CGI (NYSE: GIB) (TSX: GIB.A) today announced that Alfa Mutual Insurance Company (Alfa Mutual) has selected CGI’s Ratabase rating and product configuration software to improve its ability to respond to changing market demands.
In the highly competitive insurance market, Ratabase enables Alfa Mutual’s business users to get insurance products to market faster, and configure those products to best meet customer needs. With Ratabase, Alfa Mutual also will be able to more accurately assess and price risks to optimize the competitiveness of their products.
“Alfa Mutual needed a technology solution that allows us to quickly create and deliver the products our customers’ desire,” said Don Manis, VP and Actuary with Alfa Mutual. “With the CGI’s Ratabase rating engine, we get the benefit of faster time to market, along with the confidence of working with the recognized industry leader.”
“CGI welcomes Alfa Mutual to a community of more than 100 carriers in all 50 states using our Ratabase solution,” said Phillip Crenshaw, Vice President of CGI’s Insurance, Healthcare, and Regulatory Solutions. “With more than 30 years of experience in the insurance marketplace, including more than 100 successful implementations across multiple systems, environments and databases, Ratabase is the compelling choice for leading insurance carriers.”
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$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
For more information:
Vice-President, US Communications, CGI
Director, Business Development