CSC Wins $90 Million Outsourcing Contract From Wilton Re

CSC's BPO Services to Support Growing Life Insurance Block for Leading Reinsurer

 

CSC announced that it has signed a new contract with Wilton Re, of Wilton, Conn., to provide a full range of business process outsourcing (BPO) services. The 10-year agreement, awarded to CSC during the company's fiscal 2009 third quarter ended Jan. 2, 2009, has an estimated value of $90 million. This contract was included in CSC's previously announced business awards of approximately $2.7 billion for the third quarter.

 

Under the agreement, CSC will provide full back-office administration services for an additional 270,000 life policies and convert those policies to its CyberLife policy administration system. Leveraging CSC's consolidated global processing environment, Wilton Re will gain a more predictable and scalable cost structure and access to advanced application software, business processes, and insurance and technology management best practices.

 

Source: PR Newswire