CSC Licenses Business Analytics to Jackson
News Release -- November 10, 2009
New Software Tool for Insurance Industry Enables Analysis of Business-Critical Data
FALLS CHURCH, Va., Nov. 10 -- CSC (NYSE: CSC) today announced that Jackson National Life Insurance Company® (Jackson®) of Lansing, Mich., has licensed CSC's Business Analytics software to access and analyze business intelligence information from its multiple financial services systems. As one of the nation's top individual annuity writers, Jackson will use the software to track key metrics and proactively address rapidly changing market conditions.
CSC introduced Business Analytics, which leverages SAP® BusinessObjects™ XI solutions, to life insurance and annuity providers in May 2009. Jackson is the first company in this market to license the product which comes with pre-built visual, interactive dashboards and insurance-specific analytical reports that can be used in all Jackson subsidiaries. Under the terms of the agreement, the software will be integrated with Jackson's current systems, including CSC's CyberLife policy administration system and PerformancePlus, an incentive compensation management system.
"We were looking for a solution that would extract, reconcile and present data from multiple systems throughout our organization to help us gain greater insight into our business operations and customer actions," said George Napoles, Jackson's executive vice president and chief administrative officer. "With CSC's Business Analytics, we can better position ourselves to reach our strategic growth objectives."
"Our long-standing relationship with Jackson extends to include yet another area - business intelligence," said Michael W. Risley, president of the Life and Annuity Division within CSC's Financial Services Group. "With this new offering tailored for life insurance and annuity firms, we help executives better manage their entire organizations by gaining an in-depth understanding of their companies' operations, opportunities, customers and risks."
Business Analytics is part of CSC's Insurance Optics family of business intelligence solutions to help insurers gain insight from data and drive change. For more information on Business Analytics and the other Insurance Optics solutions, visit www.csc.com/insuranceoptics.
About Jackson National Life Insurance Company
With nearly $77 billion in assets (IFRS), Jackson National Life Insurance Company (Jackson) is an industry leader in variable, fixed and fixed index annuities. The company also offers life insurance and institutional products. Jackson markets its products in 49 states and the District of Columbia through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson's subsidiary, Jackson National Life Insurance Company of New York®, similarly markets products in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management and retail brokerage services. For more information, visit www.jackson.com.
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000 employees and reported revenue of $16.2 billion for the 12 months ended July 3, 2009. For more information, visit the company's Web site at www.csc.com.
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