Computer Sciences Corporation (NYSE: CSC), a leading global information technology (IT) services company, announced today that Kenya-based ZEP-RE (PTA-Reinsurance company) has licensed SICS/nt, CSC's international insurance and reinsurance solution, to administer the company's reinsurance processes.
In doing so, ZEP-RE becomes CSC's first SICS/nt customer in Kenya.
SICS/nt is CSC's object-oriented administration software for assumed reinsurance business for companies operating in the life, and property and casualty reinsurance market. The solution's product suite manages administrative functions including treaty and facultative underwriting, risk management, cession/retrocession, claims handling, technical accounting and reporting on one global platform.
Established in Nairobi in 1992, ZEP-RE is an institution of the Common Market for Eastern and Southern Africa (COMESA) and was established with the main goal of fostering economic growth and development in the region through the trade of insurance and reinsurance business.
"We were outgrowing our existing technology and needed to replace it," said S.M. Lubasi, managing director of ZEP-RE. "It's vital that we have the right infrastructure in place to transact and administer our reinsurance business. SICS/nt gives us all the functionality we need within a fully integrated system that has the inherent flexibility and scalability to grow with us and help us meet our goal of being the region's foremost provider of first-class reinsurance services."
"We're delighted to welcome ZEP-RE to our portfolio of SICS/nt customers and expand CSC's presence into Kenya," said David Lister, vice president of CSC's Financial Services Group in Europe, the Middle East and Africa. "CSC has extensive experience helping organizations improve their processes and achieve greater levels of efficiency. Insurers are seeing significant results from the business process improvements and are able to focus on other challenges."