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SAS to facilitate Solvency II dialogueInsurance industry leaders, policy makers to convene on EU proposalCARY, NC (Oct. 03, 2007) – SAS, the leader in business intelligence, on Tuesday in Brussels will host a gathering of business leaders and public policy experts to discuss Solvency II, a set of proposed regulatory requirements for insurance firms that operate in the European Union. The rules will ensure financial stability of insurers by creating an international standard for how much capital insurance firms should earmark for unexpected events. “Understanding the meaning and impact of Solvency II is a priority for the entire insurance industry,” said Mikael Hagström, SAS Executive Vice President of Europe, Middle East, Africa (EMEA) and Asia Pacific. “SAS is committed to helping customers go beyond mere compliance with Solvency II. We are prepared to help them use its requirements to their competitive advantage.” SAS customers from Austria, Belgium, Denmark, France, the Netherlands, Norway, Sweden, Spain, Switzerland, Slovakia, Germany, Ireland and Portugal will hear remarks from and interact with the EU and other policy makers. SAS has a worldwide presence in the insurance industry, with more than 1,100 companies using SAS for customer intelligence, performance management and risk management.
SAS is the leader in business intelligence and analytical software and services. Customers at 43,000 sites use SAS software to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes. Only SAS offers leading data integration, storage, analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world
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