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CGI (Montreal) has announced that it will integrate its products with OneShield Software (Marlborough, Mass.) into a managed services platform for insurance clients. The resulting offering will combine the capabilities of CGI’s Ratabase with OneShield along with CGI’s global infrastructure and change management services. The platform leverages pre-built APIs, micro-services, pre-existing content, features and functions. The vendor says it also improves response time to introduce innovation; reduces operating costs; and minimizes risk for carriers seeking to navigate market changes.
CGI describes the Ratabase Suite as having been developed for insurers who are at a crossroads resulting from the limitations of their legacy systems and market demand for product innovation. The vendor pitches the platform with OneShield as an option for carriers who do not want to invest in replacing systems with the typical build-to-order core system options available today.
“With this platform, CGI helps to future-proof our clients’ investments and disrupt the legacy costs that plague carriers’ results,” comments Bill Budde, Director of Insurance Solutions, CGI. “Our goal is to provide a consumable pricing approach for adding insurance processing services that meet the needs of carriers today and support them as they move to a digital business model in the future.”
Simplifying Customers’ Core System Strategies
“There is increased interest from insurers to adopt an eco-system of platform-based technologies to better service their ever-evolving business needs,” comments Glenn Anschutz, President and CEO, OneShield. “Insurers see an opportunity to rid themselves of legacy constraints and embrace a model that not only contemplates business disruptors, it adapts to continuously changing technologies. We welcome the opportunity to partner with CGI’s insurance experts to simplify our customers’ core system strategies.”