CGI (NYSE: GIB) (TSX: GIB.A), today announced that Elephant Auto Insurance (Elephant), a wholly owned subsidiary of Admiral Group, plc, (Admiral) located in Richmond, Virginia, has gone live with CGI’s industry leading rating and product configuration software, Ratabase 8®, to transform its ratings platform functionality.
By switching to Ratabase 8, Elephant immediately cut the time and effort required to implement rating changes. Ratabase 8 puts powerful technology directly into the hands of business users, eliminating the delays typically associated with depending on internal IT personnel. These efficiencies are helping Elephant respond more quickly to market dynamics and will ultimately lead to a better experience for Elephant customers.
“We are thoroughly impressed with the capabilities of the Ratabase product,” said Colleen Benzin, Head of Insurance Products at Elephant, adding, “Our parent company, Admiral, has successfully been using Ratabase for over 17 years. The quick implementation and improvements Ratabase brings to the Elephant pricing and product teams confirmed we made the right decision.”
“Elephant Auto Insurance was looking for unsurpassed efficiency and effectiveness from its rating software,” said William McCarter who leads CGI’s U.S. Insurance Solutions Group. “With the selection of Ratabase 8, Elephant Auto Insurance has found a solution that greatly benefits both Elephant and its many customers,” William added.
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.
About Elephant Auto Insurance
Founded in 2009, Elephant is a direct-to-consumer insurance company offering auto, home, and life products to customers nationally. Elephant prides itself on providing quality services and great prices. Located in Richmond, VA, Elephant is a wholly owned subsidiary of Admiral Group, plc, one of the leading insurance companies in the United Kingdom. Elephant believes people who like what they do, do it better and therefore encourages a climate of individual contributions, long-term commitment and profitable growth within the organization. Elephant was named one of the Best Places to Work in Virginia, as well as one of the 50 Most Engaged Workplaces in the United States in 2011 and 2012. To learn more about Elephant or to get an insurance quote go online to www.elephant.com, or call 1-877-21-TRUNK (1-877-218-7865).
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.
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