Cognizant Technology Solutions (CTSH) Announces a New Partnership with Venbrook Group

​Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the Most Undervalued Growth Stocks to Buy According to Hedge Funds. On September 17, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) and Venbrook Group announced a new strategic partnership to improve the insurance claims process for property and casualty carriers.

​Management noted that the collaboration focuses on creating a more efficient and cost-effective claims lifecycle environment. Venbrook is a fast-growing P&C claims third-party administrator with a nationwide network of licensed adjusters, whereas Cognizant Technology Solutions Corporation (NASDAQ:CTSH) brings advanced AI technology to the table.

Together, the companies are developing an innovative, AI-powered TPA claims solution. This solution uses agentic AI to handle complex tasks and orchestrate workflows. Moreover, it also uses generative AI to assist with customer communications and compliance. The goal is to digitize key parts of the claims process to meet growing market demands. The TPA market is projected to reach $795 billion by 2032, thereby highlighting the significance of this collaboration.

​Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a global company that helps businesses modernize through technology and consulting services.

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Disclosure: None. This article is originally published at Insider Monkey.