Team Internet Regulatory News (TIG)

18 December 2013

The Innovation Group

("Innovation Group" or the "Group")

Partnership with Wunelli Ltd

The Innovation Group plc (LSE: TIG.L), a global provider of business process services and software solutions to the insurance, fleet, motor and property industries, is pleased to announce a new partnership agreement with Wunelli Ltd ("Wunelli"), the leading telematics enabler for the insurance sector, to develop services for insurers using driving behaviour data to help redefine and add long term value to the claims process.

This global partnership will see the companies develop a service proposition for insurers, utilising Wunelli's expertise in driving behaviour data and The Innovation Group's expertise across every step of the claims process. As part of the partnership, the companies will consult with selected clients and ultimately, the combined proposition will enable insurers to modify their motor claim process in order to make the most of invaluable driving behaviour data.

Wunelli is the leading provider of telematics solutions to the insurance industry, offering insurers unrivalled data capture, validation, enrichment, scoring and distribution capabilities. A number of existing Wunelli insurer clients are already investigating how to enhance the traditional claims process with the crash event data made available via telematics and the partnership with The Innovation Group will offer insurers additional and trusted expertise.

Commenting on the Partnership, Penny Searles MD of Wunelli, said:

"We chose the Innovation Group to be Wunelli's partner because of its superb reputation and market leading position. When it comes to telematics, most insurers are currently focusing on the value it brings from an underwriting perspective. What we're doing with Innovation Group looks beyond this. Together we will enable insurers to apply the knowledge they're gaining to create greater efficiencies in the claims process thereby cutting costs and improving the customer experience."

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

"Innovation Group and Wunelli will be a powerful combined force. The relationship will work in two ways; firstly, we will combine with Wunelli's offering to provide a service that will ultimately enable us to change the claims process, resulting in better efficiencies for our clients. Secondly, Innovation Group will add Wunelli's market leading telematics capabilities to our technology suite to offer either a fully third party administered service or provide insurers with a fully telematics enabled policy and claims processing system."

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About The Innovation Group plc:

Innovation Group (LSE: TIG) is a global provider of insurance software solutions and business process services. With revenues of £204.4m (US$332m) in 2013, it employs over 2,800 people across North America, Europe, Asia Pacific and South Africa and works with 15 of the top 20 global insurance markets, 16 of the top 20 global insurance companies and 3 of the world's top 5 fleet and lease management companies.

www.innovation-group.com