Claims management services provider Resources In Insurance Group says that its 2010 loss will be significantly lower than last year’s loss.
There have been delays to two projects and one other has been cancelled and this held back progress in 2010. Revenues have been steadily increasing throughout the year and new business wins will provide a strong start to 2011.
Potential new business is at record levels as insurers realise the benefits of outsourcing their operations. There is also interest in the Verify service, which handles claims from beginning to the end of the process. This will provide more predictable revenues.
At 0.42p a share, up 0.12p on the day, RIIG is valued at £770,000.
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