CSC introduces a new policy management software component,Policy Accelerator, for top- and mid-tier North American insurersseeking a best-of-breed approach to modernizing their p&cinsurance processing.

Derived from CSC's Point In system, Policy Accelerator supportsall North American jurisdictions and all lines of business,including personal, commercial, workers' compensation, niche, andspecialty lines. Architected to support growth and customerretention, it simplifies software maintenance and enhancements,improves efficiency and new product speed to market, and lowerstotal cost of ownership.

“Business changes are forcing North American p&c insurers toadopt new processes, offer new functionality, and processtransactions at a faster pace that is not supported in current-daysystems,” says Jeff Haner, principal analyst at Gartner, in hisreport: MarketScope for North American Property and CasualtyInsurance Policy Management Modules. “As they face theseindustry trends and internal pressures, many North American P&Cinsurers have reached a tipping point, where policy administrationsystem replacement is crucial to survival and competitivepositioning.”

Policy Accelerator facilitates modernization initiatives as areplacement and consolidation component. It integrates withinsurers' existing systems or can be implemented together withother CSC billing, claims, and agent portal software. Codedentirely in Java with a service-oriented architecture based oninsurance industry standards, Policy Accelerator is fullyconfigurable without the need for source code modification and canscale to handle large transaction volumes and administration oflarge-risk and high-premium policies. It can be deployedon-premises or with CSC hosting and providing business processservices.

“CSC recognizes that speed and efficiency are critical to theP&C industry, and we are committed to delivering modernsolutions to improve business agility,” says Jeffery Schwalk,president of CSC's Property and Casualty Insurance Division. “Bycollaborating with our extensive client community, CSC hasdeveloped many new functions using next-generation technology,which have now been incorporated into Policy Accelerator.”

The software is platform- and database-agnostic backed by globaltransformation capabilities that can help move clients through aphased modernization, which includes shaping, transforming andmanaging their application portfolios. For more information, visitwww.csc.com/policyaccelerator.