CGI Recognized as Leader in Guidewire Services Assessment 2024
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CGI Achieves Leader Status in Everest Group’s Assessment
CGI (TSX: GIB.A) has earned accolades as a Leader in the Everest Group's Guidewire Services PEAK Matrix Assessment for the year 2024, focusing on property and casualty (P&C) insurance. This recognition underscores CGI's efforts in expanding its Guidewire Services into emerging markets while simultaneously developing local and offshore delivery capabilities. Through a commitment to geo-specific strategies in alignment with client proximity, CGI showcases its dedication to enhancing customer relationships and success.
Key Factors Behind CGI's Recognition
Aaditya Jain, Vice President at Everest Group, emphasized that CGI has demonstrated impressive success in delivering on-time Guidewire implementations. The company's renewed focus on localized delivery capabilities has fortified its market position, particularly within Europe. These strategic advancements not only reflect CGI’s dedication but also illustrate the company's ability to nurture long-lasting partnerships with clients.
Comprehensive Services Offered by CGI
CGI provides a comprehensive suite of services supporting P&C clients throughout their transformation journeys. Their offerings range from advisory and consulting services to complete implementations and ongoing support for the Guidewire platform. Clients have praised CGI for its extensive domain knowledge and its capability to aid in the transition from legacy systems to modern solutions, ensuring a smooth transformation process.
Investment in Talent and Modernization Efforts
As the P&C sector increasingly embraces cloud-based platforms like Guidewire, CGI has strategically invested in the necessary talent and services to foster meaningful business outcomes from modernization initiatives. Leena-Mari Lähteenmaa, President of CGI's insurance operations for Finland, Poland, and the Baltics, asserted that this recognition as a Leader reflects CGI's commitment to facilitating successful programs for clients across the globe.
Insights from the Everest Group Analysis
The Everest Group's assessment involved comprehensive analysis including interactions with major insurance IT service providers, client references, and ongoing market analysis. Their findings revealed that top performers in the Guidewire services space possess a robust partnership ecosystem and verified evidence of success when collaborating with insurance carriers.
About CGI
Founded in 1976, CGI stands as one of the largest independent IT and business consulting services firms worldwide. With a remarkable workforce of over 90,000 consultants and professionals, CGI offers a full range of capabilities, from strategic IT consulting to systems integration, managed services, and more. Its localized relationship model is complemented by a global delivery network, allowing clients to navigate the landscape of digital transformation efficiently. In the fiscal year 2023, CGI reported an impressive revenue of CA$14.30 billion. CGI's stock is traded on both the TSX (GIB.A) and the NYSE (GIB).
Frequently Asked Questions
What does it mean for CGI to be named a Leader by Everest Group?
This recognition signifies CGI's strong capabilities and market positioning in the Guidewire Services space, reflecting its commitment to quality and client success.
How has CGI expanded its Guidewire Services?
CGI has expanded its Guidewire Services by entering new markets, enhancing local delivery capabilities, and developing geo-specific strategies to align with client needs.
What types of services does CGI offer for the P&C insurance sector?
CGI provides a full spectrum of services including consulting, implementation, and ongoing support tailored for the Guidewire platform.
Why is the Everest Group's assessment important?
This assessment offers insights into the competencies of various service providers, helping clients understand who can best support their transformation journeys.
What is CGI's approach to modernizing client systems?
CGI focuses on transitioning clients from legacy systems to modern platforms while ensuring clients feel supported and informed throughout the entire process.
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