Bank and Specialty Insurance
Grow revenues with end-to-end system for all specialty products.
Bank insurance and debt protection products are specialty protection products sold through the unique marketing channels typical of a financial institution or other affinity marketer. CSC has led this industry in services and systems for more than 25 years, creating programs that are now the industry standard. For quick-to-market, competitive and cost-effective bank insurance programs, no other company or system can duplicate CSC’s cross-industry expertise.
Traditional insurance systems may be able to process some of your specialty products, but lack the flexibility and efficiency to bring new products to market with the timeliness and price point your customers expect. CSC’s bank insurance programs are built around CSC’s Convenience system, which offers online, real-time processing for delivering immediate results. Convenience offers a seamless interface to your lending systems for fast, efficient product administration not possible with standalone solutions. CSC automates your program end to end, from solicitation through claims and benefit activation, including agency compensation, billing, reinsurance and reporting.
- Integrates debt protection, credit insurance and specialty insurance
- Built around the market requirements for targeted, affinity group coverages
- Customer-centric view provides one-touch access to all of a customer’s coverage
- Handles entire product lifecycle, from solicitation to claims/benefit activation
- Delivers a low processing price per policy
- Significantly reduces time to market for new products
- Interfaces to lending systems for efficient data exchange
- Available as BPO or ASP service