Innovation Group wins IBM Beacon Award

RNS REACH

28 February 2013

The Innovation Group plc

("Innovation" or the "Group")

The Innovation Group wins IBM Beacon Award

The Innovation Group plc (LSE: TIG.L), a global provider of Business Process Outsourcing ("BPO") and software solutions to the insurance, fleet, automotive and property industries is pleased to announce that the company and its flagship product, Innovation Insurer, were named winner of the 2013 IBM Beacon Award for Best Insurance Industry Solution.

This IBM Beacon Award not only recognises The Innovation Group for the delivery of an innovative solution, but also for setting the standard for technical excellence, industry expertise and the creation of exceptional client experience. The IBM Beacon Awards are an important element of IBM's Business Partner recognition program and winners are selected by leading industry influencers and IBM executives from among hundreds of nominations.

The Innovation Group's award-winning Insurer suite consists of Policy, Claims and Analytics and offers insurers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.

Welcoming the Award, Andy Roberts, Chief Executive Officer of The Innovation Group, commented:

"We are delighted to receive this honor from IBM for Best Insurance Industry Solution. This achievement is a strong validation of our Insurer offering, which allows companies to manage increasingly complex end-to-end insurance processes through one flexible platform. Insurer delivers evident improvements right across the insurance value chain, which enables our clients to drive down costs, improve speed to market and, most importantly, improve customer service and retention."

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About The 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 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