CSC Wins Contract With Chinese Insurer - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

CSC Wins Contract With Chinese Insurer

CSC will provide insurance-administration software and related services under the $17.6 million contract.

IT services vendor Computer Sciences Corp. said Thursday that it has won a $17.6 million software and services contract from China's second-largest property and casualty insurer.

Under the five-year deal, CSC will provide China Pacific Property Insurance Co. with insurance-administration software and related services. CSC will replace the insurer's existing system with its Web-based, FutureFirst application. China Pacific will use the software to automate a number of business processes, including customer service, billing and collection, underwriting, and claims management.

All told, China Pacific will use FutureFirst to administer more than 13 million policies. CSC also will provide support services around the software. Officials from CSC and China Pacific were not immediately available for comment.

As China's economy grows, an increasing number of Western services companies are targeting the country as their next big growth market for IT and business-process-outsourcing offerings. Accenture, BearingPoint, and IBM are among the companies actively pushing into the country. Indian services providers, such as Cognizant Technology Solutions and Satyam Computer Services, are also joining the rush.

China also has its own nascent outsourcing industry that provides IT and BPO services to companies from other countries. About 60% of outsourcing contracts in China are from customers in Japan, according to officials at Beijing's Municipal Science and Technology Commission, with 15% from the United States and 10% from Europe.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Becoming a Self-Taught Cybersecurity Pro
Jessica Davis, Senior Editor, Enterprise Apps,  6/9/2021
News
Ancestry's DevOps Strategy to Control Its CI/CD Pipeline
Joao-Pierre S. Ruth, Senior Writer,  6/4/2021
Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll