Latest Release Expands Capabilities for Commercial Lines, Including Pre-Configured Business Owners Policies (BOP) and a New Generic Line of Business (LOB) Enabling Product Innovation and Implementation Speed
FARMINGTON, CT--(Marketwire - Feb 20, 2013) - The Innovation Group plc (Innovation Group) today announced the latest release of the company's award-winning Innovation Insurer Suite, which includes Insurer Policy, Insurer Claims, Insurer Configurator, Insurer Billing, Insurer Rating, Insurer Reinsurance and Insurer Analytics. The new release solidifies Innovation Insurer as a leading platform to enable business change, responsiveness, growth and profitability through insight, innovation and performance for property and casualty (P&C) insurers with any line of business and size.
"P&C insurers of all sizes are increasingly looking at replacement of core systems with a pre-integrated software suite as a platform for growth, transformation and innovation," said Craig Weber, CEO of industry analyst firm Celent, a division of Oliver Wyman. "These solutions meet those needs. Innovation Insurer's expansion to support all lines of business also significantly improves the offering, as multi-product solutions are becoming more important to insurers looking to modernize their core systems."
New business capabilities and value include:
"The business impact of Innovation Insurer in terms of insight, innovation and performance is significant," said Andy Roberts, Global CEO, Innovation Group. "Insurers can increase their market share, improve customer loyalty, drive service excellence and ultimately be more profitable. Innovation Insurer is unmatched in its ability to deliver scalable and flexible solutions that can be easily implemented and upgraded as part of a truly 'future-ready' business platform."
"We believe it's the right solution delivered at the right time to help P&C insurers not just respond to market demands but innovate, enable options and grow," said Euan King, CEO NA Insurer Software. "Innovation Group's growing customer base of innovative and forward-thinking insurers reflect the business value of Innovation Insurer, enabling insurers of all sizes with one of the most powerful, comprehensive and innovative integrated P&C software suites available today."
Innovation Group's commitment to a solution portfolio that delivers distinctive capabilities within a cohesive, comprehensive and configurable solution to enable insurers to unleash new ideas, break legacy paradigms and embrace change is highlighted in this release. Innovation Group's award-winning policy, claims and analytics software offers insurers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.
Innovation Insurer has been recognized in 2010, 2011, 2012, and 2013 with four XCelent awards for Technology, Functionality, and Customer Satisfaction in the 2011 Celent PAS Personal Lines and Commercial Lines reports, five Celent Model Insurer, three VIP award, two RAVE awards and four Novarica ACE Rankings.
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Innovation Group
Jennifer Overhulse
St. Nick Media Services
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jen@stnickmedia.com