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LONDON (Alliance News) - The Innovation Group PLC said Tuesday that it had signed a contract with Lloyds Banking Group PLC for its insurance-claims scoping service Innovation Symbility.
The five-year contract will produce GBP7.0 million in revenues for Innovation Group, the company said. Under the contract, Innovation will provide Lloyds and all of the organisations in its domestic-property insurance claims supply-chain with its software.
Shares in the software and services provider were trading up 1.2% at 31.38 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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