The Innovation Group PLC

March 01, 2005 08:57 ET

IBM, TiG Team to Expand Solution Delivery for Insurance


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE INNOVATION GROUP PLC

LSE SYMBOL: TIG

MARCH 1, 2005 - 08:57 ET

IBM, TiG Team to Expand Solution Delivery for Insurance

DANBURY, Conn. & LONDON--(CCNMatthews - Mar 1, 2005) -

IBM and The Innovation Group PLC Have Signed a Five-Year Initiative to
Develop Global Client Delivery Center for Insurance Industry

IBM and The Innovation Group PLC today announced they have entered into
a five-year agreement to create a new joint, client-focused global
delivery center and strengthen client site capabilities. Through this
initiative, IBM and TiG will more tightly coordinate worldwide delivery
capabilities, significantly improving client deployment effectiveness as
well as increasing the availability of process-driven business solutions
for the global insurance industry.

The IBM and TiG relationship will create a delivery environment that
offers global scale and consistency in the implementation and deployment
of TiG Policy and TiG Claims solutions. The Center will use
methodologies and a range of tools from IBM and TiG Professional
Services implementation practices to optimize the delivery of
repeatable, high quality, lower-risk, cost effective solutions on a
worldwide basis.

"The acceleration of our relationship with IBM has been in direct
response to our mutual customers as well as new current prospective
clients for Claims and Policy Administration Solutions in many key
markets," said Ed Ossie, Chief Operating Officer of The Innovation
Group. "The Global delivery center is a meaningful, long term investment
in people, processes and technologies that matter to insurers. We expect
it will leverage and extend our joint capabilities while providing
customers with widespread proof points and confidence in embarking on
transformation strategies."

The new relationship will provide TiG greater depth in sales,
distribution and delivery of solutions that are already supporting
customers in more than six countries. For IBM, TiG represents the first
supplier of vertical solutions to participate in the IBM Global Delivery
model.

"The selection of TiG to our top tier PartnerWorld relationships is an
extension of our strategy to offer business performance transformation
services that feature compelling proven vertical solution capabilities,"
said Mike Adler, IBM's Global Leader for Business Consulting Services
for Insurance. "This will enable our teams to work closely together with
mutually defined delivery standards and provide insurers throughout the
world consistent results based on powerful technology and proven
business processes."

As a part of this agreement, TiG will train IBM's insurance delivery
team on TiG technology and solution capabilities, and the two
organizations will work closely together on accounts from sales through
delivery. The result will be a consistent approach to solution delivery
and a standard of excellence that will lead the industry.

"We encouraged both partners (IBM and TiG) to extend their relationship
and focus on long term impact for our market," said Paul Gelter,
Executive Vice President of Amelia, Ohio-based American Modern Insurance
Group. American Modern, the specialty insurance subsidiary of The
Midland Company (NSD:MLAN) has a clear strategic transformation program
underway, and IBM and TIG are counted as key partners in the process and
outcome.

About The Innovation Group

The Innovation Group (LSE:TiG) delivers profit improvement solutions for
the insurance and associated industries through technology and
specialized business process outsourcing solutions. TiG's policy, claims
and conversion technology solutions are recognized as robust and
advanced, providing efficiency and costs benefits resulting in a 5-to-20
percent profit improvement. TiG technology is proven in many of the
world's leading insurance carriers. For more information, visit
www.tigplc.com.

About IBM Business Consulting Services

With consultants and professional staff in more than 160 countries, IBM
Business Consulting Services is the world's largest consulting services
organization. IBM Business Consulting Services provides clients with
business process, organization optimization and industry expertise, and
the ability to translate those capabilities into integrated, flexible,
on demand business solutions that deliver bottom-line business value.
For more information, visit www.ibm.com/bcs.

About IBM and The Innovation Group

Since 2002, IBM and TiG have worked together to deliver proven business
solutions for insurance carriers that have set worldwide standards for
business value and return on investment. Together they are enabling
clients to realize the benefits of transformational change in core
insurance functions such as Policy Administration and Claims Management,
support that has won multiple customers awards for outstanding
improvements in the industry.

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Contact Information

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    Mason Public Relations
    Wilson Camelo, 203-393-1101
    wcamelo@mason23.com