Policy Administration and Claims Automation Software Helps Ohio Mutual Achieve Record PerformanceEL SEGUNDO, Calif., July 6 – Computer Sciences Corporation (NYSE: CSC) today announced that Ohio Mutual Insurance Group has achieved significant processing improvements since implementing CSC’s property and casualty (P&C) insurance software. Last year, Ohio Mutual replaced its legacy system with CSC’s POINT IN Policy Administration and Advanced Claims components. Since then, Ohio Mutual’s staff productivity has increased 13 percent over the previous year, enabling the company to achieve the largest annual net operating profit in the company’s 104-year history.
“We’ve also reduced staff turnover by 28 percent, due in part to CSC’s user-friendly software,” said Jim Kennedy, Ohio Mutual Insurance Group president. “By choosing CSC to modernize our policy administration and claims systems, we now have the power to react quickly to market opportunities and are positioned for the future.”
CSC’s POINT IN Policy Administration component provides Ohio Mutual with an integrated and paperless system for major insurance functions including rating, underwriting, reinsurance, and billing and collection. POINT IN’s Advanced Claims component automates claims assignment and tracking. By implementing CSC’s systems, Ohio Mutual can give its staff and agents access to timely and accurate data on policies and claims in one collaborative environment, with simplified processes for adjusting insurance rates, and can provide improved service – such as new Web-based screens and easier navigation of its policy information system – to its agents and customers.
“CSC’s experience and practical innovation have helped Ohio Mutual achieve breakthrough productivity,” said Ray August, president of the P&C Insurance division of CSC’s Financial Services Group. “Business results like these are why POINT IN has become the leading system for mid-sized insurance carriers and managing general agents.”
About Ohio Mutual Insurance GroupOhio Mutual Insurance Group was founded to insure farms in 1901 as the Ohio Mutual Tornado, Cyclone and Windstorm Insurance Association. Now the Ohio Mutual Insurance Group, it has been protecting policyholders for over 100 years.
Located in Bucyrus, Ohio, the company writes over $120,000,000 in premiums each year, is ranked fourth in Ohio in farm insurance and carries an "A" Excellent Rating from A.M. Best. Ohio Mutual sells auto, home, farm and business insurance policies through over 400 independent insurance agencies in Ohio. For more information visit the company’s Web site at
www.omig.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.
