Axa Insurance has purchased a five-year licence to the Colossus personal injury claims management system. The Computer Sciences Corporation (CSC) system will be used throughout the insurer’s UK operations, and may eventually extend to branches in other countries.
In assessing personal injury awards Colossus takes into account such factors as the type and severity of injury, and the age and occupation of the victim.
“With personal injury costs rising all the time, it is important for us to have a tool that allows our staff to measure objectively and equitably the value of any claim,” said AXA technical claims manager Roy Blakeman. “Colossus has already enabled us to improve the efficiency and consistency of what we do.”
AXA is one of the world’s leading insurance and asset management companies, with over £550 billion of assets under management (ranking fourth among the top Fund Management Groups in the world). The group employs 140,000 staff and tied agents in over 60 countries worldwide.
About Computer Sciences Corporation
CSC financial services group offers a comprehensive array of business and technology solutions to the global financial services industry. Customers include more than 1,000 banks, insurers, investment firms, consumer finance companies and other major financial services organisations around the globe.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.