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DXC Technology Increases Focus on Insurance Software and Business Process Solutions

DXC Technology Increases Focus on Insurance Software and Business Process Solutions | Fintech Finance

DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has appointed Raymond August as President, Insurance Software and Business Process Solutions, reporting to Mike Salvino, DXC President and CEO, effective March 7, 2022.

August will lead the development and growth of DXC’s insurance software and insurance, banking and horizontal business process services (BPS). He will focus on capitalizing on DXC’s leading position in insurance to help customers accelerate and sustain revenue growth, build and operate their digital core, and transform their operations.

Revenue for these businesses is currently included in Applications and Business Process Services. Beginning in the first quarter of FY23, DXC intends to report these businesses together as a separate component of DXC’s Global Business Services, underscoring our commitment to the insurance software and BPS markets.

“This move highlights our management focus and drive to capitalize on our industry-leading position in these attractive growth markets,” said Salvino. “Ray is a proven, results-driven leader with a strong track record of execution. He has excellent industry relationships and is deeply respected by our insurance customers.”

A seasoned veteran with nearly four decades of experience in the technology industry and direct experience in the insurance industry, August has worked in senior roles at Computer Sciences Corporation (CSC), Policy Management Systems Corporation and Great Plains Software (Microsoft). From 2014 to 2020, he was President and Chief Executive Officer of Benefitfocus, a leading SaaS provider of solutions to the employee benefits, life insurance and health insurance sectors.

“It’s a terrific time to be joining DXC,” August said. “We are reinforcing our commitment to the insurance industry, our people, our DXC Assure platform strategy and our software portfolio. I look forward to building on this foundation and delivering for our customers.”

Based in Charleston, South Carolina, August graduated from the University of South Carolina with a BS in Accounting and Management Science. He is currently on the Board of Directors for ACORD Solutions Group.

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