Cambridge Integrated Services, claims and risk management services, subsidiary of Cambridge Solutions, has bagged a contract to handle insurance claims transactions for the Victorian WorkCover Authority (VWA) of Australia.

The Victorian WorkCover Authority (VWA) is an Australian State Government run Workers's Compensation Scheme, with annual revenue in excess of A$1.7 billion. The scheme administers approximately 30,000 claims per annum for the employers in the State of Victoria.

Six authorised contracted agents on an outsourcing basis manage the claims. Cambridge is one of these agents with a 15.3% market share. Cambridge plans to grow its market share to at least 20% over the next three-years.

Cambridge will handle all WorkSafe claims for the 1,400 employees of VWA. "This appointment reflects our extremely high level of expertise in the claims field, and serves as further evidence of our quality, growth and global outreach." said Wesley O' Brien, President, Cambridge Integrated Services.

Source: Business Standard