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Innovation Group unveils insurance processing platform

18 May 2009  |  2411 views  |  0 Source: Innovation Group

Innovation Group, outsourcing and solutions provider to the global insurance and automotive industry, today launches Innovation Insurer - its next generation insurance processing platform providing insurers with an integrated approach to policy administration, first notice of loss, full claims processing, analytics, fraud and usage based insurance processing.

Specifically designed for the insurance industry, Innovation Insurer(tm) meets the needs of the entire insurance value chain - everything from claims management to 'on-demand' KPI reporting. Innovation Insurer(tm) takes advantage of the latest web-based technologies to deliver a flexible and scalable platform that can be fully integrated with existing legacy systems, work as a stand-alone platform or as a hosted service.

Innovation Insurer(tm) is comprised of three main complementary software products that, separately or together, deliver performance breakthroughs for insurers:

  • Innovation Policy - a comprehensive policy management tool that works from quotation, through to inception and adjustment
  • Innovation Claims - a claims management process suite that allows insurers to maximise their savings and efficiencies and improve service levels
  • Innovation CLEAR - a business intelligence tool that measures effectiveness and profitability through 'on-demand' reporting

The software also allows insurers to design, configure, test and deploy new products in days and weeks rather than months, giving a competitive advantage to companies whose business needs require them to be agile and respond to ever-changing market demands.

Hassan Sadiq, Chief Executive Officer, for the Innovation Group commented: "We are excited by the introduction of Innovation Insurer(tm) into the UK market. The product has already proved a huge success for customers in the US, with a number of orders already placed and we are confident that Innovation Insurer(tm) will make a significant impact on the UK insurance market. In a time when people are increasingly aware of the need for top tier services, Innovation Insurer(tm) has track record for delivering great results."

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