CSC - CSC RANKS FIRST IN BPO CONTRACT VOLUME FOR LIFE INSURANCE, PENSIONS AND ANNUITIES

India, 24th Feb. 2009 – CSC (NYSE: CSC) appear that it holds the better amount of appear affairs in life, pensions and annuities business action outsourcing (BPO), according to a new address from Celent, a banking casework technology analysis and advising firm. CSC aswell was identified, in agreement of arrangement count, as the arch provider in acreage and blow (P&C) allowance BPO for action administration.

For its Dec. 24, 2008, address entitled, “Business Process Outsourcing in North American Insurance,” Celent calm abstracts on 278 BPO contracts, apery an estimated $1.4 billion in anniversary revenue, and again analyzed the after-effects to analyze the arch BPO providers. In accession to accepting the a lot of affairs in these sectors, CSC was cited as a baton in agreement of estimated BPO acquirement and full-time allowance BPO employees. The CSC BPO casework cover action administration, accepted systems, alarm center, billing, underwriting, abutment functions and distribution.

“Recent bread-and-butter contest accept already added brought amount ascendancy to the top of the insurer agenda,” said Mike Fitzgerald, chief analyst in Celent’s allowance convenance and columnist of the report. “With abeyant amount accumulation of up to 50 percent through BPO, as cited by respondents to our survey, we apprehend added insurers to outsource added processes, growing to ability an estimated $4.1 billion in 2013 from $1.9 billion today.”

“As the bazaar considers outsourcing added processes, we abide to enhance our onshore and adopted archetypal and arrange new energy-saving, defended technologies to advice our audience access efficiency, lower accurate and electrical costs and advance accommodation for growth,” said Jim Cook, admiral of CSC’s Financial Services Sector. “We action the allowance industry one of the broadest sets of casework to abutment new business and action administering behindhand of artefact blazon or account volume.”

CSC has offered allowance BPO casework for added than 20 years. The aggregation provides abounding allowance operational abutment and processing for added than 6.5 actor behavior apery added than $3 billion in activity and accomplishment premiums, $2.5 billion in P&C premiums, and added than $750 actor in flood allowance premiums. CSC aswell has 35 cyberbanking BPO audience apery $2.7 billion in premiums, 1.3 actor loans and 4.5 actor behavior and contracts. The company’s BPO casework abutment added than 100 banking casework organizations common from assorted BPO centers on three continents. CSC leverages its all-around resources, automated processes and accurate technologies to abutment around any banking casework product.

“Business Process Outsourcing in North American Insurance” was accounting as an absolute address for Celent’s allowance analysis subscribers and was not sponsored or directed by CSC or any added company. Nearly 60 allowance BPO providers were contacted for the survey. For added advice on the report, appointment www.celent.com/PressReleases/20081224/BPONA.asp.

About Celent

Celent is a analysis and advising close committed to allowance banking institutions codify absolute business and technology strategies. Celent publishes letters anecdotic trends and best practices in banking casework technology and conducts consulting engagements for banking institutions analytic to use technology to enhance absolute business processes or barrage new business strategies. With a aggregation of internationally accomplished analysts, Celent is abnormally positioned to action cardinal admonition and bazaar insights on a all-around basis. Celent is a affiliate of the Oliver Wyman Group, which is allotment of Marsh & McLennan Companies [NYSE: MMC].

About CSC

CSC is a all-around baton in accouterment technology-enabled solutions and casework through three primary curve of business. These cover Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC’s beat capabilities cover systems architecture and integration, advice technology and business action outsourcing, applications software development, Web and appliance hosting, mission abutment and administration consulting. Headquartered in Falls Church, Va., CSC has about 92,000 advisers and appear acquirement of $17.1 billion for the 12 months concluded Jan. 2, 2009. For added information, appointment the company’s Web website at www.csc.com.

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