CSC Signs Application Support Contract With Conseco
News Release -- January 27, 2010
Five-Year Agreement Covers Maintenance, Support for Two Insurance Administration Systems
FALLS CHURCH, Va., Jan. 27 -- CSC (NYSE: CSC) today announced that Conseco Services, LLC of Carmel, Ind., has hired CSC to maintain and support two of its insurance administration systems. The five-year agreement enables Conseco to reduce expenses and achieve additional flexibility in the management of two large legacy applications.
CSC’s delivery framework leverages both on- and off-shore technical resources who have deep insurance industry experience and are highly trained in CSC’s intellectual property, one of the broadest portfolios in the industry, as well as in other life insurance software. CSC’s application outsourcing services include: application maintenance, development and enhancement; implementation and conversion services; upgrades and migrations; help desk; and testing.
“We chose to outsource many of the development functions related to two of our large legacy life insurance administration systems to a trusted, experienced provider. This move will reduce our costs and allow us to more effectively manage peak demands for IT services,” said Todd Coombes, chief technology officer at Conseco. “Based on CSC’s proven record in application outsourcing, we also expect this expanded relationship to help us continue to improve service to our agents and policyholders.”
“By working with CSC in this initiative, Conseco will be optimally positioned to support its dynamic needs and opportunities,” said Michael W. Risley, president of CSC’s Life and Annuity Division. “CSC’s application outsourcing services help carriers contain costs and mitigate financial risks in a trusted application environment.”
Conseco, Inc.’s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, critical illness and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. For more information, visit Conseco’s web site at www.conseco.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 system 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 $16.0 billion for the 12 months ended Oct. 2, 2009. For more information, visit the company’s Web site at www.csc.com.