Falls Church, Va.-based CSC has introduced a new policy management software component, Policy Accelerator, for top- and mid-tier North American insurers.
Derived from its POINT IN system, Policy Accelerator supports all North American jurisdictions and all lines of business. The company claims it is architected to support growth and customer retention, simplify software maintenance and enhancements, improve efficiency and speed to market, and lower total cost of ownership.
Coded entirely in Java with a service-oriented architecture based on insurance industry standards, Policy Accelerator is configurable without the need for source code modification and can scale to handle large transaction volumes and administration of large-risk and high-premium policies, according to CSC. It can be deployed on-premises or with CSC hosting and providing business process services.
"CSC recognizes that speed and efficiency are critical to the P&C industry, and we are committed to delivering modern solutions to improve business agility," said Jeffery Schwalk, president of CSC's Property and Casualty Insurance Division, in a statement. "By collaborating with our extensive client community, CSC has developed many new functions using next-generation technology, which have now been incorporated into Policy Accelerator."