18 December 2017
visit http://response.ncr.com

CSC wins Wilton Re BPO contract

06 May 2009  |  2280 views  |  0 Source: CSC

CSC (NYSE: CSC) today announced that it has signed a new contract with Wilton Re, of Wilton, Conn., to provide a full range of business process outsourcing (BPO) services.

The 10-year agreement, awarded to CSC during the company's fiscal 2009 third quarter ended Jan. 2, 2009, has an estimated value of $90 million. This contract was included in CSC's previously announced business awards of approximately $2.7 billion for the third quarter.

Under the agreement, CSC will provide full back-office administration services for an additional 270,000 life policies and convert those policies to its CyberLife policy administration system. Leveraging CSC's consolidated global processing environment, Wilton Re will gain a more predictable and scalable cost structure and access to advanced application software, business processes, and insurance and technology management best practices.

"We offer traditional reinsurance and capital market approaches to assist our clients in their risk and capital management activities," said Enrico J. Treglia, senior vice president and chief operating officer of Wilton Re. "By expanding our relationship with CSC, we are able to provide insurers with cost-effective divestitures of non-core businesses."

"With the current volatility in the financial services market, more companies are turning to CSC for innovative ways to efficiently, cost-effectively and reliably manage their business," said Michael W. Risley, president of the Life and Annuity Division within CSC's Financial Services Group. "Additionally, companies are seeing a true advantage in pairing with a provider that can leverage a full suite of insurance application software and industry expertise."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11019 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8399 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7513 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6985 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6943 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job