Integral, a comprehensive software suite for all lines of insurance, including end-toend policy/group management, product configuration and business analytics capabilities has been launched by CSC (News - Alert). To enable licensees to implement quickly and operate cost-effectively, the portable Java-based Integral architecture integrates multi-line, multilingual and multicurrency insurance processing for life insurance, annuities/pensions, property and casualty/general insurance and group insurance administration. CSC's collective insurance expertise, represented by Integral, is the outcome of a strategic innovation program to expand the technology platform choices for LIFE/Asia, POLISY/Asia, POLISY/J, LIFE/J and GROUP/Asia family of CSC software. In more than 34 countries, for a client base of nearly 125 companies, those systems, supported by local, dedicated service delivery teams, are processing at least 65 million policies and groups. 'Insurers are seeking systems that are, on the one hand, highly integrated, leveraging a common architecture and data model. On the other hand, they should be able to be implemented solutions in a phased, function-by-function or modular approach. The insurers will experience better results from finding modules that are pre-integrated for easier deployment and reduced implementation risks,' Kimberly Harris-Ferrante, vice president, distinguished analyst and IR chief of Research, Gartner (News - Alert), said. 'Taking this approach, insurers can find improved results including faster return on investment, easier straight-throughprocessing capabilities, and overall reduced project risks.' Integral is considered as the best option for multinational insurance firms seeking a single platform for regional or international operations; domestic insurance firms wanting to launch a new product quickly without disrupting their existing processing; insurers needing a self-contained insurance administration solution for quick start-up of new ventures; and multi-line insurers looking for a complete, lowmaintenance processing capability for a secondary line of business. An example of CSC's commitment to client choice, Integral further enhances CSC's ability to offer the best solution to the client wherever the client operates. 'To aid our expansion into new markets, we have enhanced some of our best regional, multi-line and multi-currency software for platform portability and reuse globally,' Ray August, president of CSC's Financial Services Group, said. 'CSC remains committed to delivering the right solutions to the right markets at the right time to help our clients boost customer service, create efficiencies and meet their growth objectives.' In related news, to provide services to support program executive officer aircraft carriers, CSC has received a task order from the US Navy. The task order has a oneyear base period and four one-year options, bringing the estimated total five-year value to $135 million.
Deepika Mala is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page. Edited by Juliana Kenny