7th Jan 2014 08:47
LONDON (Alliance News) - The Innovation Group PLC Tuesday said it has renewed its contract with CIS General Insurance Ltd for a further two years, adding it hopes the contract will deliver GBP7 million in revenue over the period.
The contract will see the Innovation Group, which provides business process services and software solutions to insurance firms, manage CIS' subsidence claims through its subsidence management services business. Ground subsidence causes damage to house foundations.
Last month, Innovation Group said it expects to see further growth in 2014, as pretax profit in the year to September 2013 jumped 22% to GBP14.4 million.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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