Compu-Quote and CGI Group Inc. (CGI) announce an agreement to give insurance brokers the ability to order and integrate CGI's online Motor Vehicle Records (MVR) and AutoPlus claims history reports using the Compu-Quote rating services. This initiative will significantly improve customer service to brokers and streamline the policy binding process.
"Too often a customer is quoted an insurance premium which has to be recalculated as a result of their non-disclosure of claims and convictions information. The CGI/ Compu-Quote partnership provides the Property & Casualty industry with the ability to verify this information in real-time at the point of sale, avoiding unnecessary duplication of effort in the brokers office", said Wayne Beck, Vice President of Insurance Solutions at CGI. "It makes sense to work with Compu-Quote because they are the major supplier of rating services to the insurance industry across Canada and they are integrated with all the major broker management systems.
"This is a major enhancement to our rating services." added John Savage, President of Compu-Quote, "We can now access an MVR report as part of the AutoRater service, electronically review it, automatically integrate it, and modify the underwriting and rating - all in real-time. Right at the point of sale, this means less key strokes for the broker, better pre-qualification of the customer for the insurance company, and less hassle for the consumer." This data is integrated into the broker's management system, as well as into the insurer's policy data facilities."
As well as providing immediate benefit to the clients of both organizations, this agreement opens the door to Compu-Quote and CGI working together to deliver additional point of sale product offerings to the Canadian insurance broker channel.
Since 1983, Compu-Quote has been Canada's leader in underwriting and rating software and related services. A pioneer in the industry it continues to deliver innovative solutions for insurance companies brokers, actuaries and providers of insurance products for consumers through the web. Compu-Quote integrates with third party data providers, as well as Canada's leading broker management systems and company mainframe technology. For more information, visit www.compu-quote.com.
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. 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 India and Canada. CGI's annualized revenue run rate is currently CDN$3.8 billion (US$2.8 billion) and at September 30, 2004, CGI's order backlog was CDN$13 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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Director, Corporate Communications