Innovation Group wins £40m claims contract with RBSI
Innovation Group has signed a £40m contract with RBS Insurance (RBSI) to handle its subsidence claims.
The contract, which commences with immediate effect and covers the period to 31 December 2014, will see the group handle all of RBSI's newly notified subsidence claims, in addition to managing the completion of approximately 70% of existing open subsidence claims.
Based upon anticipated transaction volumes and assuming normal weather conditions, the group said it estimated that the contract would contribute approximately £40m to group revenue over its three-and-a-half year lifespan.
Andy Roberts
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