CSC, CT Insurance Services Alliance Focuses on Producers

CT Insurance Services, a part of Wolters Kluwer Financial Services, has formed an alliance with Computer Sciences Corporation (CSC) that will provide insurance carriers with an enterprise-level, Web-based system to manage the administration of producers' relationships with carriers. The new service is a combination of CT's PINnacle Xchange contracting and licensing compliance system and CSC's PerformancePlus distribution and compensation management system.

Xchange automates contracting, licensing, and appointment compliance beginning with a self-service interface for producers and culminating with compliance filings at all required state regulatory agencies. Xchange speeds time to market and improves compliance by reducing handoffs and errors. The connectivity between Xchange and PerformancePlus will help insurers manage compliance risk by automating the interface between Xchange's producer compliance database and the PerformancePlus compensation management system. Through this interface, carriers automatically will verify a producer's license and appointment standing prior to commission payment, virtually eliminating market conduct risk.

PerformancePlus enables companies to improve producer service and retention, reduce total distribution management costs, and align producer behavior with corporate goals.