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Insurance industry

Computer Sciences Corporation Helps Colonial Life & Accident Insurance Convert 3.5 Million Policies

Strategic Insights

— 1 min read

Computer Sciences Corporation (CSC) has successfully converted more than 2 million policies and 3.5 million coverages for Colonial Life & Accident Insurance Co. to CSC's Distribution Support System (DSS) 15.0. This conversion, completed within 12 months, makes Colonial the largest-volume DSS client. The system, which processes most facets of agency administration, accepts data from a variety of policy administration systems and computes and distributes commissions.

Key Takeaways:

  • Colonial Life & Accident Insurance Co. successfully converted 2 million policies and 3.5 million coverages to CSC's Distribution Support System (DSS) 15.0 within 12 months.
  • DSS is a comprehensive agent support system that processes most facets of agency administration, including data from various policy administration systems and commission computation and distribution.
  • The system processes up to 2 million commission calculation transactions each night and 6 to 7 million pay transactions during the weekly pay cycle.
  • Colonial uses DSS with an IBM DB2 relational database in a graphical-user interface environment.
  • Stan Dowd, assistant vice president, Information Systems, Colonial Life & Accident, praised the DSS team for their technical orientation and ability to implement the system efficiently.
  • Ken Williams, president, Americas Division of CSC's Financial Services Group, highlighted DSS' high-performance capabilities, particularly in processing complicated commission programs.
  • Colonial Life & Accident Insurance Company specializes in supplemental insurance products and benefits plans offered to employees at their worksites, supporting over 40,000 businesses and organizations.
  • CSC's Financial Services Group offers a comprehensive array of business and technology solutions to support the complex requirements of the evolving global financial services industry.

Statistics:

  • 2 million policies and 3.5 million coverages converted by Colonial Life & Accident Insurance Co. to CSC's DSS.
  • 12 months for the conversion to be completed.
  • 12,000,000 (6-7 million) pay transactions processed during the weekly pay cycle.
  • 2,000,000 commission calculation transactions processed each night.
  • $8.2 billion in revenues for CSC for the twelve months ended October 1, 1999.

Sources:

  • "Computer Sciences Corporation Helps Colonial Life & Accident Insurance Convert 2 Million Policies to CSC's DSS 15.0." PRNewswire.
  • Computer Sciences Corporation's press release of November 15, 1999 ( exact date not specified, but timing inferred from PRNewswire timestamp).
  • Information on Computer Sciences Corporation from CSC's web site.

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