Bupa Arabia to offer third-party administration services to Aramco

Bupa Arabia for Cooperative Insurance Co. (Bupa Arabia) on Monday signed a third party administration (TPA) services agreement with Saudi Aramco, it said in a statement to Tadawul.

Under the agreement, the company will provide TPA services to Aramco employees, retired employees, and their dependents, as per the specific terms and conditions of the agreement, effective March 1, 2018.

The agreement is expected to have a positive impact on its financials, the insurer said.