CSC'S VP/MS Calculation Software Adopted in the U.S.; Innovative Development Tool Speeds ANICO's New Product Introduction

Apr 23, 2001, 01:00 ET from Computer Sciences Corporation

    EL SEGUNDO, Calif., April 23 /PRNewswire Interactive News Release/ --
 Computer Sciences Corporation (NYSE:   CSC) announced that American National
 Insurance Company (ANICO) of Galveston, Texas, has successfully deployed
 illustration software for its Standard Life & Accident Insurance Company
 agents using CSC's Visual Product Modeling System, VP/MS.  The implementation
 is a first for the U.S. marketplace.
     A complete product development tool, VP/MS significantly reduces the
 development cycle of insurance and other related financial services products.
 Product designers, actuaries and marketing personnel can collaborate to
 develop actuarial formulae and table-based rules of considerable complexity in
 a component structure.  VP/MS is a platform-independent system; once
 developed, the products can be easily ported to virtually any administration
 or illustration system.  The VP/MS product definitions can also be deployed
 over the Internet.
     "CSC is the first supplier to fill the long-standing need for a flexible,
 high-volume tool that specifies financial services products," said Paul
 DeFuria, executive vice president of Life and Annuity Solutions for CSC in the
 Americas.  "We originally developed VP/MS in Europe and have more than
 20 licensees in the European financial services market.  ANICO's
 implementation marks the first rollout of this strategic capability to a U.S.
 financial institution."
     "We were looking for a solution that would help get new products into the
 hands of our agents quickly," said Ken Juneau, assistant vice president of
 ANICO.  "Being skeptical of new technology, we wanted to be sure that the
 VP/MS software would deliver everything that it promised.  ANICO developers
 tested the VP/MS software by writing four different types of programs:  a Java
 applet, C+, a mainframe program and an Excel interface program.  The
 calculations were consistent and 100% accurate.  We were pleased with the
 outcome of our trial and proceeded to build illustrations for a universal life
 product and an annuity.  ANICO plans to integrate the VP/MS technology with
 several of our administration systems.  Time-to-market has definitely been
 reduced."
     American National Insurance Company is headquartered in Galveston, Texas.
 With assets exceeding $9 billion, American National is rated A+ (Superior) by
 A.M. Best, and AA+ (Very Strong) by Standard & Poor's.  American National's
 major insurance subsidiaries include American National Life Insurance Company
 of Texas, Standard Life and Accident Insurance Company, Garden State Life
 Insurance Company, American National Property and Casualty Company, and
 American National de Mexico, Compania de Seguros de Vida, S.A. de C.V.  For
 more information visit the company's Web site at www.anico.com.
     Computer Sciences Corporation, one of the world's leading consulting and
 information technology (IT) services firms, helps clients in industry and
 government achieve strategic and operational results through the use of
 technology.  The company's success is based on its culture of working
 collaboratively with clients to develop innovative technology strategies and
 solutions that address specific business challenges.
     Having guided clients through every major wave of change in information
 technology since 1959, CSC combines the newest technologies with its
 capabilities in consulting, systems design and integration, IT and business
 process outsourcing, applications software, and Web and application hosting to
 meet the individual needs of global corporations and organizations.  With more
 than 68,000 employees in locations worldwide, CSC had revenues of
 $10.2 billion for the 12 months ended December 29, 2000.  It is headquartered
 in El Segundo, California.  For more information, visit the company's Web site
 at www.csc.com.
 
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SOURCE Computer Sciences Corporation
    EL SEGUNDO, Calif., April 23 /PRNewswire Interactive News Release/ --
 Computer Sciences Corporation (NYSE:   CSC) announced that American National
 Insurance Company (ANICO) of Galveston, Texas, has successfully deployed
 illustration software for its Standard Life & Accident Insurance Company
 agents using CSC's Visual Product Modeling System, VP/MS.  The implementation
 is a first for the U.S. marketplace.
     A complete product development tool, VP/MS significantly reduces the
 development cycle of insurance and other related financial services products.
 Product designers, actuaries and marketing personnel can collaborate to
 develop actuarial formulae and table-based rules of considerable complexity in
 a component structure.  VP/MS is a platform-independent system; once
 developed, the products can be easily ported to virtually any administration
 or illustration system.  The VP/MS product definitions can also be deployed
 over the Internet.
     "CSC is the first supplier to fill the long-standing need for a flexible,
 high-volume tool that specifies financial services products," said Paul
 DeFuria, executive vice president of Life and Annuity Solutions for CSC in the
 Americas.  "We originally developed VP/MS in Europe and have more than
 20 licensees in the European financial services market.  ANICO's
 implementation marks the first rollout of this strategic capability to a U.S.
 financial institution."
     "We were looking for a solution that would help get new products into the
 hands of our agents quickly," said Ken Juneau, assistant vice president of
 ANICO.  "Being skeptical of new technology, we wanted to be sure that the
 VP/MS software would deliver everything that it promised.  ANICO developers
 tested the VP/MS software by writing four different types of programs:  a Java
 applet, C+, a mainframe program and an Excel interface program.  The
 calculations were consistent and 100% accurate.  We were pleased with the
 outcome of our trial and proceeded to build illustrations for a universal life
 product and an annuity.  ANICO plans to integrate the VP/MS technology with
 several of our administration systems.  Time-to-market has definitely been
 reduced."
     American National Insurance Company is headquartered in Galveston, Texas.
 With assets exceeding $9 billion, American National is rated A+ (Superior) by
 A.M. Best, and AA+ (Very Strong) by Standard & Poor's.  American National's
 major insurance subsidiaries include American National Life Insurance Company
 of Texas, Standard Life and Accident Insurance Company, Garden State Life
 Insurance Company, American National Property and Casualty Company, and
 American National de Mexico, Compania de Seguros de Vida, S.A. de C.V.  For
 more information visit the company's Web site at www.anico.com.
     Computer Sciences Corporation, one of the world's leading consulting and
 information technology (IT) services firms, helps clients in industry and
 government achieve strategic and operational results through the use of
 technology.  The company's success is based on its culture of working
 collaboratively with clients to develop innovative technology strategies and
 solutions that address specific business challenges.
     Having guided clients through every major wave of change in information
 technology since 1959, CSC combines the newest technologies with its
 capabilities in consulting, systems design and integration, IT and business
 process outsourcing, applications software, and Web and application hosting to
 meet the individual needs of global corporations and organizations.  With more
 than 68,000 employees in locations worldwide, CSC had revenues of
 $10.2 billion for the 12 months ended December 29, 2000.  It is headquartered
 in El Segundo, California.  For more information, visit the company's Web site
 at www.csc.com.
 
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 SOURCE  Computer Sciences Corporation