Policy Administration and Claims Automation Software Helps Ohio Mutual Achieve
Record Performance
EL SEGUNDO, Calif., July 6 /PRNewswire/ -- Computer Sciences Corporation
(NYSE: CSC) today announced that Ohio Mutual Insurance Group has achieved
significant processing improvements since implementing CSC's property and
casualty (P&C) insurance software. Last year, Ohio Mutual replaced its legacy
system with CSC's POINT IN Policy Administration and Advanced Claims
components. Since then, Ohio Mutual's staff productivity has increased
13 percent over the previous year, enabling the company to achieve the largest
annual net operating profit in the company's 104-year history.
"We've also reduced staff turnover by 28 percent, due in part to CSC's
user-friendly software," said Jim Kennedy, Ohio Mutual Insurance Group
president. "By choosing CSC to modernize our policy administration and claims
systems, we now have the power to react quickly to market opportunities and
are positioned for the future."
CSC's POINT IN Policy Administration component provides Ohio Mutual with
an integrated and paperless system for major insurance functions including
rating, underwriting, reinsurance, and billing and collection. POINT IN's
Advanced Claims component automates claims assignment and tracking. By
implementing CSC's systems, Ohio Mutual can give its staff and agents access
to timely and accurate data on policies and claims in one collaborative
environment, with simplified processes for adjusting insurance rates, and can
provide improved service -- such as new Web-based screens and easier
navigation of its policy information system -- to its agents and customers.
"CSC's experience and practical innovation have helped Ohio Mutual achieve
breakthrough productivity," said Ray August, president of the P&C Insurance
division of CSC's Financial Services Group. "Business results like these are
why POINT IN has become the leading system for mid-sized insurance carriers
and managing general agents."
About Ohio Mutual Insurance Group
Ohio Mutual Insurance Group was founded to insure farms in 1901 as the
Ohio Mutual Tornado, Cyclone and Windstorm Insurance Association. Now the
Ohio Mutual Insurance Group, it has been protecting policyholders for over
100 years.
Located in Bucyrus, Ohio, the company writes over $120,000,000 in premiums
each year, is ranked fourth in Ohio in farm insurance and carries an "A"
Excellent Rating from A.M. Best. Ohio Mutual sells auto, home, farm and
business insurance policies through over 400 independent insurance agencies in
Ohio. For more information visit the company's Web site at http://www.omig.com.
About CSC
Founded in 1959, Computer Sciences Corporation is a leading global
information technology (IT) services company. CSC's mission is to provide
customers in industry and government with solutions crafted to meet their
specific challenges and enable them to profit from the advanced use of
technology.
With approximately 79,000 employees, CSC provides innovative solutions for
customers around the world by applying leading technologies and CSC's own
advanced capabilities. These include systems design and integration; IT and
business process outsourcing; applications software development; Web and
application hosting; and management consulting. Headquartered in El Segundo,
Calif., CSC reported revenue of $14.1 billion from continuing operations for
the 12 months ended April 1, 2005. For more information, visit the company's
Web site at http://www.csc.com.
SOURCE Computer Sciences Corporation
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Related links:
http://www.csc.com htt://
http://www.omig.com
CONTACT:
Jackie VanErp, Vice President, Marketing,
Financial Services Group, +1-512-275-5844, jvanerp@csc.com, or
Janet Herin, Manager, Media Relations, Corporate,
+1-310-615-1693, jherin@csc.com, both of Computer Sciences
Corporation
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