Seattle-based PEMCO Mutual Insurance Company has chosen to implement Ratabase 8 rating and product configuration software from CGI. The solution will support business lines throughout multiple states.
PEMCO will use the most recent version of Ratabase to decrease the time needed to implement rate changes. In doing so, it plans to improve speed to market, efficiency and agent experience. With greater productivity features, the insurer’s Product Management team can better control the timeline for changes and reduce dependence on its internal IT staff.
[From PEMCO’s Rod Brooks: Solving the Rubik’s Cube of Insurance IT Prioritization.]
“In a highly competitive auto marketplace, rating speed is critical,” said William McCarter, director of CGI’s U.S. Insurance Solutions Group, in a statement. “CGI’s Ratabase 8 will help PEMCO generate new business while retaining existing customers, in part by putting this powerful rating capability where it’s needed most – in the hands of business users.”
Kelly is an associate editor for InformationWeek. She most recently reported on financial tech for Insurance & Technology, before which she was a staff writer for InformationWeek and InformationWeek Education. When she's not catching up on the latest in tech, Kelly enjoys ... View Full Bio