Swiss Re has signed a seven-year extension to its business process outsourcing deal with CSC.
Swiss Re has been outsourcing to CSC since 1995. The newly extended contract covers end-to-end processing services to support Swiss Re’s underwriting, rating, policy issuance and administration, cash processing and reporting to independent bureaus and industry databases.
Under the terms of the deal, CSC will continue to administer the insurance giant’s workers’ compensation business, running on Swiss Re’s CyberComp platform, which CSC built.
The platform, used by Swiss Re uses in 24 countries, enables agents and employers to underwrite workers’ compensation coverage and handle claims, obtaining quotes and issuing policies online.
CSC has also announced two previously undisclosed contracts with European businesses, worth around £100m. The IT services firm did not name the organisations.