CSC announced Ohio National Financial Services signed a 10-year contract to license two insurance software programs: CSC’s Insurance Optics Business Analytics with Wealth Management Accelerator, and the Vantage-One administrative software with PerformancePlus. The software will be integrated into the systems currently in place.
“With a record-setting 20 years of consecutive life insurance sales growth, Ohio National maintains focus on operational discipline and risk management,” said Al Bowen, SVP and CIO, Ohio National. “By selecting Wealth Management Accelerator to manage both asset accumulation and disbursement and Business Analytics to predict trends and track key metrics, we are well positioned to respond to the changing demands of our distributors and policy owners.”
In a separate deal, Sunshine State Insurance Co. signed a six-year extension of its business process outsourcing (BPO) agreement with CSC. Under the extension, CSC will provide upgraded technology to allow for updated support to Sunshine State’s personal and commercial property business by delivering more autonomy in the underwriting process, according to a release. The technology is designed to allow agents to underwrite and issue policies at a more rapid rate.
“The Agency Link functionality has already been released to our first group of agents, and the response has been phenomenal. Many of them attribute their success to how quickly they can provide answers to their customers,” said John Rogan, president and CEO, Sunshine State. “CSC’s BPO services have also enabled Sunshine State to employ a virtual insurer model with a focus on delivering exceptional service. As we expand, CSC’s BPO staff and systems can scale to meet our needs.”
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