Property and Casualty Insurers Choose CSC as Top Technology Provider

FALLS CHURCH, Va., June 24 /PRNewswire/ -- CSC (NYSE: CSC) today announced that it has received nine insurance industry recognitions from three separate groups during the 2008 ACORD LOMA Insurance Systems Forum. The awards, which were determined by property and casualty (P&C) insurance carriers, include first-place rankings in integrated systems, information technology (IT) services and IT outsourcing. The company also received an early adopter award for its leading administration system for life and annuity products, CyberLife.

"With one of the industry's broadest portfolios of insurance software and consulting services, CSC continues to deliver practical yet inventive solutions that answer immediate mission-critical client needs," said Ray August, president of CSC's P&C Insurance Division. "These industry acknowledgments validate CSC's ongoing commitment to helping insurance companies achieve business results."

Five of the industry awards were determined by the results of the second annual Vanguards in Insurance Practices survey conducted by Insurance Networking News and research firm Celent. The survey, which assesses the opinions of insurance carriers in the United States and Canada, ranked the top insurance technology providers across several categories.

Insurers were asked to name the technology firms that represented the "best of the best" in terms of delivering value. CSC was the only firm to receive two first-place rankings -- one for integrated systems and another for IT services -- as well as a second place in point solutions. In addition, CSC and its client, Accident Fund, shared first-place Best Practice Case Study honors for Accident Fund's use of CSC's POINT IN Agency Link software. CSC also received an honorable mention in this category.

"There is nothing decision-makers appreciate more than insight from their peers," said Craig Weber, senior vice president of Celent, which led the survey analysis. "That's why we base the Vanguards in Insurance Program on data gleaned purely from surveying insurance carriers and brokers."

At the conference, CSC was also selected as an Insurer's Choice 2008 technology firm. CSC ranked first in IT outsourcing for P&C insurers and in the top three in both operations and workflow. Insurer's Choice is an annual survey of the insurance industry co-sponsored by Tech Decisions and Financial Insights, an IDC company. This year's results reflect responses from more than 600 insurance professionals.

ACORD, a nonprofit insurance standards organization, also presented awards recognizing achievements in ACORD data standards implementations. CSC received an Early Adopter award for adding three more ACORD XMLife standards to CyberLife.

About CSC

CSC is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.

With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008. For more information, visit the company's Web site at http://www.csc.com.

SOURCE CSC

CONTACT: Marian Kelley, Director, Media and Analyst Relations, Financial Services Sector, +1-512-275-5722, [email protected]; or Janet Herin, Manager, Media Relations Corporate, +1-310-615-1693, [email protected], both of CSC