Welcome!

News Feed Item

Innovation Group Announces Release of New Version Innovation Insurer Suite

Enhanced Version of Insurer Suite Features Expanded Customer Engagement, Embedded Analytics and Speed to Implementation Capabilities

FARMINGTON, CT -- (Marketwired) -- 01/08/14 -- Innovation Group is pleased to announce the latest release of the market-leading Innovation Insurer suite for property and casualty (P&C) insurers which includes Insurer Policy, Insurer Claims, Insurer Configurator, Insurer Billing, Insurer Rating, Insurer Reinsurance and Insurer Analytics.

The new release of Innovation Insurer features enhanced support for integrated multi-channels, embedded analytics capabilities, and provides greater agility through alternative deployment options. Many of Innovation Group's existing insurer customers have selected Innovation Insurer, or multiple components, using on-premise, hosted or SaaS deployment for the flexibility and robustness of the suite.

"Insurers continue to require business capabilities that leverage a customer-centric solution design to help them transition from a product-based to an integrated multi-channel environment underpinned by customer choice and experience," said Mike Fitzgerald, senior analyst for Celent. "Additionally, they need alternative deployment options, including hosted, SaaS and BPaaS, to help them compete and respond to today's every-changing insurance market."

Innovation Insurer includes a number of new capabilities that create significant value for business users, but also in the areas of implementation and ongoing support. Highlighted key areas of business value include:

  • Speed to Implementation and Lower Total Cost of Ownership (TCO): Expanded pre-configured industry interfaces; a generic framework for all interfaces; and pre-configured model office scheme setup for multiple states and lines of business.
  • Policy Management: Enhanced agency management; multi-line discounts; statistical onsets and offsets; client management and communications; bulk location load; multi-state support; create dynamic questionnaires; and event moratorium.
  • Claims Management: Enhanced ISO claims reporting; risk level deductibles; bodily injury for property; and process claim for unlisted policy vehicle.
  • Business Intelligence and Analytics: Expanded client centric analysis; refined dashboard definition and filtering; and further embedding into Insurer Policy and Claims.
  • Enhanced Usability: Enhanced UI for ease of use; lookup functionality; enhanced tree performance on load of dynamic content; and multi browser support.

"This release emphasizes our focus on enabling insurers be future-ready," said Andy Roberts, Group CEO, Innovation Group. "While replacement and transformation are a critical first step, what will help insurers stand-out in the competitive P&C insurance markets around the world is a commitment to a strong, unique customer experience foundationally supported by a solution like Innovation Insurer that will offer insurers a platform for real competitive advantage, innovation and growth."

"Our continued innovation and improvements to Innovation Insurer provide insurers of any size a platform to deliver valuable change and business improvement in a rapidly changing and challenging P&C insurance market," said Euan King, CEO, Innovation Insurer Group - US & Canada, Innovation Group. "In particular, our flexible pricing and deployment options offer an opportunity for start-up, small or mid-size insurers a platform to level the competitive playing field and strengthen their commitment to excellent customer service."

Innovation Group's product portfolio consistently delivers distinctive capabilities within a cohesive, comprehensive and configurable platform to enable insurers to break legacy paradigms and embrace change. Innovation Insurer is an integrated suite of software which can be implemented as individual modules or as part of a broader migration strategy. Innovation Insurer's modern technology platform and advanced functionality has been repeatedly recognized by insurance industry awards and customers, as well as analysts.

About The Innovation Group plc:
The Innovation Group plc (LSE: TIG.L) is a global provider of business process outsourcing and technology solutions to the insurance, fleet and automotive 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 Insurance, RSA, Encompass, Esurance, Hertz, Main Street America Group, 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 Group'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

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Innovation Group
Jennifer Overhulse
St. Nick Media Services
+1 859-803-6597
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...