Conseco (Carmel, Ind.) has entered an agreement with CSC (Falls Church, Va.) for the vendor to maintain two of the company's policy administration systems. The five-year agreement will enable Conseco to reduce expenses and achieve additional flexibility in the management of the two large legacy applications, according to the vendor. Terms of the agreement were not disclosed.
"We chose to outsource many of the development functions related to two of our large legacy life insurance administration systems to a trusted, experienced provider. This move will reduce our costs and allow us to more effectively manage peak demands for IT services," comments Todd Coombes, chief technology officer, Conseco. "Based on CSC's proven record in application outsourcing, we also expect this expanded relationship to help us continue to improve service to our agents and policyholders."
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio