14th Oct 2014 07:52
LONDON (Alliance News) - The Innovation Group PLC Tuesday said it has won a new contract with the Australian arm of an unnamed Tier 1 global insurance company.
Under the deal, Innovation will provide end-to-end personal lines claims management services. It said the contract will generate revenue of around GBP1.2 million over the initial two-year term. The contract is due to start in December.
"This is an excellent, strategic win for us for two reasons. First, it proves our ability to leverage our experience in both property and motor claims. Second, it proves yet again our ability to win the trust and partnership of the largest, tier 1 providers wherever we operate," said Innovation Chief Executive Officer Andy Roberts.
Innovation shares were trading flat on Tuesday, quoted at 25.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Team Internet