Swiss Re, a Switzerland-based re/insurance group, has selected Computer Sciences Corporation's (CSC) multiple software applications as its strategic property and casualty (P&C) insurance processing platform to support its North American Corporate Solutions business.
CSC said that the agreement between the two business specifies that CSC will host and manage a comprehensive insurance administration system, POINT IN; AWD business process management (BPM) software; Advanced Claims, claims management software; and Agency Link, real-time web portal for agents.
According to CSC, POINT IN components licensed by Swiss Re include media management, document production and underwriting.
The enhanced configuration tools of POINT IN allow carriers to easily create their own rules or choose from the hundreds pre-built into the system.
AWD, the new version of the business process engine from DST Technologies, has been designed, to improve staff productivity as well as assisting in cost reduction as a result of streamlined business processes, along with the automation of manual tasks and balancing of work for global organizations.
CSC P&C insurance division president Jeffery Schwalk said this new contract significantly expands the existing long-term relationship, which has primarily been focused on business process outsourcing.
Swiss Re Corporate Solutions chief operating officer Jan Ellerbrock said the combination and integration of these systems with CSC’s Advanced Claims and Agency Link will help Swiss Re Corporate Solutions standardize and streamline its North American business operations, which range from mid-sized commercial to large industrial and specialty risks.
"A new, modern, end-to-end policy administration platform is a significant step forward to consolidate our business on a single platform and support our growth aspirations in Corporate Solutions," Ellerbrock said.