Latest Release of CGI's Ratabase(R) Paving the Road to Future Competitive Advantage...
* Reuters is not responsible for the content in this press release.
Latest Release of CGI's Ratabase(R) Paving the Road to Future Competitive
Advantage in the Insurance Rating Space
Stock Market Symbols GIB.A (TSX) GIB (NYSE)
ANDOVER, MA, April 10 /PRNewswire-FirstCall/ - CGI Group, Inc. (TSX:
GIB.A; NYSE: GIB), a global leader in information technology and business
process services, today announced the v5.0 release of Ratabase(R), introducing
major product advancements and new features of its Product Builder
(configuration tool) and Calculator (rating engine) components.
"In direct response to our insurance customers' feedback, we are pleased
to make this release immediately available," said David Squibb,
Vice-President, CGI. "Packed with new features, functions and product
advancements, Ratabase v.5.0 confirms CGI's rating engine leadership position.
These advancements will allow carriers to react much more quickly to market
demands and meet the ever-changing business challenges in the market."
Ratabase v5.0 includes the following advances designed to facilitate ease
of use and faster time to market development and maintenance:
- enhancements to rate table structures allowing even more robust
flexibility
- introduction of new data types creating ease of implementation
- updates to the formula language expanding processing abilities and the
inclusion of a number of ready to use functions at the click of a
button for user convenience
- a new Policy Test Rating utility introducing the new look and feel that
.Net will bring to the overall product as well as a more robust testing
facility with compare and analytical capabilities
- addition of more security user levels for compliance with SOX and other
corporate policies
About Ratabase(R)
CGI's Ratabase is a comprehensive set of tools that empowers business
professionals to build, design, and deploy insurance products in the fastest
possible time and manner. Ratabase is successfully implemented in over 100
insurance organizations worldwide to allow them to create different and unique
product plans. Since business users maintain the business logic, the
dependency on IT resources is eliminated thus increasing the speed with which
organizations can respond to market needs. Because it is not line of business
specific, Ratabase is successfully implemented by many insurance organizations
to create different and unique product plans. It can be deployed on a variety
of platforms, facilitating integration into virtually any systems with broad
processing requirements and distributed architectures, while ensuring
consistent results across platforms. The Ratabase Tool Suite gives you the
flexibility to interface the business rules to any external system via XML or
a standard API.
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 26,500 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 $3.7 billion and at December 31st, 2007, 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
SOURCE CGI GROUP INC.
Business Development: David Squibb, Vice-President, (978) 946-3343,
david.squibb@cgi.com; Media: Linda Odorisio, Vice-President, US
Communications, (703) 227-6161, linda.odorisio@cgi.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters