P&V Group chooses SAS® for firmwide risk management and Solvency II compliance
New solution offers single, integrated architecture for data quality, risk management and compliance
TERVUREN (May 04, 2011) – P&V Group has chosen SAS Risk Management for Insurance from the leader in business analytics software and services, to provide a central, firm-wide risk reporting solution that will help the organization obtain a consistent and quick view of the overall risk exposures across its insurance entities in a structured and auditable way.
With SAS, P&V Group will be able to swiftly implement any new and future reporting requirements, including internal and Solvency II regulatory reports. SAS Risk Management for Insurance helps companies implement the Solvency II standard model approach for calculating risk-based capital. The solution is built on a robust data management and reporting platform that integrates with the SAS insurance data model.
SAS Risk Management for Insurance is an integrated and extendible solution to meet the evolving risk analysis needs of insurance companies. It enables insurers to not only comply with Solvency II requirements but gain competitive advantage from better risk-based business decisions
About P&V Group
The P&V Group is a cooperative insurance group that operates in Belgium and Luxembourg. They offer private individuals, self-employed persons, businesses and institutions an extensive range of life and non-life insurance products via different insurance companies. The organization uses various brands and distribution channels for this purpose: brokers, exclusive agents, a team of specialized account managers - for institutional clients and large businesses - and direct internet sales.
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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