Computer Sciences Corporation has signed a five-year, $80 million information technology (IT) outsourcing agreement with Tryg, Denmark's largest insurance company.
Under the terms of the agreement, CSC will provide mainframe, midrange, desktop, Web hosting, print and distributed computing infrastructure services, as well as Tryg’s help-desk and networking functions. Additionally, CSC will implement a mainframe disaster recovery solution for Tryg.
Peter Falkenham, Tryg managing director says the agreement will lead to improvements in quality, accessibility, stability and speed in IT systems. "At the same time, we will reduce the operational costs, which will influence our expense ratio favorably," he says.
Tryg’s current IT supplier, Nordea-IT, is the IT organisation of Tryg’s former owner, Nordea. Seven IT staff from Tryg and 70 from Nordea-IT are expected to join CSC on 1 December, 2003.
Tryg’s and Nordea’s existing business partnership, under which Tryg markets Nordea’s pension products and Nordea markets insurance services on behalf of Tryg, will continue unchanged.