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Information technology services

Computer Sciences Corporation Announces Partnership with American United Life Insurance Company

Strategic Insights

— 1 min read

Computer Sciences Corporation (CSC) announced that American United Life Insurance Company (AUL) has licensed CSC's PerformancePlus financial services distribution management system. PerformancePlus will be used to compute primary and secondary compensation for AUL's distributors, manage detailed information on distributors and their relationships, and measure and manage distributor performance and profitability. AUL plans to first roll out PerformancePlus as the commission system for its retirement business, and later use the system throughout the company.

Key Takeaways:

  • American United Life Insurance Company (AUL) has licensed Computer Sciences Corporation's (CSC) PerformancePlus financial services distribution management system.
  • PerformancePlus will compute primary and secondary compensation for AUL's distributors, manage detailed information on distributors, and measure and manage distributor performance and profitability.
  • AUL will first roll out PerformancePlus as the commission system for its retirement business, and later use the system throughout the company.
  • The system will also enable AUL to introduce Web-enabled functions, starting with agent commission inquiries, and eventually give producers access to other information.
  • CSC's PerformancePlus is a robust system with a commission module successfully used by many insurers.
  • The system's flexibility, particularly for secondary compensation, was a deciding factor for AUL's selection.
  • CSC's Financial Services Group has industry expertise to fulfill AUL's business needs.
  • AUL is a provider of individual life insurance, annuities, group life, pension products, and reinsurance services, with $10.6 billion in assets as of December 31, 1999.
  • CSC's Financial Services Group offers a comprehensive array of business and technology solutions for the global financial services industry.

Statistics:

  • $10.6 billion: AUL's assets as of December 31, 1999.
  • $6 billion: AUL's retirement savings assets.
  • 11,000: Number of retirement plans serviced by AUL.
  • 500,000: Number of participants serviced by AUL.
  • 40 years: CSC's experience guiding clients through major waves of change in IT.
  • 60,000: CSC's global workforce.
  • $9.6 billion: CSC's revenues for the twelve months ended June 30, 2000.

Sources:

  • [1] Computer Sciences Corporation press release, November 1.
  • [2] American United Life Insurance Company press release, November 1.
  • [3] Computer Sciences Corporation, Annual Report, June 30, 2000.

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