Comprehensive insurance administration capabilities at reduced total cost of ownership
Technology-enabled business offerings and services provider CSC has signed a technology development, marketing and sales alliance agreement with Microsoft to extend Integral to Microsoft Windows Server 2008 R2 and SQL Server 2008 R2.
Integral, one of CSC’s comprehensive administration suites for life insurance and annuities/pensions, property and casualty (P&C)/general insurance and group insurance, provides end-to-end policy/group management, product configuration and business analytics capabilities.
CSC said the combination of Integral with Microsoft technology offer insurance companies a new platform alternative with comprehensive insurance administration capabilities at an attractive total cost of ownership.
CSC said it will get the technical support from Microsoft to move the Integral suite to the latest versions of Microsoft’s server platform and database products and the companies will jointly promote the resulting software to insurance carriers.
The virginia-based IT company said by running the Integral on Microsoft’s server infrastructure, Integral suite will appeal to a set of customers who currently use or are considering Microsoft technology for their mission-critical and core systems and also customers can connect to the large community of Microsoft and SQL Server experts and database administrators.
Microsoft Worldwide Financial Services general manager Karen Cone said Microsoft is seeing rapid adoption of Windows Server and SQL Server across the financial services sector, driven by banks and carriers and their desire to modernise legacy platforms.
"By combining Integral with the Microsoft platform, the CSC-Microsoft alliance is going to better enable insurance carriers to pursue global opportunities efficiently across multiple lines, borders, languages and currencies," said Cone.
CSC’s Financial Services Group president Ray August said the extension of CSC’s insurance adminstration software to Microsoft will help insurers stretch their investments when moving into new markets and regions.
"It builds upon our successful alliance for CSC’s POINT IN administration software, which became generally available on Microsoft technologies earlier this year. New and existing client interest is high, with several insurers already implementing this version," said August.