The recent merger of IMRglobal (Clearwater, FL) into CGI Group Inc. (Montreal) will result in the expansion and marriage of IMRglobal's and CGI's insurance products to provide more complete solutions to the insurance market. IMRglobal brings more than 60 P&C and life insurance clients to CGI, which already has more than 150 insurance clients.
"IMRglobal looked at where we were playing," explains former IMRglobal executive Terry Broom, now vice president, business development, financial services sector. "Where IMRglobal was not playing, CGI was. There is not a product crossover because IMRglobal and CGI don't have competing products."
According to Broom, "There really isn't anything that needs to be thrown out. It's really about coupling the pieces together now to give a full offering to our customers." For example, included in CGI's expanded product offerings will be the joining of CGI's Ratabase rating solution with IMRglobal's component-based insurance solution, says Broom.
Within the next 60 days meetings with clients will be held to explain CGI's new offerings, reports Pierre Turcotte, senior vice president, financial services, CGI. "With the merger CGI has a complete end-to-end solutions that we can offer to the market," he adds.
IMRglobal brings application maintenance offshore services to the merger, along with a front-end wealth management and policy administration solution. CGI brings its Ratabase rating solution, administration systems, as well as outsourcing services.