช๐—ต๐—ฎ๐˜ ๐—ฐ๐—ฎ๐—ป ๐—ฎ ๐—ง๐—ฃ๐—” ๐—ฑ๐—ผ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ณ๐—ฎ๐—ฐ๐—ฒ ๐—ผ๐—ณ ๐—ฎ ๐—บ๐—ฎ๐—ฟ๐—ถ๐—ป๐—ฒ ๐—ฐ๐—น๐—ฎ๐—ถ๐—บ?
Anything and everything! TPAs offer ๐—ฒ๐—ป๐—ฑ-๐˜๐—ผ-๐—ฒ๐—ป๐—ฑ ๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐˜€ ๐—ต๐—ฎ๐—ป๐—ฑ๐—น๐—ถ๐—ป๐—ด:

  • First notice of loss
  • Data analysis
  • Legal counsel
  • Survey coordination
  • Loss adjustment
  • Claim mitigation & salvage
  • Recovery


In a nutshell, your TPA can deal with every step leading to your marine claim settlement, from A to Z.

๐Ÿ‘‰ ๐—ช๐—ต๐˜† ๐—ผ๐˜‚๐˜๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—บ๐—ฎ๐—ฟ๐—ถ๐—ป๐—ฒ ๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐˜€ ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜?
Thousands of ships travel across the globe every year. So, when things go awry, it may well be on the other side of the worldโ€ฆ with the challenges this poses when it comes to claims handling.

From where you are, you may lack:

  • On-site operational control
  • Staff to handle marine claims on a global scale
  • Understanding of the jurisdiction governing the claim

You may overcome these and other stumbling blocks by relying on a third party to handle your claim.

๐Ÿ‘‰ ๐—›๐—ผ๐˜„ ๐—ฐ๐—ฎ๐—ป ๐˜†๐—ผ๐˜‚ ๐—ฏ๐—ฒ๐—ป๐—ฒ๐—ณ๐—ถ๐˜ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ต๐—ถ๐—ฟ๐—ถ๐—ป๐—ด ๐—ฎ ๐—ง๐—ฃ๐—”?
TPAs offer white-labelled claims management. They reflect your image and values to your insureds, as if they were a member of your own staff. Meanwhile, youโ€™ll ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ป๐—ฎ๐—น ๐—ฟ๐—ฒ๐˜€๐—ผ๐˜‚๐—ฟ๐—ฐ๐—ฒ๐˜€ and ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฒ๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฒ๐—ป๐—ฐ๐˜†.

By outsourcing, youโ€™ll be on your way to:
๐ŸŽฏ Enhancing your customersโ€™ claims journey
๐ŸŽฏ Improving settlement speed
๐ŸŽฏ Driving down indemnity spend
Furthermore, since they can offer end-to-end claims solutions, youโ€™ll have a ๐—ผ๐—ป๐—ฒ-๐˜€๐˜๐—ผ๐—ฝ-๐˜€๐—ต๐—ผ๐—ฝ ๐—ณ๐—ผ๐—ฟ ๐—ฎ๐—น๐—น ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—น๐—ฎ๐—ถ๐—บ๐˜€ ๐—ป๐—ฒ๐—ฒ๐—ฑ๐˜€. This leads to streamlined reporting and, most importantly, peace of mind. Both for you and your insureds.

We are Claimar, your Third Party Administration (TPA) management partner, skilled and expert in marine services.

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