NewswireToday - /newswire/ -
Mumbai, Maharashtra, India, 2008/07/09 - CSC (NYSE: CSC) today announced that LOMA, a leading trade association in the international insurance and financial services industry, has selected CSC to conduct LOMA's industry-specific examinations in India.
The offering is part of a collaborative effort between the organizations to promote insurance and financial services education in the country, and extends CSC's longstanding relationship with LOMA in the U.S.
CSC is the only company in India selected for this purpose and will conduct the exams from its locations in Noida, Indore and Hyderabad. LOMA's education and training programs cover current industry practices, operations and products, and are designed to enhance knowledge and attention to quality.
"We are extremely pleased to be selected by LOMA and to enhance the domain knowledge that enables our staff in India to deliver more specialized services in this industry," said Krishnaswamy Subrahmaniam, head of Global Operations for CSC's operations in India. "We have already started getting requests from various insurance companies in India to take the exams."
"CSC's support of LOMA education will ensure further professionalization of the industry in India and also demonstrates the passion in CSC's campaign to generate specific domain experts," Joel Basarich, vice president and managing director of LOMA's International Division.
More than 300 CSC employees in India have taken LOMA exams and are working toward professional designations such as Fellow, Life Management Institute (FLMI); Fellow, Financial Services Institute (FFSI); Associate, Customer Service (ACS); and Professional, Customer Service (PCS). CSC has more than 500 employees in the U.S. who have already achieved LOMA Fellow or Associate status. In addition, CSC operations in India have received LOMA's "Excellence in Education" Award for the sixth time in a row.
LOMA is committed to improving employee performance and increasing profitability for the insurance and financial services industry. Through LOMA, more than 1,200 insurance and financial services companies from more than 80 countries engage in research and educational activities to improve their operations. LOMA offers more than 100 courses in life insurance, financial services, annuities, management, reinsurance, compliance, underwriting, customer service and more.
About CSC in India
With centers in Noida, Indore, Hyderabad, Chennai, Mumbai, Bangalore and Vadodara, and approximately 19,000 employees, CSC is one of the fastest growing IT services firms in India. CSC's strong local presence enables the company to offer high-value technology solutions and a rich portfolio of services to customers across industry segments, including applications development and product support, infrastructure and BPO services, to clients worldwide. CSC in India is consistently recognized in "best employer" award categories and houses the company's first Office of Innovation outside the U.S.
CSC is a leading information technology (IT) services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.
With approximately 90,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. Headquartered in Falls Church, Va., CSC reported revenue of $16.5 billion for the 12 months ended March 28, 2008.