American Modern Insurance Group Licenses TiG Conversion.

HARTFORD, Conn. -- Leading Specialty Insurer Licenses Innovative and Proven Conversion Product from the Innovation Group to Facilitate Transformation of Legacy Business Systems

The Innovation Group, a provider of profit and process improving solutions for the insurance industry, recently announced that American Modern Insurance Group, the specialty insurance subsidiary of the Midland Group (NSD:MLAN), has licensed TiG Conversion for use in its business transformation initiatives. TiG Conversion, a combination of technology and process that enables rapid and accurate conversion of legacy data, is an essential component of successfully implementing new business environments such as TiG Policy or TiG Claims.

"American Modern and TiG have been working together for several months in the Policy Administration and Business System Conversion area," said American Modern Senior Vice President and CIO John Campbell. "After successfully completing a comprehensive proof of concept, we selected The Innovation Group as our long-term partner."

Business transformation initiatives, such as that being completed at American Modern, are complex and involve a detailed review of current and future business processes, systems and needs. In American Modern's situation, the company is implementing modernLINK(R) - a tool that includes online rating, quoting and issuance capabilities for its large distribution network - to dramatically improve productivity and customer services. For this work, American Modern was awarded an A.M. Best E-Fusion Award in October 2004.

"In transformation initiatives such as this," continued Campbell, "the cost and complexity of converting the data of large systems is a significant and often underestimated part of project budgets. The reason is that source data is often segregated through multiple disparate systems and the new target environment is invariably more advanced. These variances require sophisticated rules to ensure data is transferred, cleansed and verified."

Key to TiG's success supporting transformation implementations is the company's understanding of insurance, the systems and data required to support the business, as well as TiG's proven process for transforming data from multiple, disparate environments to a common platform.

TiG has helped a number of customers around the world overcome these issues and successfully convert legacy data to a new operating environment. In the U.S. alone, this includes several large personal lines carriers, where millions of policies and client records have been converted to new TiG Policy installations in hours. Most importantly, the data was certified accurate, including full financial balancing, enabling the business to get new systems to market much more quickly.

"We are proud of our relationship with American Modern and appreciate their involvement in our Global Advisory Board, where they provide insight on designing our organization for long-term customer impact and satisfaction," said Euan King, Senior Vice President of The Innovation Group. "We will strive to earn our stripes each and every day - delivering products, people and process that can make a measurable difference."

For more information on The Innovation Group or TiG Conversion, visit www.tigplc.com.

About The Innovation Group

The Innovation Group (LSE:TiG) delivers profit improvement solutions for the insurance and associated industries through technology and specialized business process outsourcing solutions. TiG's policy, claims and conversion technology solutions are recognized as robust and advanced, providing efficiency and costs benefits resulting in a five-to-20 percent profit improvement. TiG technology is proven in many of the world's leading insurance carriers.