The Innovation Group Plc. has released an updated version of its technology suite, Innovation Insurer, which includes Insurer Policy, Insurer Claims and Insurer Configurator.

Innovation Group says the suite helps insurers meet customer needs for improved value and experience, improves combined ratios through lower operational and claims cost, and allows for better underwriting performance.

According to Innovation Group, business value and key features of the new version includes customer centricity; enhanced underwriting and claims management; expanded configuration capabilities; performance and scalability; and quantifiable lower total cost of ownership (TCO) and affordability.

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