Innovation Group, RBS Insurance Pen $64.6M Contract

Innovation Group, a global provider of software and outsourcing systems, announced a major contract signing with RBS Insurance. The contract, effective immediately and continuing through the 2014 calendar year, stipulates Innovation Group will manage all of RBSI’s newly notified subsidence claims, as well as taking over the completion of roughly 70 percent of currently open subsidence claims.

The contract is expected to contribute around $64.6 million (£40 million) to Innovation Group’s revenue over the three-and-a-half year duration.