CGI (NYSE: GIB) (TSX: GIB.A), today announced that Westfield Insurance selected industry leader Ratabase® to modernize their rating platforms and has gone live in just seven months.
Ratabase provides the multi-line carrier with all the functionality, flexibility and future expandability it needs to reach the market with new business products faster. In one solution, Ratabase delivers sophisticated product configuration and pricing capabilities across multiple systems, environments and databases. As a result, Westfield is gaining the agility necessary to operate cost effectively and efficiently in multiple states and with multiple products.
“CGI is a trusted partner who understands Westfield’s needs and can help us increase the competitive edge of our insurance operations,” said Brian Corbett, personal lines product leader, Westfield Insurance. “Ratabase is the flexible and scalable solution that works for us and our clients.”
“We welcome Westfield Insurance to the rapidly growing community of providers using Ratabase for their rating system engine, and we look forward to continuing this relationship for years to come,” said William McCarter who leads 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 annualized 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.
About Westfield Insurance
Westfield Insurance is a part of Westfield Group, a customer-focused insurance and banking group of businesses headquartered in Westfield Center, Ohio, and in business for more than 167 years. Westfield Insurance provides commercial insurance in 21 states, personal insurance in 10 states and surety services to customers in 38 states. Westfield is one of the nation’s 50 largest property and casualty insurance groups, represented by a network of more than 1,000 independent insurance agencies. Westfield Insurance was named to the 2014 Ward’s 50 list of top performing insurance companies and as a Top Workplace in Northeast Ohio. Westfield Bank provides banking solutions for businesses and individuals, and Westfield Services provides service and training support for independent insurance agencies. Learn more about Westfield Group at www.WestfieldInsurance.com and www.Westfield-Bank.com.
For more information:
Vice-President, Global Communications
CGI Business Development
Director, Business Development
External Communications Manager