Gartner Positions CSC in the 'Leader' Quadrant of the 2015 Magic Quadrant for Life Insurance Policy Administration Systems, Europe
News Release -- January 27, 2016
Evaluation Based on Completeness of Vision and Ability to Execute
PRAHA, 27.01.2016 – CSC (NYSE: CSC), a leading provider of next-generation technology solutions and services, today announced it has been positioned by Gartner, Inc. in the 'Leaders' quadrant of the "Magic Quadrant for European Life Insurance Policy Administration Systems."
"We believe our position once again in the 'Leaders' quadrant by Gartner is a confirmation of our deep insurance industry expertise and commitment to lead European insurers on their digital transformation journey," said Phil Ratcliff, vice president and general manager, CSC’s Global Insurance Industry.
"GraphTalk A.I.A is digital-ready software and clients continue to benefit from our continued investment in this functionally rich, highly scalable product with as-a-service deployment options that accelerate their digital transformations."
The report, published on 8 December 2015, reviewed 13 software providers that deliver 14 solutions and evaluated their completeness of vision as well as ability to execute.
According to the report, "Cost considerations, pressure for a faster time to market for new products, skills shortages, mitigation of system risks and growing compliance concerns are among the main drivers for legacy system replacement. The Solvency II regulations, for example, will drive system consolidation and legacy modernization among European life insurers and pension providers."
"European life insurance CIOs face significant challenges in selecting policy administration partners in a localized and fragmented market where over 50% of the projects fail to deliver results."
With more than 100 implementations of GraphTalk A.I.A in nearly 30 countries worldwide, GraphTalk A.I.A is one of CSC’s leading global insurance software solutions for multi-line, multilingual, multi-currency administration. It is an advanced, flexible, end-to-end solution for insurers primarily in Europe and Latin America, offering unmatched administration support for group and individual life and health, annuities, pensions and general insurance products. It is ideally suited to multinational insurance companies that need to rationalize their business across multiple lines and geographies, as well as insurers wanting to consolidate multiple legacy systems and provide integrated support for multiple lines of business and distribution channels.
Learn more about GraphTalk A.I.A.
ABOUT GARTNER’S MAGIC QUADRANT
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CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit us at www.csc.com/eastern_europe.