|
Fidelity National Title Group Implements Innovation Group's Insurer Analytics
FARMINGTON, CT, Feb 14, 2012 (MARKETWIRE via COMTEX) --
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, today announced
Fidelity National Title Group (FNTG) successfully implemented Insurer
Analytics as part of phase one of the company's strategic initiative
to automate and digitize the claims process in less than three
months. FNTG's parent company is listed on the NYSE.
Implementation of Insurer Analytics was accomplished on time and on
budget, highlighting the value of the solution's flexible framework,
data model, robust ETL process and insurance-specific KPIs and
metrics as compared to other analytics solutions. The initial
implementation aligned Insurer Analytics with data from FNTG's legacy
claims solution to provide "real and right time" and "train of
thought" analysis and dashboard reporting. Implementation of Insurer
Analytics is a strategic step in providing a data and information
management framework to derive business intelligence and insight.
Industry research continues to highlight the business priority of
analytics to help improve insurers' business operations through
improved intelligence and insight. FNTG's implementation establishes
a long-term business information framework using Innovation Group's
insurance-specific analytics solution that enabled:
-- Business Agility - Quick, fast, accurate decisions based on quality
information help insurers respond to customer demands and navigate an
ever-changing business environment.
-- Performance Profitability - Managing the business from products,
customers, distribution channels to partners across the entire
operational value chain to ensure both top and bottom line exceptional
results.
-- Empower the Business - Easy to use, accurate and intuitive solutions
enable business users and translate to high adoption.
-- One Version of the Truth - A single, insurance-specific data model
provides a robust, single data management platform to ensure all
decision-makers have the same actionable information.
"We are delighted that FTNG's implementation of Insurer Analytics has
provided a strategic framework and immediate business value to their
operations," said Euan King, CEO North America Insurer Software, at
Innovation Group. "Our belief is that any analysis should transform
data into relevant and actionable information that can be rapidly
delivered where it counts, to people with the knowledge to do
something about the trends and issues uncovered. FTNG's
implementation of Insurer Analytics highlights this transformative
and operational value."
Insurer Analytics uniquely provides business intelligence (BI),
dashboard reporting, real-time analytics and management reporting to
assist in managing the business of insurance. The extensive
configuration, robust insurance data model, broad out-of-the-box BI
and dashboard reporting specific to insurance will provide real-time
analysis and reporting critical for insurers. Insurer Analytics has
been recognized with a 2011 Celent Model Insurer and 2011 VIP award.
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,
Esurance, 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
Contact:
Innovation Group
Jennifer Overhulse-King
St. Nick Media Services
+1 859-803-6597
Email Contact
SOURCE: Innovation Group
http://www2.marketwire.com/mw/emailprcntct?id=046AC251DCE1BAC1
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
