CLOAS Jobs

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CLOAS is the abbreviation of Computations Life Office Admin System and it is used specifically within the insurance industry. It is a life insurance application, developed by Computations, that was first released into the market in the late 1970s. The business, and subsequently the application, was acquired by Continuum in 1990, and later bought by CSC.

 

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The system is mainframe-based, and it benefits consumers by being a customisable package. It can either be bought from IT solutions provider, CSC, or used online by customers for self-service policy administration.

The main benefit of the system is that it allows for internal policy administration that is beneficial for an entire department; it will, therefore, be known by many professionals within the IT and insurance sector.