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CSC SIGNS BUSINESS PROCESS OUTSOURCING SERVICES CONTRACT WITH GLOBAL INSURER
Communiqués -- Aout (mois) 21, 2007
CSC Software and Services to Support Client’s Structured Settlements BusinessEL SEGUNDO, Calif., Aug. 21 – Computer Sciences Corporation (NYSE: CSC) today announced that a leading global provider of healthcare and other insurance products has selected CSC’s business process outsourcing (BPO) services to support its structured settlements business. The insurer will replace its manual processes and a non-strategic system with CSC’s platforms and services, enabling the company to focus more on its core healthcare products.
Under the five-year agreement, CSC will administer and disburse payments for the client’s structured settlement products, which provide a series of periodic annuity payments. CSC’s life insurance and annuity BPO services team will provide full back-office services and technical support, including end-to-end contract administration, a customer call center, financial reporting and payment processing. CSC will use its Wealth Management Accelerator software, which provides a single comprehensive administration system for both asset accumulation and disbursement.
“Combining our extensive BPO operations with innovative systems like Wealth Management Accelerator gives our clients cost-effective solutions that deliver viable operational results,” said Michael W. Risley, president of the Life and Annuity division of CSC’s Financial Services Sector. “Whether for full investment product policy administration or specialized functions like payout processing or closed blocks of business, we can scale our BPO services to our clients’ needs.”
CSC provides full policy and claims administration, including structured settlements, for nearly four million policies. Services encompass every type of life insurance and annuity product and leverage CSC’s established, global resources.
About CSC
Computer Sciences Corporation is a leading global information technology (IT) services company. CSC’s mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 87,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $14.9 billion for the 12 months ended March 30, 2007. For more information, visit the company’s Web site at www.csc.com.
