RGI S.p.A.

Based in Italy, RGI S. p. A. specializes in developing software solutions for the European insurance sector, facilitating digital transformation through innovative cloud-based technologies.

Founded in 1987 in Milano, Italy, RGI S. p. A. provides software systems tailored for the insurance industry.

In March 2022, CVC Capital acquired RGI from Corsair Capital, although financial terms were not disclosed. Cécile Leruste and Vito Rocca currently serve as the CEO, overseeing the company’s strategic direction. RGI is a leading provider of core software systems tailored for the European insurance market, focusing on digital transformation through its cloud-based PASS Insurance Cloud suite. The main offerings include products designed for life, property and casualty (P&C), claims management, and data analytics, all aimed at facilitating real-time decision-making and enhancing operational efficiency.

Their products, such as PASS Insurance Digital, PASS Portal, and PASS Analytics, are engineered to integrate seamlessly with existing systems, allowing businesses of varying sizes to leverage data from core operations and third-party sources. RGI serves a diverse client base, including insurance companies and brokers across multiple European markets, emphasizing usability and multi-channel environments to enhance customer engagement and service delivery. For the fiscal year 2023, RGI reported a revenue of USD 75. 71 mn and an EBITDA of USD 10.

53 mn, emphasizing a subscription-based revenue model derived from annual contracts with clients. Following the acquisition in March 2022, CVC Capital aims to support RGI's management in consolidating the fragmented insurance software industry and enhancing its product offerings. The company intends to transition towards a more comprehensive cloud-based platform, focusing on developing new products designed for the evolving needs of the insurance market.