PRODUCT ACCELERATOR INNOVATION AND SPEED PUSH THE LIMITS OF PRODUCT

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1 PRODUCT ACCELERATOR PUSH THE LIMITS OF PRODUCT INNOVATION AND SPEED

2 PUSH THE LIMITS OF PRODUCT INNOVATION AND SPEED ACCELERATE INNOVATIVE PRODUCTS Speed to market is an imperative for insurance carriers, but so is your agility to tailor products to the most desirable segments of the marketplace. CSC s Product Accelerator software dramatically reduces time to market for insurers by putting your business users in control of property and casualty, life insurance and annuity product introductions. Preloaded with the industry s most comprehensive insurance product content, it shortens time to market from weeks to days and lets your product owners focus on innovation. Shorten Time to Market Centralize Product Information and Specifications Reduce Reliance on IT Support Streamline the Testing Process Run Rate Impact Analysis Against Your Book of Business Product Accelerator supports the entire product life cycle with a comprehensive product library, centralized business rules, calculations, documentation, a robust test facility and content management. It supports compliance, marketing and product publishing all through a consolidated view. Insurers can quickly launch and fine-tune products to target specific market segments, giving your marketing teams the ability to seize opportunities for new business.

3 CONFIGURE PRODUCTS EASILY Product Accelerator separates the product from the process. Your product owners get a 360-degree view of products and the ability to reuse product components in a scalable technology platform. Product Accelerator reduces the reliance on your IT staff by empowering non-technical users to configure both calculations and product definitions with graphical, drag-and-drop software. Users can access templates for the industry s most popular product types, and create new products rapidly. COLLABORATE THROUGHOUT THE PRODUCT LIFE CYCLE Product Accelerator provides comprehensive support for the entire product life cycle, giving all stakeholders a consolidated collaboration tool for viewing and tracking progress throughout the process. Integrated security and version control allow alterations to product data to be secured and tracked as changes are made. SUPPORT END-TO-END PRODUCT CONFIGURATION LIFE CYCLE SUPPORT Collaborative environment for product design, testing and analysis Configuration workbench that allows business users to control and maintain all aspects of product development User security with complete version control and archiving LIBRARY Full suite of prebuilt insurance products including product definitions, rates and calculations Support for multiple product data models, including ACORD and carrier-specific models REPOSITORY CALCULATIONS Central repository for all product material (e.g. Word documents, spreadsheets, brochures, etc.) Standard methods for access, configuration and reuse of all electronic product data Predefined product templates for inheritance and speed Deployment, tracking and auditing capabilities Support for complex calculation, rules and tables Reusable across multiple administration solutions, distribution channels and consumer applications Testing facilities and Rate Impact Analysis RULES Rules engine optimized for multiple product line applications across Life and Annuity, P&C, and Health High performance design for mainframe and mid-tier environments TABLES Table templates to allow flexible table formats Table Editor for ease of use Generic format for non product table maintenance

4 HELP YOUR STAFF QUICKLY SEIZE NEW OPPORTUNITIES Reuse Products, Rules, Calculations and Documentation Focus on Unique Product Features Lower IT Costs Improve Access and Security Deploy Products to Multiple Systems STREAMLINE PRODUCT INTRODUCTION Product Accelerator completely aligns the business, IT and management stakeholders in the product introduction and maintenance process business analysts, IT personnel, actuaries and marketing professionals. Product owners control more than 70 percent of product configurability, putting product configuration in the hands of the experts and reducing your need for IT to support critical steps in the development process. GIVE YOUR BUSINESS ANALYSTS CONTROL Product Accelerator includes a preloaded library of the industry s leading property and casualty, life insurance and annuity product content. Rates, rules, calculations and plans are stored as individual components that can be reused across your entire product portfolio. This electronic library allows business analysts to focus on unique product features not the redevelopment of standard products. Products are configured on a central configuration console that fosters collaboration while still supporting the unique requirements of each development step. Data for regulatory filing is easy to access, and critical tasks such as testing can be performed by business analysts without IT staff. REDUCE HANDOFFS TO YOUR IT DEPARTMENT Product Accelerator is a single, lowmaintenance enterprise tool with industry-standard definitions and interfaces that help reduce your total cost of IT ownership. The system s runtime rules and calculation engine are optimized for both mainframe and midtier environments. Product Accelerator also helps extend the life of your legacy administration systems by externalizing product information instead of embedding it in the legacy code. Product Accelerator improves collaboration by shifting key tasks to product owners, reducing the need for time-consuming handoffs between users and IT. Testing cycle times can actually drop by 30 percent or more while the system s centralized repository simplifies data access and improves security.

