CGI named a Leader in Everest Group';s Guidewire Services PEAK Matrix® Assessment 2024

Rhea-AI Summary

CGI (TSX: GIB.A) (NYSE: GIB) has been named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024 for property and casualty (P&C) insurance. The company was recognized for expanding Guidewire Services into growing markets, building local and offshore delivery capabilities, and adopting geo-specific strategies. CGI offers a comprehensive suite of services for P&C clients, including advisory, consulting, full implementations, and ongoing support for the Guidewire platform.

The assessment highlighted CGI's success in delivering on-time Guidewire implementations, enhanced localized delivery capabilities, and investments in point solutions and toolkits for test automation and accelerating product implementations. Clients appreciated CGI's domain knowledge and understanding of legacy systems, which facilitated smooth transitions to new systems.

Positive

• Named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024
• Expanded Guidewire Services into growing markets
• Built local and offshore delivery capabilities
• Successful on-time Guidewire implementations
• Investments in point solutions and toolkits for test automation and accelerating product implementations
• Strong client appreciation for domain knowledge and legacy system understanding

Negative

• None.

Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom

MONTRÉAL, Sept. 5, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the world's largest business and IT consulting firms, has been named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024 for property and casualty (P&C) insurance. CGI was recognized for expanding Guidewire Services into growing markets, building local and offshore delivery capabilities, and adopting geo-specific strategies in line with the company's client proximity model.

"Credible success proof points of delivering on-time Guidewire implementations, via enhanced localized delivery capabilities, have bolstered CGI's market positioning in the European Guidewire services market," says Aaditya Jain, Vice President at Everest Group. "Targeted investments in building point solutions and toolkits for test automation and accelerating product implementations, coupled with appreciation by clients on understanding of legacy modernization journeys, have contributed to CGI being recognized as a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024."

CGI offers a holistic suite of services to support P&C clients at every stage of their transformation journey, from advisory and consulting services to full implementations and ongoing support for the Guidewire platform. With a rich repository of solutions, a strong global presence, and scalable delivery capabilities, the Everest Group assessment noted that clients appreciated CGI's domain knowledge and understanding of legacy systems, which helped clients to transition to new systems smoothly.

"As the P&C industry continues to turn to cloud-based platforms, notably Guidewire, as part of their digital strategies CGI has invested in the talent and services necessary to help clients achieve business outcomes from their modernization initiatives," said Leena-Mari Lähteenmaa, President, Finland, Poland & Baltics operations and global executive for CGI's insurance business. "CGI's ranking as a Leader in this year's Everest Group assessment recognizes our expertise and partnerships with clients in delivering successful programs worldwide."

For this year's assessment, Everest Group analyzed interactions with leading insurance IT service providers, client references, and ongoing analysis of the insurance IT services market. Leaders possessed a comprehensive partnership ecosystem and strong proof points working with carriers across the Guidewire services value chain.

About CGI
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organisations and accelerate results. CGI Fiscal 2023 reported revenue is CA$14.30 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

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SOURCE CGI Inc.

FAQ

What recognition did CGI receive in the Guidewire Services PEAK Matrix® Assessment 2024?

CGI was named a Leader in Everest Group's Guidewire Services PEAK Matrix® Assessment 2024 for property and casualty (P&C) insurance.

What services does CGI offer for P&C insurance clients using Guidewire?

CGI offers a holistic suite of services including advisory, consulting, full implementations, and ongoing support for the Guidewire platform.

How has CGI (GIB) expanded its Guidewire Services?

CGI has expanded Guidewire Services into growing markets, built local and offshore delivery capabilities, and adopted geo-specific strategies in line with their client proximity model.

What did clients appreciate about CGI's Guidewire services?

Clients appreciated CGI's domain knowledge and understanding of legacy systems, which helped them transition to new systems smoothly.