CGI, one of the world's leading IT and business process services providers, today announced a ten-year contract with Allianz to support CGI's global insurance administration solution GIOS.
Allianz has already implemented GIOS in over 20 operating entities worldwide, supporting many different lines of business, languages and currencies. With this new agreement Allianz is now in a position to amend existing solutions and to foster new migration and implementation projects. As part of the contract, the Allianz companies will have the ability to utilise GIOS related services in a streamlined way from CGI ‘on-demand'.
GIOS is a highly flexible component based solution, which covers all aspects of administration for all forms of insurance product including Life, Pensions and Investment, as well as non-life - Personal (Motor, Home etc.), Commercial and Health.
Gerhard Rupprecht, Group CIO and holding board member at Allianz comments: “Using CGI's GIOS solution, we are able to support the business models of our Group companies by providing one standardised administration platform. Additionally the new contract supports Allianz Group to realise potential savings in their IT costs.”
Gavin Chapman, managing director for CGI Northern Europe, said: “GIOS is one of a small number of packages which Allianz currently uses on a global basis, which demonstrates the organisation's commitment and belief in GIOS.”
The Allianz Group is one of the world's leading providers of insurance and financial services. The Allianz Group offers comprehensive service to its 60 million customers in more than 70 countries. In so doing, it relies on an international network of subsidiaries, each occupying a strong position in its respective home market. This position and the outstanding familiarity of the Allianz brand can also be attributed to the fact that the customer imposes the highest quality standards on the IT services to be provided and expects the same of its contractual partners.
Founded in 1976, CGI is among 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 centres of excellence in India and Canada. CGI's annualised revenue run rate is currently CDN$3.8 billion (US$2.9 billion) and at September 30, 2004, CGI's order backlog was CDN$13.0 billion (US$9.4 billion). CGI's 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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