Computer Sciences Corporation
) recently licensed its Integral insurance suite to Aviva India.
Aviva India, an arm of U.K.-based Aviva Group, is in the business
of life insurance in association with Dabur Group (an Indian
healthcare product manufacturer). Financial details of the deal
were kept confidential.
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Integral is one of Computer Sciences' comprehensive administration
suites for life insurance and annuities/pensions, property and
casualty/general insurance and group insurance. The software
provides end-to-end policy/group management, product configuration
and business analytics solutions.
With Integral, Aviva India will replace its legacy insurance
administrative system and boost its performance across branches.
The software will allow Aviva to learn more about changing client
preferences, market its new products, and serve clients better,
which will result in market share growth. The implementation,
customization, training and testing of the software system will
take roughly a year.
Insurance plays a vital role in providing a sense of security to
people. With economic recovery underway, people are again looking
to put their money into innovative life and annuity products in
order to improve their chances of financial security. Insurance
carriers are trying to tap this demand through their new life and
Integral software provides necessary assistance for launching new
products in the market. This explains the increasing adoption of
the software amongst insurance carriers. According to Computer
Sciences, Integral has been adopted by 200 firms across 40
Also, Integral is now available on
) Windows Server 2008 R2 and SQL Server 2008 R2. The technological
agreement between the two took place in October 2011. Research
carried out by Microsoft officials shows that banks and carriers
are rapidly adopting Windows and SQL servers across the information
technology system to update legacy platforms. The trend suggests
that this new venture will not only be beneficial to the insurance
sector, but also to Computer Sciences and Microsoft.
Deal wins are catalysts for any company and Computer Sciences has
no dearth of them. But uncertainty regarding the U.K. National
Health Service contract, intense competition in the IT and cloud
computing space from both small and big players such as
), its European exposure and strained federal budgets are concerns.
Despite this, we are positive on the company given its first
quarter earnings beat and bookings growth.
Currently, Computer Sciences Corporation holds a Zacks #2 Rank
(implying a short-term Buy rating).