Company is 10th Insurer to Choose a CSC nbAccelerator ComponentEL SEGUNDO, Calif., June 13 – Computer Sciences Corporation (NYSE: CSC) today announced that Thrivent Financial for Lutherans has licensed a component of CSC’s nbAccelerator (nbA) software to streamline its life insurance underwriting process.
CSC’s nbA product set is the life insurance industry's most complete new business process management and risk assessment software. Supporting multiple life and annuity products, distribution channels and administration systems, nbA seamlessly manages new business activities from sales illustration through contract issue.
Thrivent Financial has licensed CSC’s new nbA automated underwriting software component, which simplifies the integration of underwriting information within and outside insurers’ organizations. This nbA component includes a customizable knowledge base of widely used underwriting rules.
Thrivent Financial is the 10th insurer to license this recently released nbA component. Other licensees of this component include eight of the top 75 U.S. life insurers and an insurer headquartered in Canada.
“In the past, processing new business in the life and annuity industry was slow, laborious and expensive,” said Michael W. Risley, president of the Life and Annuities Division of CSC's Financial Services Group. “With nbA, as with other products in CSC’s extensive financial services software portfolio, our experience and practical innovation have transformed a critical business process into one that delivers fast, flexible and efficient results.”
About Thrivent Financial for Lutherans Thrivent Financial for Lutherans is a not-for-profit membership organization helping 2.8 million members achieve financial security. As a not-for-profit fraternal benefit society, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and needy individuals. Thrivent Financial has main offices in Minneapolis, Minnesota, and Appleton, Wisconsin. For more information, visit
www.thrivent.com.
About CSCFounded in 1959, 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 79,000 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 $14.1 billion from continuing operations for the 12 months ended April 1, 2005. For more information, visit the company’s Web site at
www.csc.com.
