KBC chooses SAS® for central, groupwide risk reporting
New solution will help KBC meet and implement current and future risk reporting requirements as well as Solvency II guidelines
CARY, NC (Mar. 21, 2011) – KBC has chosen SAS Risk Management for Banking, SAS Risk Management for Insurance and SAS Financial Management from the leader in business analytics software and services, to provide a central, groupwide risk reporting solution. With SAS, KBC can obtain a consistent and quick view of the overall risk exposures across risk types, departments and geographies.
KBC will be able to swiftly implement any new and future reporting requirements, including Solvency II guidelines. Supported with extensive workflow capabilities, the entire groupwide risk reporting process will be covered including: data integration and storage of different risk results, data quality monitoring, reconciliation of finance and risk numbers, risk aggregation, internal reporting on all risk types, data exploration and regulatory reporting (such as Solvency II).
KBC is a bancassurer that focuses on its home markets in Belgium and Central and Eastern Europe (Czech Republic, Slovakia, Poland, Hungary and Bulgaria). KBC's headquarters are located in Brussels (Belgium), the heart of Europe. The group employs approximately 54,000 staff members and caters to 12 million customers.
KBC Group NV is listed on NYSE Euronext Brussels (ticker symbol "KBC").
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 50,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world
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