A UK-based claims management firm is eyeing expansion into the Australian market, it has been reported.
Validus, which was founded in 2007, is looking to open up an Australian branch of the business sooner rather than later, according to British newspaper The Eastern Daily Press.
“Our strategy is to manage subrogation claims across the world,” Mike Srokowski, chief executive of Validus, told the publication.
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“We are hoping to go live in Australia in quarter one, South Africa in the middle part of the year and we are already up and running in Ireland.”
Validus offers both a managed claims service and a self-service platform and uses software to process approximately 40,000 claims a month, 7,000 in credit hire and 31,000 in subrogated claims in the UK market.
Overseas expansion is set to double the size of the firm, adding almost $10 million (£6 million) to the business.
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