Insurer Configurator Features Backward Compatability with all Versions of Innovation Insurer and Facilitates Transition to Newer Versions
27 March 2012 – The Innovation Group plc (Innovation Group), a global provider of business process outsourcing (BPO) and software solutions to the insurance, fleet, automotive and property industries, today released Insurer Configurator, a new component of the Innovation Insurer suite.
Insurer Configurator is a suite of programs and services, along with a configuration toolset, that allows insurers to create, maintain, support and control the deployment of configuration information for the Innovation Insurer suite of products. Insurer Configurator is backward compatible, enabling the decoupling of business logic from insurance applications, thereby significantly reducing deployment time through extensive use of inheritance.
“Insurer Configurator is a critical component of the Innovation Insurer suite, breaking legacy history with a robust, ‘built for change’ set of tools that will enable agility and flexibility across a wide array of areas, shifting control and work from IT to the business and providing robust configuration to eliminate the need for customization,” said Andy Roberts, CEO of Innovation Group. “Insurer Configurator is a key element in our ‘Rule of One’ design, providing a single data model, rules engine, process engine and configuration toolset. More importantly, it will help facilitate transition from older versions of Insurer while providing immediate business value.”
Insurer Configurator has been used to support large scale projects with, complex product configurations, in multiple companies across a variety of distribution channels utilising a SaaS deployment model. The configuration lifecycle and areas of configuration are managed by Insurer Configurator, and tightly controlled using the work-package and release management capabilities providing source control style functions with full audit-ability across the system.
Insurer Configurator features industry-leading functionality and delivers business value through:
- Compliance and Risk Management: Full audit-ability across the system for changes and data, different brands or companies to support Sarbanes Oxley (SOX) and other regulation.
- Business Agility: Respond quicker to market changes, M&A, distribution options, new products, product changes, market growth opportunities and customer demands with the robust, flexible configuration.
- Work-Package Management: All changes are made against a work-package that controls what is changed, by whom, with versioning automatically controlled and a full history maintained.
- Release Management: When implementing configuration changes, the tool provides the mechanism to select individual changes for release and identifies any dependencies between work packages to ensure consistency and accuracy.
“With this launch, we are adding a new component to the Innovation Insurer suite, where each of the components, Insurer Policy, Insurer Claims and Insurer Analytics, were recognised in 2011 with the XCelent, RAVE, VIP and Celent Model Insurer awards, highlighting their business value,” said Roberts.
About Innovation Group
The Innovation Group plc (LSE:TIG.L) is a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries. Innovation Group provides contact centers, 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 Insurance, RSA, Encompass, Hertz, CNA, Main Street America Group, 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 Group�s 2,300 people are located in the United Kingdom, Australia, Belgium, Canada, France, Germany, Japan, India, Pakistan, South Africa, Spainand United States. www.innovation-group.com