Last checked at 7 Dec 2012 07:00
7 December 2012
The Innovation Group plc
('Innovation Group' or the 'Group')
Innovation Group partners with Xuber, an Xchanging company
- Xuber incorporates Innovation Group's analytics solution into its software platform -
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, has agreed a new partnership with Xuber, the insurance software specialist.
The partnership, which will run for five years, will see Innovation Group's analytics solution being incorporated into Xuber's software platform to enable the London market and the international commercial insurance community to make more information-based business decisions.
Innovation Group's Analytics software provides a powerful business intelligence platform that combines rapid headline reporting with the ability to identify individual records in order to help businesses highlight specific efficiency or claims cost leakage issues faster and more effectively. With the right data it can also help companies identify their most profitable business segments, generating significant opportunities for extra revenue.
Xuber, Xchanging's insurance software business, provides commercial insurance software to over 130 customers around the world.
Commenting on partnership agreement, Innovation Group CEO Andy Roberts said:
"This partnership will enable both our companies to explore new revenue opportunities that are mutually beneficial, while also driving new value to our customers. Whilst we both operate in the insurance market there is little overlap between our software products and services. It means we can combine our knowledge and expertise to really focus in on what the customer needs."
- Ends -
Enquiries:
The Innovation Group plc | Tel: +44 (0) 1489 898 300 |
Andy Roberts, Chief Executive Officer Jane Hall, Group Finance Director Louise Fisk, Head of Communications, PR & Marketing
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FTI Consulting | Tel: +44 (0) 20 7831 3113 |
Edward Bridges / Matt Dixon / Tracey Bowditch |
About Innovation Group:
The Innovation Group plc (LSE: TIG.L) is a global provider of business process services 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
www.xuber.com
www.xchanging.com