Director, Media and Analyst Relations
Financial Services Group
Director, Investor Relations
CSC Announces New RISKMASTER Accelerator Licensing Agreements with Self-Insured Organizations
News Release -- July 24, 2012
The New York Black Car Fund, Ruan Among New Clients Choosing Software for Claims and Risk Management
FALLS CHURCH, Va., July 24 – CSC (NYSE: CSC) today announced that multiple self-insured organizations have licensed RISKMASTER Accelerator, an end-to-end claims and risk management system, over the last three quarters. The new clients, which represent the transportation, retail, oil and gas and healthcare industries, will use the software to self-administer workers’ compensation, professional liability and short-term disability claims, minimize their financial exposures and reduce associated costs. Each contract also includes RISKMASTER Accelerator’s Insurance Optics Business Analytics component, helping the organizations gain insight into their risk and claims data through advanced reporting capabilities.
Among the licensees are The New York Black Car Fund, which provides workers’ compensation insurance to black car operators in the state of New York, and Ruan Transportation Management Systems, a national transportation management company located in Des Moines, Iowa. Additional clients include a national small box discount retailer, a leading long-term healthcare provider and an oil and gas services provider.
“With more than 200 members who have more than 10,000 affiliated drivers providing chauffeur-driven transportation to corporations and private clients throughout the state of New York, The New York Black Car Fund has a responsibility to manage risks and claims as we maintain our focus on safety,” said Ira J. Goldstein, executive director, The New York Black Car Fund. “We selected RISKMASTER Accelerator and Business Analytics to accelerate our response to claims, make fast and accurate decisions and reduce our claims management costs.”
“Thousands of risk and claims professionals rely on CSC’s software for analyzing claims, tracking incidents, evaluating injuries and identifying potential fraud,” said Jeffery Schwalk, president of CSC’s Property and Casualty Insurance Division. “CSC’s comprehensive risk and claims offerings equip self-insured organizations, corporate claims departments and third-party administrators with the tools and capabilities needed to significantly elevate efficiency across the board.”
In a strategic move toward a common claims platform, CSC recently announced RISKMASTER Accelerator, which combines CSC’s RISKMASTER and Advanced Claims software, offering comprehensive claims processing for any North American entity handling property and casualty claims. For more information, visit www.csc.com/riskmaster_accelerator. For RISKMASTER Accelerator clients, CSC has launched a newly refreshed website with a user-friendly environment. Accessible to clients at www.riskmaster.com, the site provides information about product updates, services, training and development, as well as events.
About CSC in Financial Services
More than 1,200 major banking, insurance, investment and wealth management, and securities firms rely on CSC's global financial services team to turn their ambitions into realities. With a track record for delivering software, consulting, and IT and business process outsourcing and services at scale, CSC brings a deep understanding of the financial services business and a collaborative culture to one of the industry’s most engaged client communities. For more information, visit www.csc.com/financialservices.
CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 98,000 employees and reported revenue of $15.9 billion for the 12 months ended March 30, 2012. For more information, visit the company’s website at www.csc.com.