CSC Signs Insurance Software Licenses with Leading Carrier
News Release -- September 21, 2010
nbAccelerator, Business Analytics to Help Multiline Insurer Achieve Growth Objectives
FALLS CHURCH, Va., Sept. 21 – CSC (NYSE: CSC) today announced that a major multiline insurance provider has signed a license and maintenance contract for CSC’s New Business Accelerator (nbAccelerator) and Insurance Optics Business Analytics. The growing company will integrate the two new applications with its existing CSC policy administration system, CyberLife.
The insurer will use nbAccelerator for application submission, requirements management, work tracking management and policy issue processing for traditional life insurance, universal life insurance and disability income insurance. The company will also implement Business Analytics to access and analyze new business and customer data from multiple systems to proactively and quickly address changing conditions.
“nbAccelerator helps insurers speed new business and create efficiencies by eliminating processing steps, reducing handoffs and automating more tasks, while Business Analytics helps carriers transform new business data into useful, actionable information,” said Michael W. Risley, president of the Life Insurance and Annuity division of CSC’s Financial Services Group. “With world-class solutions such as these, CSC can help insurers reach their growth objectives and reduce the risks associated with change.”
nbAccelerator supports multiple products, distribution channels and administration systems, and provides the technology and business processes needed to seamlessly manage new business. Comprised of underwriting, automation, document management and production-proven work management, nbAccelerator decreases the cost of issuing life and annuity contracts while increasing productivity.
Business Analytics software and services, a part of CSC’s Insurance Optics family of business intelligence solutions, allow insurers to quickly monitor business results and their drivers. The software displays critical data in report or dashboard views with interactive filters, sliders and gauges that make it easy to drill down and reveal specific causes of particular outcomes.
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 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.