|By Marketwired .||
|June 19, 2014 11:15 AM EDT||
FARMINGTON, CT -- (Marketwired) -- 06/19/14 -- Innovation Group today announced Wolverine Mutual Insurance Company (Wolverine) selected the market-leading Innovation Insurer suite using Innovation Group's SaaS model as part of a company-wide business transformation initiative. This selection follows an extensive evaluation process that led to Wolverine's choice of Innovation Insurer, largely due to the suite's robust functionality and flexible deployment options.
Established in 1917, Wolverine is a regional mutual insurer providing personal insurance in Michigan, Indiana and Wisconsin. Wolverine's commitment to providing a strong financial future for policyholders has been steadfast for nearly a century, and is reinforced by a strong corporate desire to meet changing customer needs and focus on customer service excellence.
"As a regional insurer, our selection of Innovation Insurer, the SaaS deployment model and the strategic partnership we have forged with Innovation Group, provides a foundation for Wolverine to grow the business by offering new products and services that will strengthen our customer and agent relationships," said Jim Laing, CEO of Wolverine. "Innovation Group worked with us to find the right business model that would help us transform our operation to compete in the personal lines market that is becoming so competitive for agents and customers. Innovation Insurer gives Wolverine a modern technology platform to compete from, while strengthening our relationships, introducing new products, gaining business insight through analytics and reinforcing our commitment to service, today and in the future. From the beginning, Innovation Group's partnership approach and their culture of trust and integrity, stood out and was a critical factor to our decision."
"Wolverine's selection of Innovation Insurer highlights the solution's extensive flexibility and robust capabilities that will enable them to be competitive with larger insurers in offering products and services demanded by the market," said Euan King, CEO North America Technology at Innovation Group. "When small or mid-size insurers look to replace their core insurance systems, they expect a solution like Innovation Insurer that has the depth of capabilities they need today, the agility to respond to future demands and the flexibility of a SaaS deployment. The SaaS deployment option offers the tools and technological advantages that larger organizations typically have, but with a lower cost. We are proud to be selected by Wolverine as a partner for the long-term."
Innovation Group's commitment to a product portfolio that delivers distinctive capabilities within a cohesive, comprehensive and configurable platform to enable insurers of all sizes to unleash new ideas, break legacy paradigms and embrace change is highlighted by the company's SaaS offering. Innovation Group's policy, billing, rating, reinsurance, claims and analytics components offers insurers 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. This validation further solidifies Innovation Insurer as a leading future-ready software platform to enable business change, efficiencies, growth and performance for property and casualty (P&C) carriers with any line of business and of any size.
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
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