News : CSC Expands Digital Insurance Portfolio with Telematics
Tysons, VA, USA, June 13, 2016 -- CSC (NYSE: CSC), a global provider in IT services and solutions, announced a new usage-based insurance (UBI) and telematics offering to help insurers price new products based on driving behaviors.
The new UBI offering incorporates digital claims, policy administration and underwriting solutions from CSC with driver profile software from Scope Technologies. The result is a telematics-based offering that will enable insurance providers to build longer-term, more profitable customer relationships employing "pay-how-you-drive" risk assessment and underwriting – which in turn will allow insurers to better match premiums with driver risk. In addition, the offering’s immediate crash detection and sophisticated accident recreation will help identify fraud and streamline the claims process.
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"Extending the Internet of Things to automobiles through in-car devices, smart phones and ultimately the connected car enables a whole range of different services that will fundamentally change the relationship between insurers and their customers," said Phil Ratcliff, vice president and general manager, CSC’s Global Insurance Industry. "Data collected with telematics devices creates a big data resource that enables insurers to more appropriately price risk, thereby helping them focus on selecting, underwriting and serving the most-profitable customers."
Posted by Veronica Silva Cusi, news correspondent
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