Ohio Mutual Selects CSC’s End-to-End Billing Software
December 01 2015 - 9:15AM
Business Wire
Multi-Line Insurer to Consolidate Billing for
All Lines of Business across $400M in Assets
CSC (NYSE: CSC), a global leader in next-generation IT
services and solutions, today announced Ohio Mutual Insurance Group
will implement Premium Billing 360° (PB360°), CSC’s billing
software for property and casualty carriers, life insurance and
annuity companies, and health insurers. Ohio Mutual will use the
software, which processes all insurance bill types and lines of
business across all distribution channels, to expand its business
by bringing new offerings to market, enhancing competitiveness and
customer intimacy, and accelerating profitable growth. The Bucyrus,
Ohio-based insurer currently offers policies covering homes, autos,
farms and commercial properties in seven U.S. states through a
network of nearly 400 independent agents.
A real-time system available 24x7 via Internet browser or mobile
apps, PB360° interfaces with any policy administration solution
regardless of platform or industry. It will allow Ohio Mutual to
provide multiple billing and payment options that can be deployed
in weeks rather than months. The software offers more than one
hundred different configuration points, enabling users to add new
plans, retire old ones and make other changes without IT
involvement, thereby reducing cost. Other system features boost
efficiency, simplify reporting and improve agent-commission
accuracy.
“We were seeking a modern, enterprise-wide billing solution that
could interface with our existing systems to streamline internal
processes and lower operating costs,” said Todd Albert, vice
president of Information Systems for Ohio Mutual. “PB360° is a
function-rich, configurable and scalable solution that will enable
us to roll out new billing plans quickly and cost-effectively for
all of our product lines and in all of the states in which we do
business.”
“A carrier’s most frequent touch point with customers, billing
has become a differentiator for insurers and their agents in all
lines of business,” said Phil Ratcliff, vice president and general
manager for CSC in Insurance. “Developed in collaboration with the
nation’s leading insurance companies, PB360° enables carriers to
improve customer satisfaction, lower billing transaction costs and
improve operational efficiency while embracing growth opportunities
in additional states and markets.”
PB360° supports accurate and detailed producer management and
commission processing, and it enables both automatic and on-demand
correspondence. The system provides numerous standard operating
reports and stores transactional data in a relational database for
additional reporting purposes. Users can create customized reports
with the optional Business Analytics component or other reporting
tools. The system’s Media Management component provides a
consolidated view of each customer’s billing and payment history,
including an archived image of the actual invoice.
Highly scalable with multiple deployment options — Software as a
Service, cloud or in-house — PB360°’s open architecture separates
the presentation, application integration and business services
tiers, allowing companies to easily extend the system to meet
business needs. For more information about PB360°, visit
www.csc.com/pb360.
About Ohio Mutual Insurance Group
Ohio Mutual Insurance Group, founded in 1901 with its home
office in Bucyrus, OH, and a regional office in Saco, ME, partners
with nearly 400 independent agencies to distribute quality property
and casualty insurance products throughout Connecticut, Indiana,
Maine, New Hampshire, Ohio, Rhode Island, and Vermont. Ohio Mutual
has maintained a rating of “A / Stable” from A.M. Best Co. for 23
consecutive years, and was named to the prestigious Ward’s 50 in
2009 - 2013. Additional company information is available at
www.omig.com.
About CSC
CSC (NYSE: CSC) leads clients on their digital
transformation journeys. The company provides innovative
next-generation technology services and solutions that leverage
deep industry expertise, global scale, technology independence and
an extensive partner community. CSC serves leading commercial and
international public sector organizations throughout the world. CSC
is a Fortune 500 company and ranked among the best corporate
citizens. For more information, visit us at www.csc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006011/en/
CSC ContactsRichard Adamonis, Global Media Relations,
CSC862-228-3481radamonis@csc.comorNeil DeSilva, Investor Relations,
CSC703-641-3000neildesilva@csc.com
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