
HARFORD MUTUAL INSURANCE COMPANY SELECTS CGI’S RATABASE® RATING ENGINE SOLUTION
Andover, Massachusetts, February 8, 2007 -Harford Mutual Insurance Company (Harford), insurer of commercial and personal
lines since 1842, has selected CGI Group Inc. (CGI) (TSX: GIB.A; NYSE: GIB) to
implement its insurance rating solution Ratabase® . Through this
agreement, Ratabase will be integrated into Harford’s applications and used to
rate their Commercial and Personal lines of business for the 8 states in which
they currently write business. Ratabase, CGI’s Rate & Rules Management Tool
Suite, is the industry’s leading insurance rating solution being used in more
than 100 carriers worldwide. Ratabase provides a comprehensive, cost-effective
solution that allows insurance experts within a carrier to rapidly develop and
deploy insurance products to any application on any platform.
“Finding
the right solution for our company is extremely important. Our ability to
increase productivity while reducing maintenance costs paves the road for our
future growth. Ratabase has an excellent track record with leading carriers for
proven reliability and performance. By retrofitting Ratabase into our current
technology infrastructure, we plan to enhance our efficiency and establish an
environment for the design and delivery of new insurance products,” said Steve
Fabian, IT Director with Harford.
Paul Raymond, Senior Vice-President,
with CGI added: “We are extremely proud to add Harford to the continuously
growing family of Ratabase companies. We look forward to a strong partnership
and know Ratabase will bring immediate value to Harford’s operations. We are
confident that Ratabase will help Harford achieve their business goals more
rapidly and allow them to further grow their business in strategic ways.”
Ratabase is a powerful and flexible software productivity tool suite
designed to enable business experts within insurance carriers to develop the
algorithms, rate tables, and logic for insurance rating and automated
underwriting applications. This logic can be built once and deployed to any
end-user application(s) on any platform(s). By empowering the business experts
within a carrier to rapidly deploy insurance products – costs are significantly
reduced for both system development and maintenance. Ratabase can be utilized in
a new development effort or can be retrofitted into existing company developed
or vendor supplied systems.
About CGI
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 25,000 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 annualized revenue run rate stands at $3.6 billion
(US$3.1 billion) and at December 31st, 2006, CGI's order backlog was $12.6
billion (US$10.9 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.
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For more information:
Business
development
David Squibb
Director, Business
Development
david.squibb@cgi.com
(978) 946-3343
Media
Relations
Philippe Beauregard
Director, Corporate Communications
and
Public Affairs
philippe.beauregard@cgi.com
(514) 841-3218
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