CGI (TSX: GIB.A) (NYSE: GIB) has appointed Paul Wishman, a leading figure behind the digital growth and transformation of several leading UK insurance brands, as Vice-President, Global Insurance.
Previously Group e-Commerce Director at LV= and Online Director of esure Group Plc, Wishman will be working globally across CGI to help clients accelerate their digital transformation and playing a key role in helping insurance companies develop their overarching digital vision and execution strategy.
“Insurance is on the cusp of rapid business model change as technology and customer expectations converge”, explains Wishman. ”In parallel, significant combined ratio pressure means that benefits need to be delivered fast. I look forward to engaging with the CGI regional teams to ensure our clients have access to all our capabilities to help them with digital transformation and innovation”.
Penny Hembrow, Senior Vice-President, Industry Strategic Consulting added “We have seen a marked increase in the demand for digital capability from our insurance clients, especially in how to execute to create bottom line results, Paul brings this expertise to our clients”.
At the forefront of helping clients to bring new services to market and provides mission critical services to 7 of the 10 top insurance carriers worldwide, CGI recognises that today’s insurers are facing a wave of disruptive trends and innovation that will signifcantly change their business models. There is a need to look ahead, adapting and augmenting their digital channels to best meet consumers’ high product and servicing expectations. Insurers need to guage that challenge by adjusting their operating models and customer applications, manage system integrations while trying to best manage their legacy systems, and ensuring necessary culture changes are well embedded.
About CGI in Insurance
CGI is the partner and expert of choice for P&C and Life insurers, brokers and agents across the globe, including 7 of the top 10 global insurers and 200+ clients worldwide. Our 3,500 insurance professionals deliver end-to-end services and solutions that help insurers become digital organizations across the people, process and technology areas of their business—from building the digital roadmap, to implementing core digital strategies such as data analytics and cyber insurance, to designing and managing core systems transformation. Our 40 years of insurance experience includes policy, claims and billing system implementations across the globe, the development of innovative solutions such as CGI Ratabase®, the industry’s leading rating and product configuration software, and the annual delivery of more than 15 million risk information product transactions and processing of $50 billion in premiums through the systems that we manage for our clients. For more information, please visit www.cgi.com/insurance
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 70,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services, including high-end business and IT consulting, systems integration, application development and maintenance and infrastructure management, as well as 150 IP-based services and solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com
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