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Improve all aspects of your rate making and pricing

Rating and pricing managed services enable insurers to rapidly develop new products and update rates and pricing for existing products in response to new regulations, evolving market demands, pricing changes, and innovation. CGI insurance and rating experts can take complete responsibility of your insurance rating applications, including:

  • Maintenance activities
  • ISO-related circular updates
  • Rating service/adaption changes
  • Implementing new lines of business into rating products
  • Technical updates/changes
  • Performance testing
  • Project management

Become a digital leader across your pricing and rating operations

Through our managed services and industry-leading Ratabase and Ratabase360 solutions, our rating and pricing experts work closely with insurance teams to improve all aspects of rate making and pricing, including implementing ISO-related circular updates and new lines of business, managing client system integration, and performing end-to-end testing through agile project management.

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Improve efficiency, gain agility and manage costs

Staffing flexibility and stability

Resourcing can be flexed up and down to manage workload variation during critical business processing cycles. As talent leaves due to attrition or retirement, we can provide rating talent to ensure the right people are doing the right job at the right time.

Cost savings

We provide managed services through a flexible delivery model that reduces costs and leverages global delivery centers and resources.

Price and service guarantees

Service-level agreements (SLAs) are defined and refined to ensure that your expectations are clearly understood and your business objectives are achieved.

Speed and quality assurance

Our experts complete day-to-date rate changes employing high testing standards with efficiency and agility. This mitigates the risk of fines and improves your speed to market.

Innovation

We partner with clients to drive innovative change to their pricing and rating business processes.

Upgrade services

We help you take advantage of the latest Ratabase or Ratabase360 innovations to improve your business processes and IT operations.

Hands-on and self-paced training

We provide hands-on Ratabase or Ratabase360 training for both beginners and experienced users. Through our training workshops, users learn concepts and then put them into practice within their specific environments. In addition to in-person instruction, we provide self-paced training to help users become proficient with Ratabase or Ratabase360’s low-code platform.

Why partner with CGI?

With more than 40+ years of insurance experience, we offer unique differentiators that give you a competitive edge, including the following:

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Local industry and rating expertise:

We provide world-class rating experts with deep knowledge of the industry and global insurance markets. We understand client business and IT priorities based on our close collaboration and long-term relationships.

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Client proximity, local accountability, and a network of global industry expertise:

We offer small teams, led by rating experts, that work in close proximity with your teams, provide local accountability, and are supported by global delivery centers.

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Operational excellence:

As a company, we are globally aligned through common and tested principles, policies, processes, and frameworks. We rigorously monitor quality and client satisfaction to ensure continuous improvement. Overall, CGI is a trusted and reliable partner, delivering 95% of our projects on time and within budget.

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Client-first mindset and dedication to delivering value to our clients:

We are committed to excellence in accountability and responsiveness. Our clients rate our services with a satisfaction score of 9.7 out of 10 and an innovation score of 9.0.