The Innovation Group (TiG) announced a contract win with a North...

The Innovation Group (TiG) has announced a contract win with a North American insurer to supply it with TiG claims solutions.

TiG said the licence was worth approximately £1.5m.

It anticipated up to 50% of this sum would be recognised within the current financial year, with the balance being recognisable upon reaching pre-determined milestones over the next two years.

TiG said services, maintenance and support would be in addition to this.