CSC Licenses Product Accelerator to Jackson

CSC (NYSE: CSC) announced that Jackson National Life Insurance Company® (Jackson®) of Lansing, Mich., one of the nation's top 20 life insurance companies, as ranked by A.M. BestJackson will use the application to build a flexible content repository for product-related information residing in various systems throughout the company, eliminating redundant data entry and increasing efficiency and reporting capabilities for compliance purposes.

By isolating product configuration outside policy administration systems, Product Accelerator centralizes information and provides a life insurer with a single point of access to customize, update and maintain product tables throughout the enterprise. It also allows carriers to introduce new products faster and with greater ease, and to monitor activities more closely for internal audit needs and external compliance requirements.

Product Accelerator supports the entire product life cycle with a comprehensive product library and centralized rules, calculations and documentation. In addition to a robust test facility and content management features, the software includes user interface wizards that allow business personnel to easily update tabular data and perform other functions with little or no involvement from IT staff.

"At Jackson, we implement solutions to reinforce the efficiency, quality and forward-thinking culture of our organization," said Mark Clark, chief information officer, Jackson. "The result is a modern, service-focused environment supported by state-of-the-art technology and business processes. The decision to deploy Product Accelerator was the result of collaboration between business and IT to manage crucial data in the most effective way, enhancing our ability to introduce innovative products quickly in response to changing market demands."

"The decision to shift table maintenance tasks to Product Accelerator is the kind of creative initiative that defines Jackson as a market leader," said Michael W. Risley, president of CSC's Life Insurance and Annuity Division. "Backed by 30 years of experience in product definition, business logic, calculations and validation rules, Product Accelerator enables significant improvement in back-office functionality and fosters the agility needed to seize new business opportunities."