Life insurance

Managing risk, improving efficiency and reducing costs

Large-scale demographic shifts, evolving consumer preferences and distribution patterns, competition from non-traditional insurers, as well as persistent economic uncertainty are challenging life insurers to find new ways of doing business to stay ahead. To better compete, life insurers are seeking to improve the profitability of their traditional offerings, launch new offerings and attract new customers.

Risk management, improved efficiency and lower costs are key factors of success, but can only be achieved through the transformation of business and operating models. CGI can provide the strategic roadmap for this transformation and assist you throughout its implementation.

Our commitment to building long-term relationships is based on a true partnership philosophy that delivers the best overall solution in a cost-efficient manner and allows clients to focus on their core business activities. We understand the challenges faced by life insurers and offer a suite of life insurance services designed to drive profitable growth. Our experts work with life insurers to help them achieve the following:

• Reinvent products and introduce new ones
• Attract and retain loyal customers
• Enhance operational efficiencies
• Reduce operational costs
• Improve risk management
• Evolve legacy systems
• Optimize business intelligence
• Leverage new technologies

Life insurance expertise

CGI has broad experience in implementing and managing large-scale life insurance transformation programs. We work with the industry’s leading software vendors, while remaining independent and objective in recommending the best solutions for our clients.

We work with more than 160 insurance clients worldwide and 7 of the top 10 global insurers. Our industry-certified experts not only understand and can perform virtually every aspect of a life insurance operation, but also offer the end-to-end IT and business process management services necessary to ensure the success of core life insurance solutions.

Through our proven project management approach, we comply with the highest industry standards and consistently deliver on time and on budget. In addition, we offer flexible onshore, nearshore and offshore global delivery options.

Life insurance services

CGI delivers the services our life insurance clients need to address industry challenges, as well as their own distinct and evolving business needs. Our life insurance services include the following:

• Business process outsourcing and management services
• Document management services
• Transformation services
• Policy administration
• Business process reengineering
• Insurance business intelligence and analytics for Europe and Canada
• Technology services
• IT outsourcing services
• Systems integration services
• Application services
• Infrastructure services
• Testing services