Global professional services firm Cognizant is the latest Gold Partner of Insurtech Australia (IA), while Genworth, Synpulse and FINEOS have joined as Ecosystem Partners.

Cognizant says it helps insurers in Australia and New Zealand modernise technology, reimagine processes and transform experiences in a fast-changing world.

Cognizant serves the entire range of lines of business within life, annuities, property and casualty insurance and collaborates with insurers to “envision and build the digital insurer of the future,” it says.

FINEOS provides core systems for life, accident and health insurers globally and says it is essential to be close to the creativity and innovation that insurtechs have to offer.

“A partnership approach is a key to ensuring that insurtech is leveraged seamlessly without introducing additional administrative burden on already overloaded insurance portfolios,” it says.

Global professional services company Synpulse says it accompanies clients throughout their transformation journey, from strategy and development to implementation and management. It has more than 700 employees from over 30 countries.

Genworth is the leading provider of lenders mortgage insurance in Australia.