Innovation wins contract with Direct Line
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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Investors should buy into the nuclear power renaissance – Merryn Somerset Webb
Opinion A new golden age for nuclear power is upon us, says Merryn Somerset Webb
-
ETFs are getting active - is your portfolio ready?
Active ETFs are on the rise, challenging old assumptions. Find out why more investors are choosing this transparent, liquid and tax-efficient fund structure as an active investment strategy.