Team Internet Regulatory News (TIG)

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5 March 2013

The Innovation Group plc

('Innovation Group' or the 'Group')

Innovation Insurer 7.2 Suite Released

- Enhanced features and capabilities increase the suite's flexibility and time-to-market benefits for users -

The Innovation Group plc (LSE: TIG.L), a global provider of business process services and software solutions to the insurance, fleet, automotive and property industries is pleased to announce the latest release of its award-winning Innovation Insurer software suite: Insurer 7.2.

Innovation Insurer enables insurers to deliver sustainable, profitable growth by allowing them to adapt quickly and convincingly to new business models and new customer opportunities. The new release announced today, builds upon the software suite's existing strengths by adding new features and functions that can help insurers respond even more effectively to changing markets and new customer behaviour.

Building on the software's existing capabilities in personal lines, the expanded capabilities of Insurer 7.2 now also cover the majority of commercial and specialty insurance 'Lines of Business', opening up a much wider customer base to the Group. The new release is also even more flexible and adaptable, enabling users to implement the technology more quickly and thereby get new products and services to market more rapidly. Key benefits to users include a single database for all Policy, Claims and Billing functions as well as a wide range of implementation solutions including being fully hosted in all of the Group's major markets.

This latest incarnation of the software enables Innovation Insurer to maintain its reputation as one of the most effective and comprehensive solutions in its field. Since 2010, Innovation Insurer has been consistently recognised by the industry for its capabilities and business benefits, securing numerous industry awards including four XCelent awards for Technology, Functionality, and Customer Satisfaction; five Celent Model Insurer awards; four Novarica ACE Rankings; and most recently the IBM Beacon Award for Best Insurance Industry Solution.

Andy Roberts, Chief Executive Officer of The Innovation Group, commented:

"The business impact of Innovation Insurer in terms of insight, innovation and performance is significant. Insurers can now increase their market share, improve customer loyalty, drive service excellence and ultimately be more profitable, thanks to the new features in this latest Insurer 7.2 release. Innovation Insurer remains unmatched in its ability to deliver scalable and flexible solutions that can be easily implemented and upgraded as part of a truly 'future-ready' business platform."

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About Innovation Group:

The Innovation Group plc (LSE: TIG.L) is a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries. Innovation Group provides contact centres, repair networks, process management, supply chain and technology operations and decision support analytics to support accident management, repair and estimation and claims management services. Innovation Group has over 800 global clients including AXA, RSA, American Modern Insurance Group, LeasePlan, The Ford Motor Company, Aviva, Toyota and Zurich. The Group processes more than 4 million claims per year with 20 per cent direct claims cost saving achieved. Innovation's 2,300 people are located in the United Kingdom, Australia, Belgium, Canada, France, Germany, Japan, India, Pakistan, South Africa, Spain and United States. www.innovation-group.com