CSC Home PageSkip to Main Content
About Us | Services | Client Results | Insights | Contact Us | Careers
Case Studies
Offerings
News
Events
Outsourcing & Services
Risk & Claims Software
Strategic Consulting
Contact Us
Risk Management & Claims
Home Page Home Arrow Solutions Arrow Risk Management & Claims Arrow News
Print

Caroline Harrison
Sapphire PR
Tel: 0208 249 6555
> Email
 
Francoise Dibben
CSC's Financial Services Group, EMEA
Tel: 01252 536492
> Email
 

News Release -- May 5, 2005

ALLIANZ CORNHILL EXTENDS CSC'S COLOSSUS LICENCE TO 2010

Aldershot, 5 May 2005 – Computer Sciences Corporation (NYSE: CSC), a leading global information technology (IT) services firm, announced today that Allianz Cornhill, one of the UK’s leading insurers, has signed a new five-year contract for CSC’s personal injury claims solution, Colossus.

Allianz Cornhill, based in Guildford, Surrey, first licensed Colossus in March 2000 and has since used the system extensively. Colossus, which is used by more than 50 companies worldwide, is the insurance industry's leading knowledge-based claims evaluation system. The system helps claims handlers fairly and consistently evaluate injuries, treatments, resolution, impairment and general damage settlements, and is based on thousands of rules intended to help adjusters assess a wide variety of claims and medical information. In the UK, Colossus is used to process more than 60 percent of all the claims handled by general insurers.

“Working closely with CSC, Colossus has helped us improve our handling and settlement of personal injury claims,” said Harry Rule, Allianz Cornhill’s claims manager. “We can monitor our claims costs more accurately and this alone has been a key factor in achieving consistency in claims settlement.

“Allianz Cornhill’s decision to stay with Colossus illustrates how much value it has already added to their business and how much they believe it will add in the future,” said John Maitz, vice president and head of CSC’s General Insurance division for Europe, the Middle East and Africa. “In today’s world of spiralling insurance claims and costs, no insurer can afford to be complacent about their claims handling system. Allianz Cornhill’s confidence in Colossus proves this point.”

About Allianz Cornhill

Allianz Cornhill is one of the largest general insurers in the UK and part of the Allianz International Financial Services Group. The company was voted General Insurer of the year in 2004 and celebrates its centenary in 2005.

CSC in Financial Services

CSC distinguishes itself through its time-tested ability to plan, build and operate highly reliable, efficient and secure business and IT solutions for leading financial services firms around the world. To complement its capabilities in consulting, systems integration and outsourcing, CSC brings financial services industry knowledge and experience, a comprehensive portfolio of financial services application software and an extensive network of industry and technology partners. CSC’s financial clients include more than 1,200 major banks, insurers and investment management and securities firms.

About CSC

Founded in 1959, Computer Sciences Corporation is a leading global IT services company. CSC's mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.

With approximately 79,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in El Segundo, Calif., CSC reported revenue of $13.9 billion from continuing operations for the 12 months ended Dec. 31, 2004. For more information, visit the company's Web site at www.csc.com.


Downloads

Download a PDF of this news release below.

Download Icon Download the file






© Copyright 2008 Computer Sciences Corporation | Privacy Policy | RSS