Servion Global acquires InsurTech firm Innoveo

US dollar
Servion Global Solutions has acquired Innoveo, an InsurTech Cloud software provider, as part of expanding its reach to insurance firms.

Nick Stefania is the co-founder and CEO at Innoveo.

Innoveo, headquartered in Zurich, Switzerland, has offices in Zurich, Hong Kong and Budapest and services some of the world’s largest insurance companies with its product Innoveo Skye, a cloud-based technology suite.

Innoveo Skye 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 Everstone Group backed Servion Global Solutions said Innoveo Skye Business Canvas, used by non-technical business users, allows insurance companies to streamline new product development and maintenance activities. The Innoveo Skye solution expands the product delivery options by offering omni-channel digital capabilities, as well as improved agent and consumer user experience.

“Innoveo’s solutions, backed by their outstanding team, offer a unique and strong investment opportunity,” Puneet Pushkarna, chairman, Servion Global Solutions, said.

Servion Group has existing platforms such as ServIntuit, ServInsights, LCM, U-Nexsys, iAssit, and RapCTI.


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