German insurer ARAG fuses risk management in single SAS® platform
SAS® Risk Management for Insurance helps with Solvency II compliance, offers comprehensive financial overview
CARY, NC (16. okt. 2013) – In order to comply with Solvency II, ARAG needed to centralize risk management. Germany’s largest family-owned insurer wanted a comprehensive risk platform for data management - from risk calculations to reporting - to leverage compliance for business needs. ARAG turned to SAS® Risk Management for Insurance to establish a common technology platform for all divisions, worldwide subsidiaries and insurance classes.
SAS Risk Management for Insurance gives ARAG its first-ever financial overview of the risks within the group.
"The key for us is the end-to-end approach. The platform must model and calculate risks while managing risk data centrally for the entire group. It must also provide information through regulatory-compliant reports," said Wolfgang Mathmann, Head of Group Risk Management at ARAG. "The tasks must largely be performed with standard software to help minimize the project risks."
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