Newton, MA – Tuesday, April 8, 2008 – Innovation Group (LSE:TiG), a global provider of technology-enabled outsourcing and software solutions for the property and casualty insurance industry, has been selected as a component services provider for IBM�s Insurance ISV ecosystem and insurance industry solutions. The announcement was made at IMPACT 2008, IBM�s annual conference focused on systems oriented architecture (SOA) trends and best practices.
The IBM Insurance ISV ecosystem delivers on the business value of SOA based application through industry specialization. �We are pleased to be viewed as an innovator and selected as a participant in this effort after IBM completed the extensive due diligence process on our component business services for Insurance,� stated Andrew Labrot, Jr., chief technology officer, Innovation Group. �Our solutions are SOA-ready to provide earlier return on investment, greater long-term flexibility and increased speed-to-market while integrating easily into IBM�s Component business services architecture. We are committed to transforming the global Insurance market with IBM and our ecosystem partners.�
About Innovation Group
Innovation Group (LSE: – ) provides technology-enabled outsourcing services and software solutions to insurers and other risk carriers through its international network of offices. With more than 2,000 professionals serving the global Property & Casualty insurance market, Innovation Group has an expansive portfolio of proven capabilities for handling the breadth of administrative processes, including software technology for both policy management and claims administration. Innovation Group technology solutions are installed in 11 countries worldwide, and used by more than 25,000 people processing more than 20 million policies and millions of claims annually. The company’s technology solutions can be utilized in connection with the Group’s world-class outsourcing operations or implemented on a stand-alone basis. TIG.LNews
Innovation Group has offices in the United Kingdom, Continental Europe, South Africa, Japan, Australia and North America, and delivers services for some of the largest insurance businesses in the world, including Aviva, Auto Club of Southern California, Ford Motor Company of South Africa, Toyota (South Africa), Halifax General Insurance, The Insurance Australia Group, Jaguar Drive Plan (South Africa) AXA Insurance, Royal Sun Alliance, Sonpo 24 Insurance (Japan) and Zurich (UK). For more information, please visit www.innovation-group.com.