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Contract Wins and Joint Ventures

Innovation Group says new software contract

12 May 2015 07:32

The Innovation Group has secured a new client win with a leading European insurance company. This contract represents the second software contract to be secured in FY15 following the previous contract win announced on 1 April 2015.

The contract, which falls within the Group's Insurer Business (Software) division, commences with immediate effect and is valued at £4.75m with £2m being recognised over the next 12 months.

Under the contract, Innovation Group will deliver its Insurer Claims and Insurer Analytics solutions.

Insurer Claims is an award-winning solution allowing insurers to reduce indemnity spend, lower operational costs, enhance customer service, and provide effective supply chain, catastrophe and fraud management.

Insurer Analytics is an integrated data mastery solution for insurers providing at-a-glance executive dashboards, comprehensive insurance-sector analytics, and pre-built and user-configurable metrics.

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