Computer Sciences Corporation has signed a five-year, $18 million contract with China Pacific Life Insurance Co. Ltd., the third-largest life insurance company in China with 12.8% market share.
Under the contract, CPIC Life will replace its current system with CSC’s FUTUREfirst, a Web-enabled, scalable and object-oriented insurance administration system that is known as GraphTalk A.I.A in Europe. CPIC Life will consolidate its current life business portfolio of more than 20 million policies from multiple distributed applications onto FUTUREfirst, which will help the company reduce costs, increase productivity and enhance administration management while improving customer service.