SAS® for Insurance
Delivering peace of mind and ensuring long-term success
Gartner reports SAS has the largest market share in Business Intelligence, Analytics, and Performance Management for the Insurance Sector.
Which Problem Are You Trying to Solve?
Respond to changing demographics and consumer demands
Effectively manage all aspects of risk and comply with ever-changing regulations
Improve competitiveness, protect against fraud while controlling costs
- SAS® Fraud Framework for Insurance
- SAS® Risk Management for Insurance
- SAS® Insurance Analytics Architecture
- SAS® Customer Analytics for Insurance
SAS® Fraud Framework for Insurance
Fraud costs the P&C industry $30 billion each year in the US alone, and that figure is projected to rise as both opportunistic and professional fraud continue to grow. It is estimated that more than 10 percent of all insurance claims are fraudulent, but insurers often accept fraud as a cost of doing business since it isn't cost-effective to pursue fraudulent claims after settlement. That's why SAS developed the SAS Fraud Framework for Insurance, an end-to-end solution for preventing, detecting and managing claims fraud across the various lines of business within today's insurers.
SAS® Risk Management for Insurance
SAS Risk Management for Insurance is a comprehensive solution for performing risk analysis and risk-based capital calculation for insurers. The solution enables life and P&C insurance companies to implement the Solvency II standard model approach for calculating risk-based capital and is built on a robust data management and reporting platform that includes an insurance-specific data model for complex risk analytics.
SAS® Insurance Analytics Architecture
Inconsistent, incomplete and inaccurate data spread across multiple operational systems – such as policy, claims and billing – often leads to business decisions based on "gut feel" rather than reliable analysis. What if you could consolidate data across the organization and make it easily accessible for analytics and reporting, so you could ensure consistency, reduce costs and data preparation time, as well as enable users to make fact-based decisions? You can.
SAS® Customer Analytics for Insurance
SAS Customer Analytics for Insurance delivers specific analytical techniques to help you understand and drive decisions related to customer profitability. The solution enables you to segment customers according to a multitude of variables – including demographics, geographics, claims history and other behavioral attributes – to create more meaningful and targeted marketing programs that lead to improved retention rates.
Ready to learn more?
Call us at 1-800-727-0025 (US and Canada) or request more information.