5 FREE YOUR ACTUARIES TO INNOVATE Product Accelerator allows actuarial staff to standardize functions and calculations across the entire product portfolio. It facilitates once-and-done changes, eliminating errors and rework in the product development process. Product Accelerator improves access to product information, and it supports analysis tools and specific actuarial functions. Actuaries can perform automated testing and rate impact analysis against a book of business while still applying their own standards and methods for rates and calculations. The software s integrated testing facilities centralize the process and eliminate the need for large testing spreadsheets. Freed from legacy system constraints, actuaries can create uniquely targeted products and get them to market with much less effort. Product Accelerator helps organizations focus on innovation, rather than system limitations. EMPOWER YOUR MARKETING PROFESSIONALS Product Accelerator s central configuration workbench lets your marketing staff create new products independently without relying on actuarial or IT departments. Marketing professionals can view all available options, provide immediate feedback and work collaboratively with actuaries to fine-tune products. Why limit your capable staff to manufacturing standardized products? Product Accelerator helps marketing departments create truly unique product features to target specific market segments. Through improved modeling, marketing professionals can gain greater competitive insight and deliver products that are in demand. Built on Our Experience Product Accelerator brings together CSC s 30 years of experience in product definition, business logic, calculations and validation rules. We support many leading insurance companies, and we develop and maintain the industry s leading administration and surround solutions. Built on this depth of experience, Product Accelerator houses product templates for P&C, life insurance and annuity carriers. To streamline the product introduction process, we provide a complete preloaded set of industry-standard insurance products into Product Accelerator allowing you to focus on creating unique product features.

6 STREAMLINE PROCESSES AND TECHNOLOGY EASILY INTEGRATE WITH OTHER SYSTEMS Product Accelerator supports full testing and product print activities, and integrates easily with CSC s software for policy administration, customer service, new business, claims and distribution management. Integrate with Legacy and Third-Party Software Support Component- Based Architecture Facilitate the Open Exchange of Information Using ACORD open standards, Product Accelerator streamlines integration with legacy systems and third-party software components. Its componentbased design aligns with CSC s SOAsure, our proven, service-oriented architecture that defines, enables and manages the open exchange of information between systems, across enterprises and among partners in a value chain.

7 TRANSFORM THE PRODUCT INTRODUCTION PROCESS Product Accelerator gives property and casualty, life insurance and annuity companies the tools to transform the product introduction process and provide end-to-end support for the entire product life cycle. It fosters a collaborative environment for product creation and reduces the need for IT support. Product Accelerator does more than just shorten time to market. It dramatically improves your ability to innovate and compete for new business. For more information about CSC s Product Accelerator software, call or send an to inforequests@csc.com. Eliminate Errors and Rework Eliminate Constraints of Legacy Systems Foster Collaboration Between Stakeholders Improve Modeling and Gain Competitive Insight

8 Worldwide CSC Headquarters North America 3170 Fairview Park Drive Falls Church, Virginia United States Asia 20 Anson Road #11-01 Twenty Anson Singapore Republic of Singapore Australia Level 6/Tower B 26 Talavera Road Macquarie Park, NSW 2113 Sydney, Australia +61(0) Europe, Middle East, Africa Royal Pavilion Wellesley Road Aldershot, Hampshire GU11 1PZ United Kingdom +44(0) Latin America Rua Alexandre Dumas, º andar CEP São Paulo/SP - Brasil About CSC The mission of CSC is to be a global leader in providing technology-enabled business solutions and services. With the broadest range of capabilities, CSC offers clients the solutions they need to manage complexity, focus on core businesses, collaborate with partners and clients and improve operations. CSC makes a special point of understanding its clients and provides experts with real-world experience to work with them. CSC leads with an informed point of view while still offering client choice. For more than 50 years, clients in industries and governments worldwide have trusted CSC with their business process and information systems outsourcing, systems integration and consulting needs. The company trades on the New York Stock Exchange under the symbol CSC. ABOUT CSC IN FINANCIAL SERVICES CSC provides mission-critical business solutions, consulting and outsourcing services to leading financial services firms around the world. We bring more choices to the industry. We help clients plan for business and technology change. We create software, tools and processes to address specific business needs, and we continually enhance those solutions by collaborating with an extensive network of client communities and technology partners. Our global outsourcing operations give us real-world insight into business and IT processes that deliver the best results for our clients. More than 1,200 major banks, insurers, and investment management and securities firms rely on the experience, ingenuity and leadership of more than 10,000 CSC employees focused on financial services Computer Sciences Corporation. All rights reserved. Printed in USA 1292LIFE13

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