LATEST RELEASE OF CGI’S RATABASE® PAVING THE ROAD TO FUTURE COMPETITIVE ADVANTAGE IN THE INSURANCE RATING SPACE
CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a global leader in information
technology and business process services, today announced the v5.0 release of
Ratabase®, introducing major product advancements and new features of its
Product Builder (configuration tool) and Calculator (rating engine) components.
“In direct response to our insurance customers’ feedback, we are pleased to make this release immediately available,” said David Squibb, Vice-President, CGI. “Packed with new features, functions and product advancements, Ratabase v.5.0 confirms CGI’s rating engine leadership position. These advancements will allow carriers to react much more quickly to market demands and meet the ever-changing business challenges in the market.”
Ratabase v5.0 includes the following advances designed to facilitate ease of use and faster time to market development and maintenance:
- enhancements to rate table structures allowing even more robust flexibility
- introduction of new data types creating ease of implementation
- updates to the formula language expanding processing abilities and the inclusion of a number of ready to use functions at the click of a button for user convenience
- a new Policy Test Rating utility introducing the new look and feel that .Net will bring to the overall product as well as a more robust testing facility with compare and analytical capabilities
- addition of more security user levels for compliance with SOX and other corporate policies
CGI’s Ratabase is a comprehensive set of tools that empowers business professionals to build, design, and deploy insurance products in the fastest possible time and manner. Ratabase is successfully implemented in over 100 insurance organizations worldwide to allow them to create different and unique product plans. Since business users maintain the business logic, the dependency on IT resources is eliminated 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 virtually any systems with broad processing requirements and distributed architectures, while ensuring consistent results across platforms. The Ratabase Tool Suite gives you the flexibility to interface the business rules to any external system via XML or a standard API.
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 26,500 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 $3.7 billion and at December 31st, 2007, 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.