Innovation Group, a global provider of software solutions and business process services to the insurance, fleet, automotive and property industries, has signed an agreement with Deloitte Consulting.
Innovation Group is growing rapidly and already has an established customer base in the property and casualty (P&C) insurance industry which demands ongoing implementation resources of the company’s core system solution suite, Innovation Insurer.
To supplement the company’s flexibility and scalability, Innovation Group will expand on an already successful relationship with Deloitte through this agreement.
"The replacement of legacy core systems — including policy administration, claims and billing — remains one of the most significant puzzles to solve in the insurance industry," said Jasmeet Gill, principal for Deloitte Consulting.
"Legacy core systems can be one of the greatest barriers for insurers in designing products, as well as selling and servicing their policyholders. Through this agreement, we can jointly offer an attractive option to our regional insurance clients who are looking at transforming their business."
Innovation Group’s solution portfolio provides insurers business insights that can redefine customer relationships, identify new revenue sources, enhance third-party market partnerships and boost internal productivity.
Designed specifically for P&C insurers, Innovation Group’s policy, claims and analytics solutions offer insurers an integrated suite of software with modules that can be implemented individually or together as part of a broader migration strategy.
"We are very excited to formalize this relationship," said Euan King, President North America Software Business for Innovation Group. "This agreement will offer Innovation Group’s clients a cost-effective way to take advantage of top-notch core system implementation and integration services that Deloitte so skillfully provides."