SOURCE: Innovation Group

Innovation Group

September 07, 2011 11:53 ET

Nationwide Indemnity Selects Insurer Pyramid

FARMINGTON, CT--(Marketwire - Sep 7, 2011) - The Innovation Group plc (Innovation Group), a global provider of business process outsourcing (BPO) and software solutions to the insurance, fleet, automotive and property industries, today announced Nationwide Indemnity, a wholly-owned subsidiary of Nationwide Mutual Insurance Company, has selected the new Insurer Pyramid version 3.1 solution.

Selected following an extensive evaluation process, the implementation of Insurer Pyramid at Nationwide Indemnity, and the ten-year relationship with Innovation Group, will allow the company to more easily stay in sync with changing technology by leveraging the solution's flexible capabilities to successfully manage long-term exposure claims. The implementation of Insurer Pyramid will include data conversion, utilizing Innovation Group's conversion tools. Insurer Pyramid is a functionally-rich, rules-based workers' compensation core administration solution with extendibility to other commercial lines.

"We are honored to continue our relationship with Nationwide Indemnity through their decision to upgrade to Insurer Pyramid," said Euan King, CEO North America Insurer Software. "This selection highlights the business value of Insurer Pyramid, as well as the importance of a strategic partnership approach based on collaboration and mutual trust."

Based on a .NET platform, Insurer Pyramid supports comprehensive, real-time payment processing, mitigates exposure, capitalizes on recoveries and reduces unnecessary loss pay out through accurately captured legal case data, automated reserve worksheets, analytic reporting, loss control/survey tracking, and fraud determination rule processing.

About The Innovation Group plc:
The Innovation Group plc (LSE: TIG.L) is a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries. Innovation Group provides contact centers, repair networks, process management, supply chain and technology operations and decision support analytics to support accident management, repair and estimation and claims management services. Innovation Group has over 800 global clients including AXA Insurance, RSA, Encompass, Esurance, Hertz, CNA, Main Street America Group, American Modern Insurance Group, LeasePlan, The Ford Motor Company, Aviva, Toyota and Zurich. The Group processes more than 4 million claims per year with 20 per cent direct claims cost saving achieved. Innovation Group's 2,300 people are located in the United Kingdom, Australia, Belgium, Canada, France, Germany, Japan, India, Pakistan, South Africa, Spain and United States. www.innovation-group.com

Contact Information

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