Software uses all-inclusive Web-based approach to insurance.May 16, 2008 -
Using Web-based SOA based on .NET framework, CGI Edge(TM) enables agents to perform all policy transactions, including quotes, new business, endorsements, payments, and creating first notice of loss. Property and casualty insurance software incorporates Web 2.0 technology and supports complete policy lifecycle, including quoting and issuance, policy administration, billing, automated reinsurance processing, agency processing, and management/statistical reporting.
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Original Press release
CGI GROUP INC.
1130 Sherbrooke Street
West Montréal, Québec, , H3A 2M8
Canada
CGI Announces the Product Launch of CGI Edge(TM)
Stock Market Symbols GIB.A (TSX) GIB (NYSE)
LAS VEGAS, NV, May 13 -- CGI Group, Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and business process services, today announced the product launch of CGI Edge(TM) the next generation of CGI's property and casualty insurance software. Leveraging leading technologies, CGI Edge uses a web-based, service-oriented architecture, based on the .Net framework, and incorporates Web 2.0 technology. A service-based approach with externalized business rules gives CGI Edge the power to deliver a highly configurable solution. CGI Edge supports the complete policy lifecycle, including quoting and issuance, policy administration, billing, automated reinsurance processing, agency processing, and management/statistical reporting.
This comprehensive suite of software provides insurance companies with a competitive advantage in pursuing increased growth and profitability. CGI Edge gives agents an easy-to-use web-based interface that allows agents to perform all policy transactions including quotes, new business, endorsements, payments, and creating a first notice of loss. Integrated technology enables carriers to act instantly to take advantage of emerging market opportunities and to respond to their clients' needs. Users will find CGI Edge easy to modify and configure without the need for complex and lengthy coding changes.
"CGI Edge gives our agents the capacity to electronically quote and submit policies for all Personal and Commercial lines of business. The functionality, technology, and ease of use that this web-based product brings to our agent/company interface enables a more service-oriented approach to customer service," said Ron Boyd, President and CEO, Midwest Family Mutual Insurance Company.
"The primary business drivers for carriers in this market are profitable growth, managing expenses, and having the flexibility to quickly respond to market changes and opportunities. CGI's vision and commitment to investing in the transformation of its insurance solutions resulted in the development of CGI Edge," said Gordon Gaar, Vice-President, Marketing and Strategy for Insurance, CGI.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
CONTACT: Business Development: Larry Stern, Vice-President, New England & Insurance Services, (817) 348-3335, lawrence.stern@cgi.com; Media: Linda Odorisio, Vice-President, US Communications, (703) 227-6161, linda.odorisio@cgi.com
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