Innovation Group, a provider of enterprise software and networkmanagement solutions to the property/casualty industry, hasannounced the release of its insurance processingplatform--Innovation Insurer.

Input from key customers, business partners, and industryanalysts was provided during the research and development effortbehind Innovation Insurer. The company gained insight on thesolution from business users in their own BPO operations, whichprocess more than 3.5 million claims per year for customers aroundthe world. Innovation Insurer employs service-oriented architectureto allow insurers and their customers access to processingcapabilities via internal systems as well as online.

Innovation Insurer has functionality built in to enablecustomers to:

Reduce upfront time and cost associated with installing newsystems.

Roll out products faster to satisfy policyholderexpectations.

Enable greater business agility with minimal IT involvement andsignificantly reduced risk.

"We recognize one size, one system, one solution does not fitall," says Eric Wadsworth, CEO of Innovation Group, North America."Innovation Insurer provides a solution portfolio that can addresscarriers' immediate pain points while providing a stable platformfor growth. Today they might need to cut costs associated withmaintaining redundant legacy systems. Tomorrow they may look atreplacing billing or perhaps the entire policy system. InnovationInsurer allows them to do all this with zero businessinterruption."