Resource Center

Davies announces acquisition of TriPlus as it steps-up North American expansion plans

LONDON, UK – 21 September 2020 – Davies, the leading specialist professional services and technology business, today announces the acquisition of TriPlus Services, Inc., the long term care insurance third party administrator (“TPA”), based in Massachusetts, US. TriPlus provides its long term care carrier clients with claims and policy administration management solutions as well as […]

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TriPlus Services, Inc. to Administer Penn Treaty Long Term Care Business

Hopkinton, MA. – (October 2019) – TriPlus Services, Inc. (TriPlus), a Third Party Administrator (TPA) specializing in the long term care line of business, announces the award by the National Organization of Life & Health Insurance Guaranty Associations (NOLHGA) and LTC Reinsurance PCC (LTC Re) of the contract to administer the Penn Treaty Network America […]

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Rate Increase Approaches Impact LTC Policyholder Behavior

By Raymond Nelson, ASA, MAAA (originally published in The Society of Actuaries’ Long-Term Care News, Issue 46, December 2017)

Premium increases on in-force long-term care (LTC) insurance policies have been a minefield for the LTC industry for nearly the past 20 years. As a company that works closely with LTC insurers, state insurance departments and policyholders, we understand the difficulties that LTC rate increases impose on all parties involved.

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To Build or To Buy: What to Ask When Considering Outsourcing Your LTC Block

When you think about outsourcing the administration of your long-term care insurance block, what holds you back? Do you think no one else can manage it for the same costs – or less – than you do? Are you concerned that no one can do the work as well as your own employees? Are you worried that switching administrative platforms will be complicated and painful?

How can you find a partner that answers all these questions correctly, and who has walked in your shoes and understands the unique challenges you face both strategically and tactically?

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TriPlus Announces the Completion of Onboarding Two New Clients

Framingham, MA – (February 2017) – TriPlus Services, Inc. announces the successful completion of onboarding Catholic Order of Foresters (COF) and the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA), adding two new clients to its roster of full service administration clients. “These new relationships are of great strategic importance to us as […]

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TriPlus Services, Inc. Announces New Chief Commercial Officer

Framingham, MA – (September, 28, 2015) – TriPlus Services, Inc., announces that Laura Moore, has joined the organization as Senior Vice President and Chief Commercial Officer, reporting to Chief Executive Officer Peter Paul Lucas. “Laura brings over 30 years of experience in the Health and Long Term Care Insurance industries to the position,” said Lucas, […]

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Ability Resources Relaunches as TriPlus Services, Inc. and Announces New CEO

New Corporate Brand and Leadership Drive Transformation for Innovative Provider of Administration and Management Solutions for the Insurance Industry Framingham, MA – (November 17, 2014) – Ability Resources, a leading provider of full-service insurance management solutions, today announced a new name for the company – TriPlus Services, Inc. (“TriPlus”) – and on November 10, 2014, […]

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