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SAS ® for Insurance
Ensuring long-term success
In insurance, policyholders demand certainty in an uncertain world. Insurance firms must confront that uncertainty as they protect policyholders, retain agents, assure regulators and satisfy stockholders. Insurers face many challenges in today’s uncertain world:
- How to achieve profitable growth in a soft market
- How to respond to changing demographics and consumer demands
- How to protect against fraud and achieve compliance while controlling operational costs
Insurers must also comply with ever-changing regulations and increasing demands from rating bureaus, consumers and investors. Midmarket insurers face their own set of challenges. Failure to address any of these issues can spell disaster.
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Delivering peace of mind to insurers
SAS can help ease the uncertainty facing the industry. We tackle insurers’ top issues head-on with proven, industry-specific solutions and a robust foundation technology that enable you to:
- Build innovative pricing models using the most advanced analytic techniques available.
- Accurately forecast business trends using our high-performance forecasting server software.
- Make access to information simple for all users.
- Respond quickly and thoroughly to regulatory and rating bureau demands using transparent reporting applications.
- Detect and prevent fraudulent activity by mounting a multifaceted defense against would-be fraudsters and organized fraud rings.
- Effectively manage all aspects of risk – operational, market or credit risk.
- Determine customer LTV and predict behaviors such as attrition and cross-sell response with considerable accuracy and ease.
- Monitor all these initiatives with easy-to-use, industry-specific scorecards and dashboards.
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An insurance-specific data model reduces implementation time for major projects significantly, and integrated and extensible insurance solutions speed up both implementation and results, giving you a fast track to significant ROI. All of these solutions are part of the SAS Business Analytics Framework, which includes industry-leading data integration, analytics and reporting technologies. This framework provides the structure that allows you to address the most critical business issues right now and then add new functionality as needed over time to further drive performance improvements and increase value.
With over three decades of insurance industry experience, SAS empowers insurance companies to transform data into intelligence.
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Looking for more information on SAS® solutions for insurance?
Ready to put THE POWER TO KNOW® to work for you?
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Watch the
on-demand Webcast Supercharging Your Business Intelligence with Text Analytics
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Industries
Aerospace
