CGI (NYSE: GIB) (TSX: GIB.A) today announced that Brotherhood Mutual Insurance Company, Fort Wayne, IN, has signed an agreement to use Ratabase® 8, the industry leader in insurance ratings platform efficiency and effectiveness. Brotherhood Mutual is a leading exclusive insurer of churches and ministries.
Ratabase will give the property and liability insurance carrier optimal flexibility in managing its existing lines of business and equip them with unsurpassed speed-to-market capabilities for introducing lines of business in the future. Ratabase, which operates across multiple systems, environments and databases, provides sophisticated rating system capabilities to produce insurance products that quickly reflect changing market conditions and consumer needs.
“In today’s complex insurance marketplace, operational agility is critical,” said Daryl Pannabecker, vice president-information systems, at Brotherhood Mutual. “Ratabase will significantly improve our ability to offer our agents and policy holders the most competitive products while reducing the amount of time and effort required to implement rate changes.”
“We are excited about the opportunity to work with Brotherhood Mutual and help them evolve their insurance ratings capabilities with Ratabase,” said William McCarter of CGI’s U.S. Insurance Solutions Group.
Ratabase is the industry's leading rating and product configuration software. Its proven functionality, scalability and flexible technology empower business users at more than 100 carriers to quickly deploy extremely complex rating programs and product segmentation in a fraction of the time and at fraction of the costs of other solutions. Ratabase has the largest client base of any externalized rating engine on the market and has the highest ranking in Celent’s 2013 report on P&C Stand-Alone Rating Systems.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 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, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog of C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
About Brotherhood Mutual
Brotherhood Mutual is a one of the nation’s leading church insurers and a champion of innovative insurance programs that protect the unique activities of ministries. The company offers property-casualty insurance to more than 50,000 churches and ministries associated with many denominational and independent Christian groups, including a third of the nation’s largest churches.
For more information:
Vice-President, US Communications, CGI
Director, Business Development