CSC Unveils 'Insurance Optics' Suite to Help Insurers Improve Speed, Quality of Business...

* Reuters is not responsible for the content in this press release.

Mon May 18, 2009 11:00am EDT

CSC Unveils 'Insurance Optics' Suite to Help Insurers Improve Speed, Quality
of Business Decisions

FALLS CHURCH, Va., May 18 /PRNewswire/ -- CSC (NYSE: CSC) today introduced
Insurance Optics, a family of business intelligence and financial risk
solutions for insurance companies. Coupling insurance industry expertise with
proven tools, CSC's new offerings enable users to access complex data from
multiple systems to more accurately predict changes in their businesses, track
key metrics with customized reports and graphical dashboards, and proactively
respond to rapidly changing conditions.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO)

The first solution, CSC's Financial Risk Intelligence, combines CSC's
insurance domain expertise, insurance data management and consulting
experience, and a new proprietary insurance industry data model with a leading
financial risk modeling solution for life and annuity companies. Financial
Risk Intelligence provides carriers with the integrated information
infrastructure and analytical capabilities required to gain fact-based insight
into their current enterprise financial risk position. This insight can help
reduce reserves and drive operational performance improvements.

Two other solutions expand CSC's Business Analytics offering. Based on the
SAP(R) BusinessObjects(TM) XI solutions, Business Analytics is offered as an
option with full integration to selected CSC insurance systems. Licensed by
nearly 40 property and casualty (P&C) insurance carriers and self-insured
firms, it has been enhanced to provide P&C clients with new customized
dashboards that can incorporate data from external sources with data stored
within. In addition, Business Analytics is now tailored for the life and
annuity market and includes segment-specific reports and dashboard templates. 

CSC's Business Analytics consultants are available to leverage their deep
insurance expertise to help all types of insurance clients design reports and
dashboards customized to support their strategic business objectives and
enhance competitive advantage.  

"Today, companies are preparing for possible new reporting procedures demanded
by regulatory bodies and developing strategies to capitalize on their data
assets," said Kimberly Harris-Ferrante, vice president and distinguished
analyst at Gartner Inc. "It is more critical than ever that insurers have
enterprise data access and can effectively and quickly mine data to get a
real-time understanding of their business operations, identify opportunities,
comply with new regulatory requirements and identify risks."

"Companies that can capitalize on the mountains of data available to them are
the ones who will succeed through their improved decision-making and
risk-management capabilities," said Jim Cook, president of CSC's Business
Solutions and Services Sector. "CSC's Insurance Optics offerings extend beyond
compliance and operational reporting to help carriers identify positive and
negative trends in time to act on them."

About CSC
CSC is a global leader in providing technology-enabled solutions and services
through three primary lines of business. These include Business Solutions &
Services, Global Outsourcing Services and the North American Public Sector.
CSC's advanced capabilities include systems design and integration,
information technology and business process outsourcing, applications software
development, Web and application hosting, mission support and management
consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000
employees and reported revenue of $17.1 billion for the 12 months ended Jan.
2, 2009. For more information, visit the company's Web site at www.csc.com.



SOURCE  CSC

Marian Kelley, Director, Media and Analyst Relations, Financial Services
Group, +1-512-275-5722, mkelley3@csc.com, or Janet Herin, Sr. Manager, Media
Relations, Corporate, +1-310-615-1693, jherin@csc.com, both of CSC
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.