About Innovation Group
Innovation Group is a Financial Services company based in Fareham (United Kingdom) founded in 1996, and was acquired by Allianz X in October 2022. Insurance claims processing services are provided to clients worldwide. It operates on a SaaS (Software-as-a-Service) and Managed Services model. Innovation Group has completed 3 acquisitions, including Driven Solutions, EMAC Ltd and First Notice Systems. Its website innovation.group draws about 36 thousand monthly visits. Innovation Group offers products and services including Gateway and Claims as a Service (CaaS). Its focus areas include Technology, Insurance Technology and Claims Management Platforms.
Company details
Innovation Group is recognized as a leading global technology-led company specializing in insurance claims management. Comprehensive operational support and expert services are provided to major insurers, brokers, fleet managers, and automotive manufacturers worldwide. The Gateway platform, a cloud-native solution, is developed to enhance efficiency through smart engine technology, interconnectivity, and security features. Services span across insurance, repairer, automotive, and fleet sectors, with tailored solutions like Claims as a Service (CaaS) being offered. Operations are conducted across multiple continents, ensuring seamless network integration for the entire supply chain process.
- Headquarters Fareham, United Kingdom
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website innovation.group
- Social LinkedIn Facebook
- Acquired by Allianz X (Oct 2022)
- Legal Name Innovation Group
- InvestorsThe Carlyle Group
& 2 more
- Investments & AcquisitionsDriven Solutions
& 2 more
- Acquired by
Products & Services of Innovation Group
Innovation Group offers a comprehensive portfolio of products and services, including Gateway and Claims as a Service (CaaS).
An end-to-end platform for insurance claims management.
Service designed for efficient insurance claims processing.
Funding Insights of Innovation Group
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Innovation Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2015 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Innovation Group
Innovation Group has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, Ardian and Allianz X.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private investment firm specializing in markets and partnerships. | ardian.com | |||
Startups are funded via venture capital by Allianz-backed Allianz X. | allianzx.com | Munich, Germany | ||
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com |
Investor details for Innovation Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Innovation Group
48 people are tracked at Innovation Group (22 in leadership, 26 in team).
| Name | Role | Group |
|---|---|---|
Miles Toulson-Clarke | CEO, UK | Leadership |
Matthew Whittall | CEO, Germany | Leadership |
Grzegorz Czekiel | Managing Director, Board Member | Leadership |
Marcel de Klerk | CEO, South Africa | Leadership |
James Gatti | Commercial Director | Leadership |
Stephanie Sellers | VP, Account Management | Leadership |
Joanne Doyle | Head Of Human Resources | Leadership |
Kate Goodwin | Networks & Engineering Director, Motor | Leadership |
Isobel MacLeod | Head Of Tax And Treasury | Leadership |
Karriema Davis | Senior Human Resources Business Partner | Leadership |
Marcos Antunes | Group Business Development Director | Leadership |
Alicia Ameduri | Head of HR | Leadership |
Tim Griffiths | Group CEO | Leadership |
James Coggin | Group CTO | Leadership |
Richard Rollit | Technical Director, Property | Leadership |
Pete Douglas | CEO, US | Leadership |
Millie Boyd | Head, Transformation | Leadership |
Magdalena Baugh | CFO | Leadership |
Ignacio Cuesta Cardin | Sales Partner | Leadership |
Helen Moon | Executive Assistant To CEO | Leadership |
28 more people are available in the full profile.
Complete people profiles for Innovation Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Innovation Group
Innovation Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Driven Solutions, EMAC Ltd and First Notice Systems.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
| emac.ltd.uk | 0 | Dec 2014 | $72.19M | |||
Provider of roadside assistance services | driven-solutions.com | Chesterfield, United States | 1968 | Sep 2014 | •••• | |
Limited information available | firstnotice.com | Boston, United States | 1993 | Nov 2006 | $51.55M |
Complete acquisition details for Innovation Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Innovation Group
7 dated milestones of Innovation Group across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Innovation Group is founded.
- Acquisition Acquires First Notice Systems.
- Acquisition Acquires Driven Solutions.
- Acquisition Acquires EMAC Ltd.
- Exit Acquired by The Carlyle Group.
- Funding First funding round.
- Exit Acquired by Allianz X.
Web traffic of Innovation Group
The website of Innovation Group (innovation.group) receives about 35.8K visits a month.
- Monthly visits35.8K
▲ 5.1% vs previous month
Websites whose visitors overlap most with Innovation Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| budgetinsurance.co.za | 100% | 126K | #224,803 | View details | |
generali.de | generali.de | 82% | #137,210 | – |
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Related news about Innovation Group
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Frequently Asked Questions about Innovation Group
Innovation Group was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Innovation Group is headquartered in Fareham, United Kingdom. It is registered at Fareham, Hampshire, United Kingdom.
Innovation Group is recognized as a leading global technology-led company specializing in insurance claims management. Comprehensive operational support and expert services are provided to major insurers, brokers, fleet managers, and automotive manufacturers worldwide. The Gateway platform, a cloud-native solution, is developed to enhance efficiency through smart engine technology, interconnectivity, and security features. Services span across insurance, repairer, automotive, and fleet sectors, with tailored solutions like Claims as a Service (CaaS) being offered. Operations are conducted across multiple continents, ensuring seamless network integration for the entire supply chain process.
Innovation Group offers Gateway and Claims as a Service (CaaS).
Innovation Group has made 3 acquisitions, including Driven Solutions, EMAC Ltd, and First Notice Systems.
Innovation Group has 3 investors. Key investors include The Carlyle Group, Ardian, and Allianz X.
Innovation Group operates through Innovation Group.
Yes. Innovation Group was acquired by Allianz X in October 2022.