Innovation signs contract with German insurance group

Innovation Group, a UK-based provider of business process outsourcing, supply chain management and technology solutions, has signed a contract with a German insurance group, which is an association of 11 regional insurance groups.

The contract will see Innovation Group provide a range of accident management services deployable across numerous country-wide operations.

The contract to provide these services will run for three years, commencing July 2009. Revenue is expected to start at E1 million per annum and has the potential to increase to approximately E3 million per annum as the service is rolled out, over time, within the group.

Hassan Sadiq, CEO of Innovation Group, said: "This announcement is an excellent endorsement of our technology and the capabilities of our service. By deploying our solutions one of the largest players in the German insurance market will shortly see significant gains in the ease and efficiency with which it manages these policies and claims."

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