CGI Ranked as Top Solutions Provider to the Insurance Industry
November 28 2006 - 8:30AM
PR Newswire (US)
Stock Market Symbols GIB.A (TSX) GIB (NYSE) MONTREAL, Nov. 28
/PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB)
announced today that American Banker Magazine and the research firm
Financial Insights have ranked CGI as the number one solutions
provider to the Insurance Industry as part of the 2006 FinTech 100.
"This award confirms CGI as the leading solutions provider to the
insurance industry," noted Michael E. Roach, President and Chief
Executive Officer of CGI. "It shows our ability to provide our
clients state-of-the-art technologies solutions and practices to
respond to their needs in this highly competitive environment." CGI
also placed 16th in the overall FinTech 100 ranking. The FinTech
100, and their associated special reports, are a collaboration of
American Banker and Financial Insights, an IDC Company. This
ranking is categorized and evaluated based on fiscal year end
revenues and the percentage of revenues attributed to financial
services. Data is gathered from surveys completed by vendors, as
well as original research and market analysis conducted by
Financial Insights. New to the 2006 report, the Top 10 Insurance
providers rank the top companies in this financial services
segment. CGI is a leading partner of insurance carriers who are
seeking to capitalize on market opportunities ranging from
consolidation to specialization. CGI's complete insurance
capabilities encompass proven processes and tools that allow
carriers to increase their competitiveness. CGI helps clients focus
on those functions that achieve market differentiation, such as
product management and sales channel development, and delivers
structured platforms that transform functions such as underwriting,
policy administration, premium accounting and claims. CGI also
manages non-core yet critical back-office functions on clients'
behalf, allowing them to achieve optimal business performance.
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 24,500 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
fiscal 2006 revenue was $3.5 billion (US$3.1 billion) and at
September 30, 2006, CGI's order backlog was $12.7 billion (US$11.4
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: http://www.cgi.com/. DATASOURCE: CGI GROUP INC.
CONTACT: Investors: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, , (514) 841-3355; Media:
Philippe Beauregard, Director, Public Affairs, , (514) 841-3218
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