Francoise Dibben
CSC's Financial Services Group, EMEA
Tel: +44 (0)1252 536492
Mob: +44 (0)7801 319051
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CSC Extends Colossus Contract With Groupama Insurances
News Release -- March 05, 2012
ALDERSHOT, UK, 5 March 2012 – CSC (NYSE: CSC) today announced that Groupama Insurances has extended its contract for the licence, maintenance and support of CSC’s Colossus personal injury claims valuation offering and plans to upgrade to the latest release, version 7, in 2012. Groupama has used Colossus to help evaluate personal injury claims since 2006. As a result, the company has been able to ensure greater consistency with the claims evaluation framework Colossus creates for assisting handlers in assessing injuries, treatment, resolution, permanent impairment and general damage settlements.
Colossus version 7 features an improved browser-based graphical interface, business intelligence dashboards, real-time management reports and automatic straight-through processing of medico-legal reports.
“Colossus is an important part of our overall plan to bring greater consistency and control to our claims processing,” said Darren Wills, director of claims, Groupama Insurances. “The improved user-friendly interface in the latest release will support our goals of continuously enhancing our claims evaluation process and increasing client satisfaction.”
“CSC has a proven history of success in delivering personal injury claims technology, and Groupama’s confidence in Colossus offers great validation for continual innovation,” said Steve Mitchener, president of CSC’s Financial Services Group in Europe, the Middle East and Africa. “Used by some of the largest insurers in the United Kingdom, Ireland and United States, including four of the United Kingdom’s top seven and 20 percent of the top 30 U.S. insurers, Colossus helps claims handlers consistently and fairly evaluate claims.”
About Groupama Insurances
Established over 100 years ago in the French farming community, Groupama is now a major European insurance and banking group with over 39,000 employees worldwide, serving over 16 million customers in 14 countries. In the UK, Groupama Insurances is a highly respected specialist insurer offering solutions for non-standard motor and home insurance as well an innovative range of niche commercial products for small to medium sized businesses. The company employs over 700 staff in five centres and is an accredited 'Investor in People' Gold Standard. For more information, visit www.groupama.co.uk.
About CSC 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.
About CSC
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 $16.0 billion for the 12 months ended December 30, 2011. For more information, visit the company's website at www.csc.com
