RNS REACH
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16 May 2011
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The Innovation Group plc
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('Innovation Group' or the 'Group')
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Contract Win
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- Ford UK selects Innovation Group for Accident Claims Management expertise -
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The Innovation Group plc (LSE: TIG.L), a global provider of business process outsourcing and software solutions to the insurance, fleet, automotive and property industries, is pleased to announce a new three year contract with Ford UK, the UK's largest motor company and Britain's best-selling car brand for over 30 years.
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The contract, Innovation Group's first with Ford, will see Innovation Group provide Ford UK with a range of Accident Claims Management services, enabling Ford's repair network to interact effectively and efficiently with all of the accident insurance claims it receives from insurers of new and used Ford vehicles in Britain.? Expected to commence in July 2011, the Group's services will aim to reduce the total cost of claims incurred by insurers of Ford vehicles.
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Welcoming the news Andy Roberts, Chief Executive Officer of Innovation Group commented:
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"I am very pleased to announce this new agreement today which will see us work with one of the largest, most respected names in the UK automotive Industry.? We have strong expertise in the accident claims management area, tried and tested globally by other blue chip names in the sector, and I believe that we will bring to Ford UK a high quality and cost effective service, which will not only benefit Ford but also its customers. We look forward to working with the Ford UK team on this exciting new contract."
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Paul McDermott, Manager, Collision Repair, Ford UK added:
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"We are really excited to be working with Innovation Group on this project and we look forward to delivering a fresh approach to Accident Management which will benefit our customers, our repair network and the Insurance Industry.? Working alongside Innovation Group will not only allow us to work towards reducing the total cost of claims on Ford vehicles but also explore other business opportunities within the automotive sector."
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Enquiries:
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| The Innovation Group plc | Tel: +44 (0) 1489 898 300 |
| Andy Roberts, Chief Executive Officer | |
| Jane Hall, Group Finance Director | |
| Financial Dynamics | Tel: +44 (0) 20 7831 3113 |
| Edward Bridges / Matt Dixon / Tracey Bowditch |
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About Innovation Group:
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 centres, 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, RSA, 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'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?
Source: http://www.investegate.co.uk/article.aspx?id=201105160700126152G
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