CSC has launched version 3.0 of its insurance industry data model, which unifies multiple sources of data into a complete, logical representation of data across an insurance enterprise to provide improved decision-making.
CSC said that the new version is a licensable offering within its insurance optics suite of business intelligence solutions that can be complemented with its master data management and data governance consulting services.
The data model built using IBM’s information management platform accelerates extraction, transformation and provisioning of data from CSC core systems, in addition to third-party and other disparate sources.
The new version of data model features 400 tables spanning around 35 subject areas that include 7,000 distinct data attributes that can be bundled for licensing.
In addition, it includes all the necessary data attributes by covering all lines of life insurance, annuities, pensions, and property and casualty/general insurance business.
CSC financial services group president Ray August said that new version of model is based on the company’s experience helping around 500 insurance clients to reduce costs, improve productivity and achieve their business objectives.