CSC Introduces New CyberLife Software for Life Insurers

CSC Introduces New CyberLife Software for Life Insurers

New Version Provides Web Services for All Major Functions; All Transactions Now XML Enabled

EL SEGUNDO, Calif., Nov. 30 /PRNewswire/ -- Computer Sciences Corporation (NYSE:CSC) today introduced a new version of its CyberLife system for real- time administration of traditional and non-traditional life insurance and annuity contracts. With its new open architecture and Web capabilities, CyberLife will help life insurers decrease time to market for their insurance products and lower their software costs.

The enhanced CyberLife system is the result of a two-year, strategic technology program (STP), which entailed more than 100 person-years from CSC and 13 leading U.S. life insurers who sponsored the program.

CyberLife provides straight-through processing for life and annuity products, from the new business and underwriting stages through benefits illustration, claims processing, administration, billing and collection, correspondence and reporting.

The new version complies with CSC e4, the company's enterprise integration architecture. This helps financial services companies renovate core systems, reducing the need for full-scale systems replacement projects, and employ new software components. The new CSC e4-compliant version of CyberLife is component based and uses open standards, such as ACORD's XML interfaces and HTTP-based protocols. CyberLife's XML input and output capability and Web-based architecture simplify the management of life insurance transactions between all major parties, both inside and outside the enterprise.

"Jackson National has a history of collaborating on CSC's strategic technology programs," said George Napoles, executive vice president of Information Technology (IT) at Jackson National Life, a CyberLife STP sponsor. "CyberLife and other CSC products have contributed to Jackson National's success as a top U.S. seller of fixed annuity products, so we emphasized marketplace competitiveness as a goal of this development effort."

Among the other CyberLife STP sponsors are AEGON USA Inc., American United Life Insurance Company, Federated Life Insurance Company, Guardian Life Insurance Company of America, Kansas City Life Insurance Company, Nationwide Life Insurance Company, New York Life Insurance Company and United Farm Family Life Insurance Company.

"Continuous innovation lets CSC offer real business value with software products like CyberLife," said Mike Risley, president of the Life and Health Division of CSC's Financial Services Group. "With its CSC e4-compliant architecture, CyberLife will help our clients modernize, extend and enhance their current systems."

Founded in 1959, Computer Sciences Corporation is a leading global 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 91,000 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 $15.3 billion for the 12 months ended Oct. 1, 2004. For more information, visit the company's Web site at www.csc.com.


Source: Computer Sciences Corporation

CONTACT: Jackie VanErp, Vice President, Marketing, Financial Services
Group, +1-512-275-5844, jvanerp@csc.com, or Janet Herin, Media Relations,
Corporate, +1-310-615-1693, jherin@csc.com, both of Computer Sciences
Corporation

Web site: http://www.csc.com/


-------
Profile: intent