Last checked at 21 Jan 2015 16:35
21 January 2015
The Innovation Group plc
('Innovation Group' or the 'Group')
Innovation Group Teams with Deloitte to Augment Implementation Services for Core Systems Implementation
The Innovation Group plc (LSE: TIG.L), a global provider of software solutions and business process services to the insurance, fleet, automotive and property industries, has signed an agreement with Deloitte Consulting LLP.
Innovation Group is growing rapidly and already has an established customer base in the property and casualty (P&C) insurance industry which demands ongoing implementation resources of the company's core system solution suite, Innovation Insurer. To supplement the company's flexibility and scalability, Innovation Group will expand on an already successful relationship with Deloitte through this agreement.
"The replacement of legacy core systems - including policy administration, claims and billing - remains one of the most significant puzzles to solve in the insurance industry," said Jasmeet Gill, principal for Deloitte Consulting LLP. "Legacy core systems can be one of the greatest barriers for insurers in designing products, as well as selling and servicing their policyholders. Through this agreement, we can jointly offer an attractive option to our regional insurance clients who are looking at transforming their business."
Innovation Group's solution portfolio provides insurers business insights that can redefine customer relationships, identify new revenue sources, enhance third-party market partnerships and boost internal productivity. Designed specifically for P&C insurers, Innovation Group's policy, claims and analytics solutions offer insurers an integrated suite of software with modules that can be implemented individually or together as part of a broader migration strategy.
"We are very excited to formalize this relationship," said Euan King, CEO North America Insurer Software for Innovation Group. "This agreement will offer Innovation Group's clients a cost-effective way to take advantage of top-notch core system implementation and integration services that Deloitte so skillfully provides."
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About The Innovation Group plc (Innovation Group)
The Innovation Group plc (LSE:TIG.L) is a global provider of business process outsourcing and technology solutions to the insurance, fleet and automotive industries. For more information about Innovation Group or Innovation Insurer, please visit the company's website at www.us.innovation-group.com.
For more information about this release, please contact Jennifer Overhulse of St. Nick Media Services at 859.803.6597 or jen@stnickmedia.com.