SAS^® Strategic Performance Management for Insurance

For today's insurance company, faced with the demands of increased competition, rising claim costs and the collapse of capital markets, it is essential to translate business strategy into actions that can be quickly measured and monitored throughout the enterprise.

But many companies find it increasingly difficult to achieve this goal, given the task of transforming vast quantities of potentially useful data scattered throughout the enterprise into the intelligence that executives need to make truly strategic decisions. What's more, the common "silo" mindset among business units slows the delivery of information to those who need it, and a lack of clear performance measurements can make it impossible to execute corporate strategy successfully.

SAS Strategic Performance Management for Insurance gathers information from various sources throughout the enterprise and then uses it to provide the performance measures you need to make better strategic decisions and communicate those decisions throughout the organization.

Employing more than a quarter-century of insurance experience through insurance-specific models and key performance indicators (KPIs), SAS Strategic Performance Management for Insurance includes:

• A map to plan your journey: A design tool that lets business users define corporate direction and document strategic objectives, measures, targets and initiatives.

• A compass to keep you on course: A communication tool that allows you to interact, share results and capture your corporate personality. It includes a Web-based interface with powerful strategy maps, tables, charts, graphs and textual commentary.

• A knowledge base to explore new opportunities: Designed to capture, store and exploit corporate knowledge. The knowledge base gives IT professionals the tools to set up internal communication channels and simplify, organize and audit every byte of information that flows through your enterprise, at whatever pace your business requires.

• An enterprisewide business scorecard: Incorporates insurance-specific KPIs to provide a more strategic, single view of your enterprise to drive the business forward.

• An insurance-specific data architecture: Allows you to quickly organize disparate data sources into a reliable platform for a single version of the truth and effective customer and organizational analysis you can act on.

Comprehensive insurance intelligence
SAS Strategic Performance Management for Insurance is available as a component of SAS Insurance Intelligence Solutions, a suite of software and services that combines award-winning analytic and data warehousing technology with decades of industry experience. Through proven, prebuilt processes, techniques and models, SAS Insurance Intelligence Solutions speed up both implementation and results — yielding significant returns within months, not years.