Regulatory Story
Go to market news section View chart   Print
Innovation Group PLC  -  TIG   

Partnership with Xuber

Released 07:00 07-Dec-2012

RNS Number : 9738S
Innovation Group PLC
07 December 2012

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 -




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


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.


This information is provided by RNS
The company news service from the London Stock Exchange

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


Partnership with Xuber - RNS