CSC UNVEILS END-TO-END JAVA TECHNOLOGY-BASED SOLUTION FOR PROPERTY AND CASUALTY INSURERS

Nyhedsartikel -- September 30, 2008

Company Teams with Sun to Deliver POINT IN J for Carriers Seeking a Full-featured, Platform-flexible Policy Administration System

FALLS CHURCH, Va., Sept. 30 -- CSC (NYSE: CSC) today introduced a Java Platform Enterprise Edition (Java EE) compatible solution for policy administration that provides platform and database flexibility. The company is offering the new software, POINT IN J, to property and casualty (P&C) insurers that want an integrated, open systems platform to improve efficiency and help speed new products to market.

Scott McNealy, chairman and co-founder of Sun Microsystems, and Ray August, president of CSC’s Property & Casualty Insurance Division, unveiled the system today to nearly 1,000 insurance carriers, industry analysts, and technology and business executives at CSC’s Connect 2008 Conference in Lake Buena Vista, Fla.

“Sun, a leading innovator that introduced Java technology in 1995, continues to be one of CSC’s most strategic teammates as we serve financial services clients who are looking for ways to advance and streamline their businesses now more than ever,” said Jim Cook, president of CSC’s Financial Services Sector.

CSC developed POINT IN J in Java, one of the most popular programming languages, and teamed with Sun to certify the new solution on the Sun Solaris Operating System. POINT IN J will be available for deployment by the end of the year.

“While many smaller vendors have made the move to modern platforms, CSC’s decision to build one of the most widely used policy administration systems ever sold on Java technology underscores the demand for legacy migration,” said Chad Hersh, principal, Insurance, Novarica. “The availability of a modern, end-to-end solution from a vendor like CSC will certainly catch the attention of carriers.”

The POINT IN J and POINT IN policy administration systems support end-to-end P&C insurance processing for all U.S. states and all lines of coverage. CSC will continue to support and maintain both versions through its Continuous Delivery software upgrades, which give insurers incremental updates as soon as they become available. In addition, POINT IN’s integrated components are compatible with POINT IN J.

“With the broadest portfolio of software for the P&C insurance industry, CSC has continued to invest quietly and strategically in leading technologies to deliver greater choice to the marketplace,” said August. “CSC’s investment in new solutions is steered by our focus on delivering the right technology at the right time to address ever-changing requirements.”

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC’s advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 90,000 employees and reported revenue of $17.1 billion for the 12 months ended July 4, 2008. For more information, visit the company’s Web site at www.csc.com.