Venbrook Group LLC and Cognizant entered into an insurance claims processing services agreement and partnership the companies say will improve the property/casualty claims process lifecycle, create efficiencies and reduce costs for insurance carriers.
The collaboration with Venbrook, a P/C claims third-party administrator and private insurance brokerage, expands the relationship with Cognizant as a services provider and market partner.
The partnership will include an agentic artificial intelligence-powered TPA claims service, co-developed by both companies, designed to help digitize components of the claims process value chain for carriers.
Under the agreement, Cognizant will provide Venbrook claims processing,