CSC Wins XCelent Award for New Business and Underwriting for Annuities, Life & Health Insurance
August 17 2016 - 8:00AM
Business Wire
Celent Recognizes CSC New Business System as
Leader in Customer Base for North America
CSC (NYSE: CSC), a global leader in next-generation IT services
and solutions, today announced that nbAccelerator,® its new
business and automated underwriting system, has been named the
winner of an XCelent Customer Base award in Celent’s recently
published North American New Business and Underwriting Systems
2016, Life, Annuity, and Health ABCD Vendor View.
The report uses Celent’s proprietary framework, ABCD Vendor
View, to profile and benchmark 14 systems in use or being marketed
for North American life, health and annuity products. Vendors with
the highest score in each category are recognized as XCelent award
winners. CSC’s nbAccelerator led the “Customer Base” category
following an analysis of a number of insurers in production using
the system for e-applications and automated underwriting.
“Due to the ongoing economic conditions that continue to have an
adverse impact on life insurance application volumes, insurers have
a strong interest in reducing the cost of acquisition, processing
and issuing life insurance applications,” said Karen Monks, Celent
analyst and co-author of the report. “Automating the new business
and underwriting functions are critical components in reaching a
level of straight-through processing for new business. CSC’s
nbAccelerator has many strong features that are worthy of
consideration for large- to medium-size insurers looking for an
automated underwriting system.”
A full assessment of CSC and other offerings appears in the
report.
CSC’s nbAccelerator helps life insurance and annuity companies
close new business faster by automating repetitive steps and
integrating work management, marketing, sales and service
activities. It streamlines the capture and submission process,
automates repetitive tasks and ensures work is distributed
appropriately and handled properly. It also speeds risk assessment
and automates underwriting decisions.
“We are honored that Celent has recognized the scale of our
customer base as one of the important reasons for CSC’s leadership
helping clients streamline the application, submission and
underwriting process,” said Phil Ratcliff, vice president and
general manager, CSC Global Insurance Industry. “We are deeply
committed to helping clients leverage the investment in
nbAccelerator to accelerate their digital transformation
journey.”
The XCelent Awards are designed to help insurance companies and
other providers stay abreast of industry trends by evaluating the
shifting vendor marketplace and awarding technology best
practices.
Learn more about nbAccelerator and how insurance companies are
transforming with innovative, next-generation technology services
in the CSC paper, “Key Shifts Mark the Path to Digital
Insurance.”
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 the company’s website at
www.csc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160817005175/en/
CSCSara Herrmann, 571-255-9863Corporate Media
Relationssherrmann@csc.comorCSCNeil DeSilva, 703-245-9700Investor
Relationsneildesilva@csc.com
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