Vice President, Marketing
Financial Services Group
Manager, Media Relations
CELENT RECOGNIZES CSC’S LEADERSHIP IN INSURANCE SOFTWARE
News Release -- June 01, 2005Studies on Life and P&C Insurance Software Deal Trends Highlight CSC for Second Consecutive Year
EL SEGUNDO, Calif., June 1 – Computer Sciences Corporation (NYSE: CSC) today announced that annual studies conducted by global financial services information technology (IT) research and consulting firm Celent identify CSC as a dominant provider of insurance software.
For the second year in a row, Celent’s Insurance Software Deal Trends studies cited CSC as a leading provider for both property and casualty (P&C) and life/health software based on number of contracts signed. For both P&C and life/health insurance, CSC led the “full policy administration systems” category and was among the top three leaders in the “focused claims solutions” category. In addition, CSC was one of the top three leaders in the “P&C insurance underwriting systems” and “life/health insurance business process management/business rules engines” categories.
“Celent’s most recent analysis has once again confirmed CSC’s leadership within the insurance sector,” said Jim Cook, president of CSC’s Financial Services Group. “By applying our extensive industry knowledge, experience, and research and development, we are able to continually bring products to market that help CSC clients achieve their desired business results.”
Celent’s Insurance Software Deal Trends reports for the P&C and life/health markets synthesize both vendor-provided and publicly available information about insurance-specific application and infrastructure software sold to North American insurers during 2003 and 2004. Celent examined data on 475 life/health insurance software contracts and 499 P&C insurance software contracts involving 107 software vendors. More information about Celent’s Insurance Software Deal Trends 2003-2004 reports can be found at www.celent.com.
Founded in 1959, Computer Sciences Corporation is a leading global 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.