PEMCO Mutual Insurance Co., a company offering auto, home, boat and umbrella insurance, has selected Ratabase 8 rating and product configuration software to support its lines of business in multiple states. CGI is an information technology and business process services firm.

Ratabase is a scalable rating and product configuration software, CGI said, that can be deployed quickly at a low cost. Ratabase has the highest ranking in Celent’s 2013 report on P&C Stand-Alone Rating Systems. The ratings engine includes functionality, operational efficiency, productivity and scalability.

See also: Auto Insurance Satisfaction Reaches New High

PEMCO will use the latest version of Ratabase to increase efficiency, speed-to-market and agent experience by reducing the time needed to implement rate changes. The improved productivity features of Ratabase 8 allow PEMCO’s product management to implement changes and reduce the insurer’s reliance on internal IT staff.

“In a highly competitive auto marketplace, rating speed is critical,” said William McCarter, director of CGI’s U.S. insurance solutions group. “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.”

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