Insurance admin firms in shake-out

The third-party administrator business in insurance is going through a churn, with conflict-of-interest issues hastening stake sales. Bangalore-based TTK Healthcare Services, a leading third party administrator (TPA) is up for sale. Zurich-based Swiss Reinsurance Company, the world's second largest reinsurance company, owns 26 per cent in TTK Healthcare, while the remaining 74 per cent is owned by TTK Group and India Value Funds Advisors, a private equity fund.

More...