CGI Group, Inc., a provider of information technology and business process services, announced the product launch of CGI Edge, the next generation of CGI's property and casualty insurance software. 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 software provides insurance companies with a competitive advantage in pursuing increased growth and profitability. CGI Edge allows agents to perform all policy transactions including quotes, new business, endorsements, payments, and creating a first notice of loss.
"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," says Gordon Gaar, CGI's vice president, marketing and strategy for insurance.
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