Servion acquires Innoveo AG
Everstone Group-backed Servion Global Solutions has acquired Innoveo AG (formerly known as Pactera Switzerland AG), an InsurTech cloud software provider, headquartered in Zürich, Switzerland.
Founded in 2007, Innoveo AG has offices in Zürich, Hong Kong and Budapest and services some of the world's largest insurance companies with its product Innoveo Skye. This is a multifaceted, cloud-based technology suite, which enables digitalization of insurance processes and accelerates insurance product launch cycles; up to ten times faster as compared to other solutions. This enables businesses to enhance their Customer Experience significantly.
The Innoveo Skye Business Canvas, a tool designed to be used by non-technical business users, allows insurance companies to streamline new product development and maintenance activities. Furthermore, the Innoveo Skye® solution expands the product delivery options by offering omnichannel digital capabilities, as well as improved agent and consumer user experience.
The InsurTech space is growing rapidly. According to recently published World Insurance Report, nearly one-third (over 31 percent) of insurance customers globally use InsurTech solutions.
