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Wilton Re Signs $90 Million Outsourcing Contract With CSC
Posted By: Technology Staff Editor In: Information Technology written by Anthony O'Donnell, courtesy of Insurance Tech
Wilton Re (Wilton, Conn.) has signed a 10-year, $90 million outsourcing contract with CSC (Falls Church, Va.) for the provision of what a vendor source calls a "full range" of business process outsourcing (BPO) services.
The deal calls for CSC to provide full back-office administration services for an additional 270,000 life policies and convert those policies to its CyberLife policy administration system, according to the vendor. Leveraging CSC's consolidated global processing environment, Wilton Re will gain a more predictable and scalable cost structure and access to advanced application software, business processes, and insurance and technology management best practices, a CSC press release claims.
"We offer traditional reinsurance and capital market approaches to assist our clients in their risk and capital management activities," says Enrico J. Treglia, senior vice president and chief operating officer of Wilton Re. "By expanding our relationship with CSC, we are able to provide insurers with cost-effective divestitures of non-core businesses."
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