Ohio National Licenses CSC's Wealth Management Accelerator, Business Analytics

Ohio National Financial Services (Cincinnati) has signed a 10-year contract for two of CSC's (Falls Church, Va.) software products. Ohio National will use CSC's Wealth Management Accelerator for life insurance policy, annuity administration and potentially for administration of other lines of business such as disability income; and the carrier will use CSC's Insurance Optics Business Analytics to access and analyze commission and policy information, according to a CSC news release.

Wealth Management Accelerator enables insurers to rapidly introduce innovative wealth management features in a single contract and then administer the policies with one system, CSC claims. The software manages group and individual, qualified and non-qualified, fixed and variable life and annuity products and includes functionality for general ledger accounting; premium billing and collection; and customer service, such as value quotes, loans, withdrawals and benefit payments.

Business Analytics software and services, which leverage SAP BusinessObjects XI solutions and are part of CSC's Insurance Optics offerings, allow insurers to quickly monitor business results and their drivers. The software displays critical data in a report or dashboard view with interactive filters, sliders and gauges that make it easy to drill down and reveal specific causes of particular outcomes.

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