The claim administration services include general, premises, and product liability, in addition to managing crime and property claims, the company informed the Bombay Stock Exchange.
"This deal is largely due to Cambridge's deep domain expertise. We not only have experience in handling insurance claims, but also in understanding the nuances of the fast food industry. Our expertise with product, premises and general liability claims in this industry, aligned with our technology and benchmark programs for retailers, really set us apart from the competition," Chris Sinclair, executive chairman and CEO, Cambridge Integrated Services, said.
Through the new contract, Cambridge will immediately acquire a definable market-share by managing claims for nearly 1,000 franchise owners with the potential to deliver to over 8,000 locations in the US, it said.
