CSC signs seven year contract extension with Zurich Insurance

CSC has revealed that it has secured a seven year extension to a contract with Zurich Insurance Group to provide IT application services.

The existing deal was originally penned in July 2004 and covers application maintenance and development services in the UK, the USA, Switzerland, Canada, Germany and Italy.

Services will commence under the new agreement as of 1st January 2013 and Zurich Insurance has reserved the right to extend the contract by an additional three years, which would give it a 10 year term.

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“Zurich’s selection of CSC underscores our wealth of experience in the insurance industry and the success of our global service delivery team,” said Ray August, president of CSC’s Financial Services Group.

In other news, it was recently revealed that CSC will receive £68 million from the government under a deal which ends a £2.9 billion contract to provide care records systems to the National Health Service.

The Department of Health said at the time that it was saving £1 billion on the contract, which has seen CSC struggle to deploy the Lorenzo system in trusts across the UK.