Innovation Group (TIG-LN)

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Pronto Insurance Company Selects Innovation Insurer Suite as Foundation for Future Growth Strategy

FARMINGTON, CT -- (Marketwire) -- 07/18/12 -- 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, is pleased to announce Pronto Insurance Company (Pronto) has selected Innovation Group's Innovation Insurer Suite to replace the company's existing legacy system and to provide a platform for future plans. In addition, Innovation Group will provide hosting services for Pronto.

Pronto will implement the full Innovation Insurer suite including Insurer Policy, Insurer Claims and Insurer Analytics, to support their auto, home and franchise business. Innovation Insurer will provide a business change platform to strengthen Pronto's operations with a strong market presence across Texas. Innovation Insurer will enhance Pronto's strong relationships with multiple distribution channels, including captive agencies, independent agents and franchise locations, by providing them access via portals.

"Our vision of becoming an industry leader and making Pronto products a reality for all will be significantly enhanced by the implementation of the Innovation Insurer platform and our partnership with Innovation Group," said Jorge Barcena, president of Pronto. "In the past, our success and value for our customers and distribution channels has been based on a deep understanding of our customers, competitive pricing, superior claims handling and excellent customer service. Innovation Group stood apart, demonstrating the value of their solutions, their innovative culture and forward-thinking roadmap, and creativeness in providing a compelling proposal that allows small insurers access to industry-leading core insurance solutions. This will allow us to deliver products, service, access and choice to our customers and agents, positioning us competitively to continue our future plans."

Innovation Insurer's breadth and depth of business capabilities and modern technical architecture provide the robust business capabilities, flexibility, speed to implementation and affordability necessary to enable Pronto to grow and compete. The partnership with Innovation Group and use of Innovation Insurer provides a business change platform which will help the company expand and innovate in the future through enhancements that originate from Innovation Group's broad experience with customers in the U.S. and other global markets, providing unique and valuable advantages for businesses, such as Pronto.

"Innovation Group is pleased to launch our relationship with Pronto to help them accelerate their business transformation using the Innovation Insurer suite," said Euan King, CEO North America Insurer Software for Innovation Group. "This new relationship highlights the value and affordability of the Insurer Suite for insurers in North America, regardless of size. With an increasingly competitive market in the U.S., insurers must have a solution that maximizes business capabilities and flexibility while minimizing total cost of ownership. Innovation Insurer is the right solution at the right time for any insurer in the North America market looking to modernize a legacy platform and get better business results."

Pronto, founded in 1997, is an insurance and financial services provider based in southern Texas. The company is committed to providing high value insurance products and financial services with competitive pricing, superior claims handling and excellent customer service.

The Innovation Insurer Suite and each of its components, Insurer Policy, Insurer Claims and Insurer Analytics, were recognized in 2012 with the Celent Model Insurer, VIP, and RAVE Awards, as well as with ACE Rankings and in 2011 with the XCelent, RAVE, VIP and Celent Model Insurer awards, highlighting their business value.

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, 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

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