Innovation Group, which provides business process outsourcing and software to insurance, car and property industries, has won a five-year contract with Direct Line Insurance, the UK's largest personal lines insurer.
The contract, which will contribute around £5m to Innovation's revenues over the term, will see Direct Line use Innovation Symbility to process and progress its domestic property insurance claims in order to provide a single, transparent claims experience to its customers.
"This contract win follows a detailed proof of the benefits Innovation Symbility software delivers to all participants in the claims cycle," said Chief Executive Officer Andy Roberts.
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"Providing a SaaS [software-as-a-service] solution on this scale clearly demonstrates our ability to provide leading edge application solutions to the world's largest carriers."
Shares rose 2.47% to 20.75p in mid-morning trade.
NR/BC
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