Success Stories
Swiss Re Benefits from Enhanced Global Reporting and Achieves Significant Process Cost Savings
Client:
Swiss ReChallenge:
- Increase efficiency of global operations.
Solution:
- Reorganize P&C back-office processes onto a single global platform: CSC's SICS/nt.
Results:
- Migrated legacy systems and streamlined processes.
- Unified more than 700 users in Swiss Re's European, Asian and Latin American offices.
Swiss Re is the second largest reinsurance company in the world, and aims to match its growth objectives with increased efficiency of its global operations.
In support of this strategy, Swiss Re implemented a global platform on which to run streamlined P&C business administration processes, with the aim of reducing back-office administration costs and improving management information. With CSC's SICS/nt installed, a large part of Swiss Re's P&C business group now operates on a single platform.
Collaboration to Tailor Standard Offering
Swiss Re was already a user of CSC software, and the two companies have a long-standing and strong working relationship. Swiss Re and CSC collaborated together to develop and refine CSC's latest SICS/nt package to meet Swiss Re's specific requirements.
Greater Functionality and Usability
With SICS/nt fully implemented throughout its Asian, Latin American and most of its European offices, Swiss Re has a new global technology application for its contract administration, claims administration and technical accounting requirements. The system provides greater functionality and usability that has resulted in:
- Improved decision making through timely reporting
- Significant productivity gains
- Cross-company information sharing
- Significant cost savings
To learn more about SICS, contact us by phone or email. Only CSC will use the information you provide.