About this paper
The insurance industry has always experienced cycles of growth and decline, but the events of recent years point to a more profound and enduring downturn. Even when markets rebound, it will continue to be very difficult for insurance companies to grow and generate appropriate returns for shareholders. The high-performing companies will be the ones that develop stronger enterprise risk management capabilities –substantially upgrading the data sources and analytical methods they use to look at pricing, underwriting, estimation, cash flow, loss reserve adequacy, reinsurance – and even how they look at catastrophes. In this white paper, Bill Spinard, Senior Executive for Risk Management at Accenture, and Eric Larsen, an insurance industry expert from SAS, discuss the key elements of a robust, analytics-driven framework for enterprise risk management.
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.