DXC Assure Cede Excels in both Advanced
Technology and Breadth of Functionality
ASHBURN,
Va., Sept. 7, 2023 /PRNewswire/ - DXC
Technology (NYSE: DXC), a leading Fortune 500 global technology
services and insurance software provider, was ranked as a Luminary
in Celent's report for insurers on reinsurance administration.
"Increasingly, reinsurance administration impacts the overall
success of an insurance company," said Donald Light, Director, North America
Property/Casualty Insurance Practice, Celent. "Where the
administration of a reinsurance program is often managed in
worksheets and word processing programs, solutions like DXC Assure
Cede can help insurers track and recover what otherwise could
amount to hundreds of millions of dollars in unrecovered
reinsurance payments."
Celent's report, Ceded Reinsurance Solutions—Global Edition,
profiles 13 standalone ceded reinsurance solutions, and includes
information about specific features and functionalities available,
coverage of Property & Casualty (P&C) and Life ceded
reinsurance, and technology. DXC Assure Cede was categorized as a
Luminary based on offering both advanced technology and breadth of
functionality within its solution.
"We are honored to be recognized by Celent as being one of the
top two most sophisticated ceded reinsurance solutions in the
market," said Ray August, Global
Lead, Insurance Software & BPS, DXC Technology. "As the number
one provider of core technology to the insurance industry globally,
DXC combines deep domain expertise with a mission to innovate. DXC
Assure Cede provides unrivaled functional coverage for end-to-end
ceded reinsurance administration, hosted on the DXC Assure Digital
Platform, helping customers manage risk effectively."
Catering to both the P&C and Life Insurance businesses, and
supporting complex protection arrangements, DXC Assure Cede helps
insurers effectively manage their reinsurance arrangements. With a
focus on automation and data analytics, including AI insights, DXC
Assure Cede streamlines reinsurance with minimal manual
interventions, at increased speed and accuracy. Each year, more
insurers and reinsurers choose DXC's software for ceded and assumed
reinsurance, which currently serves more than 150 customers across
45 countries.
Read Celent's full report, Ceded Reinsurance Solutions—Global
Edition, here.
Forward Looking
Statements
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements." These statements represent current expectations and
beliefs, and no assurance can be given that the results described
in such statements will be achieved. Such statements are subject to
numerous assumptions, risks, uncertainties and other factors that
could cause actual results to differ materially from those
described in such statements, many of which are outside of our
control. For a written description of these factors, see the
section titled "Risk Factors" in DXC's upcoming Annual Report on
Form 10-K for the fiscal year ended March
31, 2023, and any updating information in subsequent SEC
filings. No assurance can be given that any goal or plan set forth
in any forward-looking statement can or will be achieved, and
readers are cautioned not to place undue reliance on such
statements which speak only as of the date they are made. We do not
undertake any obligation to update or release any revisions to any
forward-looking statement or to report any events or circumstances
after the date of this report or to reflect the occurrence of
unanticipated events except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their
mission-critical systems and operations while modernizing IT,
optimizing data architectures, and ensuring security and
scalability across public, private and hybrid clouds. The world's
largest companies and public sector organizations trust DXC to
deploy services to drive new levels of performance,
competitiveness, and customer experience across their IT estates.
Learn more about how we deliver excellence for our customers and
colleagues at DXC.com.
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SOURCE DXC Technology Company