Claims management consultancy Stream has continued its rapid growth since its inception in 2007 with the full acquisition of claims service provider Venturis.

Venturis provides contents claims validation, building repair management, loss adjusting services and engineering and building consultancy. It was previously held in a joint venture between MYI Freemans, Stream and Censeo.

Stream MD Don McKenzie told insuranceNEWS.com.au his company is on track to deliver total claims revenue of more than $100 million next year.

“The latest acquisition is exciting, and is a good fit for our organisation which is driven by innovation and continuous improvement,” he said.