EL SEGUNDO, Calif., Oct. 1, 2002 — Computer Sciences Corporation today announced that five insurers have signed new license agreements for its distribution management system, PerformancePlus. The AEGON Group companies, American United Life Insurance Company, The Manufacturers Life Insurance Company (Manulife USA), Ohio National Financial Services and a fifth firm ranked among the top 10 life insurers in the U.S. have selected CSC’s product.
Within the past year, two other major insurers, Jackson National Life Insurance Company and The Phoenix Companies, Inc., also chose PerformancePlus. Business drivers for these decisions include the need for greater compensation flexibility and better service and responsiveness to agents, broker/dealers and other distribution channels.
“Before committing to PerformancePlus, we were able to fully understand the system’s capabilities and see how it could meet our company’s unique objectives better than the competition,” said Al Bowen, senior vice president of Information Systems at Ohio National. “CSC provided a detailed, customized road map to implement the software, attain a quick return on our investment and mitigate the risk of cost overruns.”
“CSC’s systems currently administer diverse, complex compensation plans for more than 30 insurers whose annual total compensation payout exceeds $7 billion,” said Michael Risley, president of the Life and Health division of CSC’s Financial Services Group. “By blending the latest technology with proven software design in PerformancePlus, we are able to ensure both flexibility and performance.”
Computer Sciences Corporation, one of the world’s leading consulting and information technology (IT) services firms, helps clients in industry and government achieve strategic and operational results through the use of technology. The company’s success is based on its culture of working collaboratively with clients to develop innovative technology strategies and solutions that address specific business challenges.
Having guided clients through every major wave of change in information technology since 1959, CSC combines the newest technologies with its capabilities in consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting to meet the individual needs of global corporations and organizations. With more than 66,000 employees in locations worldwide, CSC had revenues of $11.5 billion for the 12 months ended June 28, 2002. It is headquartered in El Segundo, Calif. For more information, visit the company’s Web site at
www.csc.com.
