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December 21, 2004

Farmers Mutual Hail replaces legacy system with CSC’s SICS/NT

Farmers Mutual Hail Insurance Company of Iowa, which writes crop hail insurance in 15 US Midwest states, has replaced its legacy reinsurance system with Computer Sciences Corporation's reinsurance administration engine, SICS/nt.

By CBR Staff Writer

Computer Sciences Corporation (CSC) provides more than 45 percent of the world’s reinsurance industry with SICS/nt, CSC’s international insurance and reinsurance solution.

SICS/nt supports complex reinsurance strategies and is available for property and casualty, life and primary insurance for complex property risks. The solution’s product suite manages administration functions including underwriting, cession, claims handling, treaty administration, accounting and retention management on one global platform.

We needed to replace our existing system, which we had been using since 1997, because support for that system was going to cease, said Candy Crooks, FMH treaty underwriter. We chose SICS/nt after researching several different systems. We were impressed with SICS/nt’s Windows-based functionality, its information storage capacity and its rich reporting tools.

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