FALLS CHURCH, Va., Aug. 27 VA-CSC-Swiss-Re-awd
FALLS CHURCH, Va., Aug. 27 /PRNewswire/ -- CSC (NYSE: CSC) today announced
that it received an FSO Knowledge Xchange (FSOkx) award for its longstanding
alliance with Swiss Re, one of the world's largest reinsurers. FSOkx, a
knowledge and information hub for outsourcing in the financial services
industry, honored CSC with a first-place award in the "Outsourcing
Relationship Excellence" category in recognition of CSC's business process
outsourcing (BPO) support for Swiss Re's Commercial Insurance.
CSC was nominated in four of the five possible award categories. In
addition to Outsourcing Relationship Excellence, CSC was selected as a
finalist for "Offshore Deal of the Year," "Technology Innovation" and
"Globalization Strategy."
Award winners were selected by a team of FSOkx research analysts and an
independent panel of judges representing financial services industry experts
and thought leaders. Together they applied eight qualitative and quantitative
parameters to determine the winners.
"CSC's BPO services have allowed Swiss Re to focus on delivering
exceptional service and world-class risk transfer capabilities to our
clients," said Jeff Argotsinger, CyberComp leader for Swiss Re's Commercial
Insurance. "We have come to appreciate and rely on well-understood service
level agreements and a collaborative process that leads to even more
improvements and cost savings."
"Sharing this distinction with Swiss Re is truly an honor," said Jim Cook,
president of CSC's Financial Services Sector. "CSC remains dedicated to
providing a broad portfolio of insurance BPO services that free our clients to
do what they do best: launch new insurance products, manage underwriting risk
and pursue new business opportunities."
CSC has been providing outsourcing services to Swiss Re since 1995,
including support and processing for both property and casualty, and life and
annuity business. CSC administers the reinsurer's workers' compensation
business on Swiss Re's CyberComp platform, which CSC built based on its POINT
IN policy administration and Agency Link software. CyberComp, which Swiss Re
uses in 24 states, enables agents and employers to underwrite workers'
compensation. With straight-through processing, agents can enter data, obtain
quotes and issue policies online, in minutes at the point of sale.
About Swiss Reinsurance Company Ltd.
Swiss Re is a leading and highly diversified global reinsurer. The company
operates through offices in more than 25 countries. Founded in Zurich,
Switzerland, in 1863, Swiss Re offers financial services products that enable
risk-taking essential to enterprise and progress. The company's traditional
reinsurance products and related services for property and casualty, as well
as the life and health business are complemented by insurance-based corporate
finance solutions and supplementary services for comprehensive risk
management. Swiss Re is rated "AA-" by Standard & Poor's, "Aa2" by Moody's and
"A+" by A.M. Best.
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 90,000 employees and reported revenue of $17.1 billion for the
12 months ended July 4, 2008. For more information, visit the company's Web
site at http://www.csc.com.
SOURCE CSC
