Allianz has already implemented GIOS in over 20 operating entities worldwide, supporting many different lines of business, languages and currencies. With this new agreement Allianz is now in a position to amend existing solutions and to foster new migration and implementation projects. As part of the contract, the Allianz companies will have the ability to utilise GIOS related services in a streamlined way from CGI 'on-demand'.

GIOS is a highly flexible component based solution, which covers all aspects of administration for all forms of insurance product including Life, Pensions and Investment, as well as non-life - Personal (Motor, Home etc.), Commercial and Health.

Gerhard Rupprecht, Group CIO and holding board member at Allianz comments: "Using CGI's GIOS solution, we are able to support the business models of our Group companies by providing one standardised administration platform. Additionally the new contract supports Allianz Group to realise potential savings in their IT costs."

Gavin Chapman, managing director for CGI Northern Europe, said: "GIOS is one of a small number of packages which Allianz currently uses on a global basis, which demonstrates the organisation's commitment and belief in GIOS."