CSC Positioned as a ‘Leader’ in Leading Analyst Firm's European Life Insurance Policy Administration Report

Pressemelding -- September 30, 2011

ALDERSHOT, U.K., 30 September 2011 – CSC (NYSE: CSC) today announced that its GraphTalk A.I.A software is positioned in the “Leaders” Quadrant of Gartner’s second Magic Quadrant for European Life Insurance Policy Administration Systems, authored by Juergen Weiss, a Gartner research director. Published on 15 Sept. 2011, the report reviewed 16 software solutions specifically looking at the completeness of their vision and their ability to execute.

Explaining why life insurers and pension providers choose vendor solutions, the report stresses, “Cost considerations, pressure for a faster time to market of new products, skills shortages, mitigation of system risks and growing compliance concerns are among the main drivers for legacy system replacement.”

“With a long-standing commitment to help insurers around the world meet their business objectives, whether it is to achieve global synergies, reach new markets, accelerate product development or explore new distribution channels, CSC continues to make extensive investment in enhancing GraphTalk A.I.A’s functionality and technology infrastructure,” said Steve Mitchener, president of CSC’s Financial Services Group for Europe, Middle East and Africa. “We are proud to be recognised by Gartner with our Leaders Quadrant position in the market place, as we believe it reflects the value we deliver to our customers every day.”

With over 100 implementations of GraphTalk A.I.A throughout 25 countries worldwide, GraphTalk A.I.A is one of CSC’s leading global insurance software solutions for multi-line, multilingual, multi-currency administration. It is an advanced, flexible, end-to-end solution for insurers worldwide, offering unmatched administration support for group and individual life and health, annuities, pensions and general insurance products. It is ideally suited to multinational insurance companies that need to rationalise their business across multiple lines and geographies, as well as insurers wanting to consolidate multiple legacy systems and provide integrated support for multiple lines of business and distribution channels.

For more information, visit www.csc.com/graphtalkaia.

About Gartner's Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Read the full Gartner's Magic Quadrant for European Life Insurance Policy Administration Systems report.

About CSC

CSC is a global leader in providing technology-enabled business solutions and services. Headquartered in Falls Church, Va., CSC has approximately 93,000 employees and reported revenue of $16.2 billion for the 12 months ended July 1, 2011.

For more information, visit the company’s website at www.csc.com.

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Download the News Release (133 KB, PDF)

Read the Gartner Magic Quadrant for European Life Insurance Policy Administration systems report.