Union Insurance Chooses CSC’s Insurance Software Platform
News Release -- August 15, 2016
Region’s first company to select CSC’s Integral software to help improve business transformation for faster deployment
Dubai, UAE August 14th, 2016—CSC (NYSE: CSC), a global leader in next-generation IT services and solutions, today announced it has signed a multi-year agreement with Union Insurance Company, a leading provider of customer-focused insurance products to individuals and organizations in the Middle East. Union Insurance will become the region’s first company to implement CSC’s Integral Group Health, Integral Life and Integral Point-of-Sale systems to manage its portfolio of group health and life insurance products.
Integral Suite’s advanced technology and innovative methodologies enable insurers to transform their business using digital technology to support business acquisitions and operational cost reductions. More than 300 insurers in nearly 50 countries use CSC’s Integral Suite.
Over the next nine months, the combined Union Insurance and CSC teams will manage the implementation, customization, training and testing of the Integral components. Integral’s scalable platform enhances operational performance, allowing Union Insurance to increase productivity, improve service to customers and distributors, and quickly pursue new opportunities to grow business and drive efficiencies.
“In the current digital economy, technology becomes the main enabler for fueling business transformation,” said Abdul Muttaleb Al Jaedi, managing director and chief executive officer, Union Insurance Company. “Being the first regional company to invest in Integral software simply underlines our deep level of commitment to deploying state-of-the-art technology to drive innovation and achieve our ambitious business objectives.”
“CSC is a leader in the provision of software, services and outsourcing to the insurance industry,” said Alok Bapna, managing director, CSC Middle East and Africa. “CSC leverages its extensive software capability to build services and deliver next-generation technology to insurance industry clients globally, helping them build new digital businesses and transform their current operations. We are delighted to have Union Insurance as our first Integral client in the Middle East and to be their partner for business transformation.”
“We have partnered with CSC to transform our systems in alignment with our strategy,” said Anshul Srivastav, chief information officer, Union Insurance Company. “This collaboration will support the delivery of the end-to-end insurance value chain from distribution to the last mile of operations.”
“Integral will pave the way for faster product roll-out, enhanced customer service and more efficient processes. Its broad and extensive functionality will provide operational value to the internal and external stakeholders of Union Insurance and help them to prepare for both known and future insurance requirements,” noted Prakash Mathew Thomas, general manager, Global Business Services, CSC Asia, Middle East and Africa.
BACKGROUND ON CSC INSURANCE SOLUTIONS
CSC is a leader in the provision of software, services and outsourcing to the insurance industry. CSC leverages its extensive software capability to build services and deliver next-generation technology to insurance industry customers globally helping them build new digital businesses and transform their current operations. Learn more about CSC’s Integral software and how insurance companies are transforming with innovative, next-generation technology services in our paper, “Key Shifts Mark the Path to Digital Insurance.”
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.
ABOUT UNION INSURANCE
Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company (UIC) is regulated by the UAE Insurance Authority and has a paid up capital of over AED 330million. The company offers individuals, corporate and government entities a wide range of individual and commercial insurance products to clients in the UAE and Middle East region.