CGI (NYSE: GIB) (TSX: GIB.A) today said Ratabase, its innovative product configuration and rating platform, is gaining momentum as leading insurance companies are using the solution to meet greater than ever customer expectations, to empower business users and to gain immediate competitive advantage. Over the past 12 months, eight insurers have implemented the latest release and more than 24 plan to do so over the next 12 months.
“Insurance success means greater market segmentation, better trend analysis, delivery of real-time consumer coverage options and profitability while coping with razor thin margins,” said William McCarter, Vice President and leader of CGI’s Insurance Solutions Group. “In this business environment, only the most sophisticated, flexible and agile rating solution will do. The momentum we’re seeing with carriers implementing Ratabase 8 suggests the solution is the perfect alternative providing fully transformative capabilities without the trauma of a major systems development.”
Ratabase 8 has been integrated and in production with multiple policy administration platforms. As the enterprise rating solution, a single Ratabase instance will connect to multiple policy platforms concurrently to simplify and standardize rating content.
Ratabase is the industry's leading product configuration and rating platform. Its proven functionality, scalability and flexible technology empower business users at more than 100 carriers to quickly deploy rating programs and product segmentation including very complex rating in a fraction of the time and at fraction of the cost 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 most recent Property & Casualty Stand-Alone Rating Systems report.
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, and 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 approximately C$20 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
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Vice-President, Global Communications
Vice-President, Insurance Solutions Group