Life Insurance and Annuity Community Selects Winners of CSC Innovation Awards
News Release -- August 12, 2010
CSC Solutions Help Insurers Improve Productivity, Achieve Growth
FALLS CHURCH, Va., Aug. 12 – CSC (NYSE: CSC) today announced the winners of its second annual Innovation Awards, recognizing life insurance and annuity companies for their innovation and leadership in the areas of technology and quality enhancement. The company’s client community nominated and selected the award winners, who were honored during CSC’s Connect for Life and Annuity users’ conference in June.
Nearly 400 life and annuity industry business and technology professionals attended the annual conference held this year in Austin, Texas. The 2010 award winners include Jackson National Life Insurance Company® (Jackson®), Lansing, Mich.; Lincoln Financial Group, Philadelphia, Pa.; Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, Mass.; Northstar Financial Services, Bermuda; Ohio National Financial Services, Cincinnati, Ohio; and Thrivent Financial, Minneapolis, Minn.
Jackson won the Innovation in Customer Service Award for its use of Claims Management Accelerator to improve automation of claims processing and support growth initiatives, while providing better service and keeping operating costs low.
Lincoln Financial Group was selected for the Innovation in Policy Administration Award for the successful execution of a program to consolidate its life insurance administration systems. When the program is fully completed in 2011, Lincoln Financial will have reduced the number of platforms from 14 to three.
Northstar Financial Services was chosen for the Innovation in Global Sourcing Award for the use of Wealth Management Accelerator, AWD and PerformancePlus in CSC’s business process outsourcing operations, which has enabled the company to cut expenses and enhance its image as a service provider to its customers.
In a category introduced this year, Most Innovative Project Award, MassMutual and Thrivent Financial were honored for their collaborative partnership with CSC to add compliance-related enhancements to the Wealth Management Accelerator system, resulting in improved automation and lower investments in development for their companies.
Ohio National was recognized in a second new award category, the WikonnecT Social Networking Award, in recognition of the company's leadership in the use of CSC’s business-to-business social networking site to foster collaboration among client and CSC community members.
“CSC congratulates the winners of these awards, which spotlight those companies that demonstrate industry best practices and achieve business excellence by driving greater value from their technology investments,” said Michael W. Risley, president of the Life and Annuity Division of CSC’s Financial Services Group. “To be singled out as industry leaders by their peers is truly an honor for each of these companies.”
For more information about CSC's solutions for life insurance and annuity companies, visit www.csc.com/life_annuities_and_pensions.
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. The company has been recognized as a leader in the industry, including being named by FORTUNE Magazine as one of the World’s Most Admired Companies for Information Technology Services (2010). Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the company’s website at www.csc.com.