Transamerica to outsource LTC administration and claims management to LTCG

Transamerica announced that it has entered into an agreement with LTCG, an independent third party administrator, to transfer the administration and claims management of its long term care insurance business line, in the third quarter of 2019. This will enable Transamerica to accelerate the enhancement of its digital capabilities and the modernization of its long term care insurance platform.

LTCG will provide comprehensive third party administration services for Transamerica’s long term care insurance product line including new business, policyholder service, claims processing and care management. LTCG specializes in business process outsourcing for long term care insurance and is a leader in third party administration for long term care insurance in the U.S., serving all of the top 10 insurers in this space.

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