Insurance Claims Announcement
ISB and CGI Announce Agreement for Distribution of Information Products to the Property and Casualty Insurance Claims Market
Toronto, Ontario, January 26, 2005 - CGI Group Inc. (CGI) and Insurance Search Bureau of Canada (ISB) announce an agreement to distribute CGI information products through ISB to the Property and Casualty claims industry. This agreement gives clients the best combination of claims knowledge and expertise and the widest array of information products available to professionals who handle P&C claims.
“Working with ISB as the exclusive distribution partner for CGI information products in the P&C claim industry allows us to leverage their deep claims management and claims handling expertise. This knowledge allows them to more easily identify where CGI products can bring value to the claim handling process and where information can truly make a difference in the resolution of claims” says Wayne Beck, Vice President of Insurance Solutions at CGI.
“Our goal is to give our clients the best information available in as timely a manner as possible,” said Michael Damm, President of ISB. “CGI has compiled a significant amount of information that could be of real value to the claims professional. Partnering with CGI provides ISB access to this information and gives us the ability to deliver additional value-added products to claim professionals. Furthermore, the fact that the information required in the handling of a claim is available through a single source brings efficiency and cost savings to the claims handling process”. This agreement marks an evolution in the CGI / ISB relationship previously announced on October 22, 2004, as both organizations work together to provide greater ease in information procurement for the property and casualty claim industry.
Insurance Search Bureau of Canada is Canada’s largest supplier of source documents and retrieval services to the Property and Casualty claim industry. ISB specializes in providing a single source for the information and documentation required during the claim handling process. ISB is recognized for having extensive in-house experience and expertise in claim handling practices, claim workflow processes, and claim information. ISB is a privately held Canadian company. For more information call 905-875-0556 or visit www.isbc.ca
Founded in 1976, CGI is among the largest independent information technology and business process services firms in North America. CGI and its affiliated companies employ approximately 25,000 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 Canada, the US, Europe and India. CGI’s annualized revenue run-rate is currently CDN$3.8 billion (US$3.2 billion) and at September 30, 2004, CGI’s order backlog was CDN$13.0 billion (US$10.8 billion). CGI’s shares are listed on the TSX (GIB.SV.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.