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Celent Names CSC a Leading Technology Provider

Originally published July 7, 2009

CSC recently announced that it has been named a leading technology provider in multiple categories of Celent’s 2009 Insurance Software Deal Trends study, published in two editions. Celent, a financial services technology research and advisory firm, reported in the Life/Health Edition that CSC is the leader in Life, Health and Annuity Core Processing with 56 percent of the deals in 2007 and 2008, as well as a leader in Life, Health and Annuity Infrastructure and Accounting. In addition, Celent identified CSC in the Property/Casualty Edition as a leader in Property and Casualty (P&C) Core Processing and P&C Distribution. 
 
Celent’s 2009 Insurance Software Deal Trends study ranks technology companies based on number of contracts signed in 2007 and 2008 and collected data on 1,315 deals with carriers.
 
In the same reports, CSC was named a “Traction Index” leader, placing in the top 10. The Traction Index is a composite measure that considers the type and size of deals, and the size of a vendor’s clients.
 
“We would like to extend our congratulations to CSC for its leadership in multiple categories,” said Craig Weber, Senior Vice President of the Celent Insurance Practice. “We believe that carriers value partners who know the insurance vertical well, and who demonstrate their commitment to it. It’s not surprising that CSC is a leader in these categories, as its product breadth, technology innovation and long history in the vertical are attractive to new and returning clients.”

To read full press release, click here.

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.