HARFORD MUTUAL GOES LIVE WITH CGI’S RATABASE®
CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and
business process services, today announced that Harford Mutual Insurance
Companies has gone live with CGI’s rating engine and rate management solution,
Ratabase®. Ratabase provided a more flexible and robust rating engine
to fit into the Harford’s browser-based .Net policy administration and agent
“Our goal was to move rating to a service oriented architecture (SOA) environment and Ratabase was a perfect fit,” stated Steve Fabian, Assistant Vice-President of IT, Harford Mutual. “When we investigated the market, Ratabase provided the best solution for the SOA environment and it fit nicely into our .Net direction. Using a line by line rollout approach, we converted the policy administration rating function followed closely by the agency portal for online rating and policy submission. Workers Compensation was our first line and we completed the process from training, requirements, design and build/test to ‘live’ in 4 months and our agency portal closely followed. The transition was easy and our people were trained quickly which allowed us to roll out Business Owners and Commercial Automobile even more efficiently. Our ultimate goal is to move much of the maintenance from IT to the business side.”
“We are happy to have Harford Mutual join our growing family of Ratabase customers,” said David Squibb, Vice-President, CGI. “They are a prefect example of how Ratabase can be implemented quickly to deliver immediate results and increase speed to market with reduced resource needs.”
CGI’s Ratabase is a comprehensive set of tools that empowers business professionals to build, design, and publish insurance products in the fastest possible time and manner. Since business users maintain the business logic, the dependency on IT resources is minimized thus increasing the speed with which organizations can respond to market needs. Because it is not line of business specific, Ratabase is successfully implemented by many insurance organizations to create different and unique product plans. It can be deployed on a variety of platforms, facilitating integration into systems with broad processing requirements and distributed architectures, while ensuring consistent results across platforms.
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
About Harford Mutual Insurance Companies
The Harford Mutual Insurance Company, founded in 1842 in Harford County, Maryland, provides property and casualty insurance products and services to a regional market. Our efforts allow policyholders to conduct their business and personal matters with the knowledge that they are protected by a financially-strong and established insurer. We strive for profitable growth through a commitment to individualized customer service and by providing the independent agent with a stable market for quality insurance products.
For more information:
New England & Insurance Services
Vice-President, US Communications