18 February 2018
Visit www.avoka.com

CSC inks Pan-American Life Insurance IT outsourcing deal

20 January 2006  |  1945 views  |  0 Source: CSC

Computer Sciences Corporation (NYSE:CSC) today announced that Pan-American Life Insurance has signed an information technology (IT) outsourcing agreement with CSC to support its U.S. and Latin American operations.

CSC estimates the value of the 7.5-year contract to be approximately $27 million.

Under the agreement, CSC facilities in San Diego, Calif., and Austin, Texas, will assume responsibility for Pan-American's data center operations, including mainframe applications and midrange and server systems. CSC also will manage Pan-American's network operations and desktops in the United States, as well as in Colombia, Ecuador, El Salvador, Guatemala, Honduras, Panama and Puerto Rico. In addition, CSC will provide Pan-American with enterprise help-desk services in both English and Spanish.

By using CSC's global, integrated IT infrastructure, Pan-American will have a consistent environment and the ability to standardize processes companywide. Through outsourcing, Pan-American also gains access to the latest technology and industry best practices, as well as a more predictable and scalable structure for its IT costs.

"CSC went the extra mile to help us recover from the damage to our home office in New Orleans after Hurricane Katrina," said Pat McGunagle, Pan-American executive vice president. "We trust CSC's software, but their responsiveness and knowledge of the insurance industry made it clear we could entrust them with our total infrastructure as well."

A user of CSC's life insurance administration systems for more than 15 years, Pan-American turned to CSC for short-term disaster recovery in September after damage from Katrina destroyed employees' homes and forced Pan-American out of its New Orleans headquarters. CSC established a back-up data center at its facility in Irving, Texas, for the carrier and provided workspace for Pan-American employees who were forced to evacuate.

"After Katrina, we learned a great deal about Pan-American by helping the company rebuild its operations almost from scratch," said Michael W. Risley, president of the Life and Annuity Division of CSC's Financial Services Group. "Our experience in IT infrastructure hosting enables us to achieve key results in line with Pan-American's business goals, while simultaneously helping the company ensure preparation for future disasters."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://www.capgemini.comvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10764 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8429 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8153 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7879 views 3 | 9 tweets | 4 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job