USAA Licenses COGEN/MP(TM)
18 November 1997
USAA Licenses COGEN/MP(TM)AUSTIN, Texas, Nov. 18 -- Computer Sciences Corporation announced that United Services Automobile Association (USAA), based in San Antonio, Texas, has licensed the COGEN/MP(TM) system for use by the property and casualty company. COGEN/MP is a family of premier software solutions that provide integrated management for every major aspect of property and casualty insurance administration. This comprehensive, open-architechted insurance system offers insurers a tightly-knit series of insurance components, including billing management, policy processing, claims handling, reinsurance administration, and centralized client management. These components can work together as a unit or separately with a company's existing systems. USAA specializes in providing personal lines coverage to active, former, and retired military personnel and their families. USAA ranks as the sixth largest property and casualty insurers in the United States. "USAA is an innovative company that recognizes the importance of technology in the insurance industry. We are extremely pleased that they continue to rely on us as a strategic technology and business partner," said Ken Williams, president of the Americas Insurance Division within CSC's Financial Services Group. In February of this year, USAA licensed COLOSSUS, CSC's expert system for evaluating bodily injury claims. CSC had $6 billion in revenues for the 12 months ended September 26, 1997. Headquartered in El Segundo, California, the company has nearly 44,000 employees in more than 600 offices worldwide and provides clients with a wide range of professional services, including management consulting, information systems consulting and integration, and operations support. CSC's Financial Services Group delivers strategic solutions to the global financial services marketplace that harness the full depth and breadth of CSC's assets and capabilities, as well as its strong network of industry and technical partnerships. Units that are part of the group include CSC Continuum and the former Hogan Systems, which together maintain the world's largest inventory of banking and insurance applications software. CSC supports more than 1,000 financial services clients in 50 countries with an employee base of 7,500 professionals. More information about Computer Sciences Corporation and its Financial Services Group is available at http://www.csc.com. SOURCE Computer Sciences Corporation