The Innovation Group announces the latest release of itsInnovation Insurer Suite, a platform that enables business change,responsiveness, growth and profitability through insight,innovation and performance for property & casualty insurerswith any line of business and size.

Innovation Insurer Suite includes Insurer Policy, InsurerClaims, Insurer Configurator, Insurer Billing, Insurer Rating,Insurer Reinsurance and Insurer Analytics.

"P&C insurers of all sizes are increasingly looking atreplacement of core systems with a pre-integrated software suite asa platform for growth, transformation and innovation," said CraigWeber, CEO of industry analyst firm Celent. "These solutions meetthose needs. Innovation Insurer's expansion to support all lines ofbusiness also significantly improves the offering, as multi-productsolutions are becoming more important to insurers looking tomodernize their core systems."

New business capabilities and value include:

• Full Personal, Commercial and Specialty LinesCapability: Expanded support across the suite for allLOBs, including pre-configuration for personal andcommercial—including BOP—to help get products to market faster andspeed initial implementation.
• Product Innovation: An innovative genericproduct framework that provides a foundation to rapidly developnew, ground-breaking products for any LOB with the dynamic,user-friendly product management Insurer Configurator toolset,enabling first-mover market penetration.
• Enhanced Rating Capabilities: Robust, expandedrating methods to allow blanket rating, experience rating andschedule rating that supports micro-rating demonstrated with animplementation of 750,000 rating factors for auto.
• Policy Management: Streamlined BinderIssuance; new location capture screen utilizing third-partymapping; new audit adjustment process; ability to dynamicallycapture coverage; additional data and expanded policyanalytics.
• Claims Management: Enhanced specialinvestigative unit (SIU) management; improved fatality and bodilyinjury (BI) management; view policy level coverages for claims;enhanced financial balancing reports with claims transactions; andout-of-the-box fraud analytics.
• Expanded Analytics: Tablet touch dashboardinterface; policy and claims consolidated analysis; support for SQLServer 2012; and advanced insurance analytics with greater "whatnext" and guidance linking analysis together and extending "whatif" analysis for specific business scenarios.
• Enhanced Usability: Enhanced screen designs toreduce navigation; expanded pre-configured screens/capabilities tospeed implementation.
• Robust Configuration: Expanded configurationcapabilities, including dynamic screen build, modify screen flowthrough a graphical flowchart feature and ability to define acommercial or generic LOB, and Extended Field Support to allow newattributes to be added to the database, but still be accessible forprocesses such as rating and analytics.
• Upgradeability Ease: Enhanced tools in InsurerConfigurator that enable flexibility, ease, accuracy, and speed ofupgrades to minimize resources and cost.
• Quantifiable Lower Total Cost of Ownership (TCO) andAffordability: Expanded OOTB and pre-configuredcapabilities to speed and decrease the cost of implementation andupgradeability for insurers.

"The business impact of Innovation Insurer in terms of insight,innovation and performance is significant," says Andy Roberts,Global CEO, Innovation Group. "Insurers can increase their marketshare, improve customer loyalty, drive service excellence andultimately be more profitable. Innovation Insurer can be easilyimplemented and upgraded as part of a truly 'future-ready' businessplatform."

"We believe it's the right solution delivered at the right timeto help P&C insurers not just respond to market demands butinnovate, enable options, and grow," says Euan King, CEO NA InsurerSoftware. "Innovation Group's growing customer base of insurersreflects the business value of Innovation Insurer, enablinginsurers of all sizes with a powerful, comprehensive, andinnovative integrated P&C software suite."