SAS rewarded for Solvency II services
High-performance analytics provider recognised for helping insurers meet new regulatory demands
05 July 2012 - SAS, the leader in business analytics software and services, has been named Solvency II Services Firm of the Year 2012 by Reactions magazine. Award winners were chosen by an independent panel of distinguished insurance market executives based in London.
The award is for SAS' continued excellence in providing high-performance analytics to insurance companies so they can improve risk assessment and gain full transparency on their capital requirements to cover their portfolio, while also complying with Solvency II regulations.
The Reactions London Market Awards is a prestigious event that rewards exceptional performance and innovation within the global insurance industry. The awards are renowned within the industry for applying the most thorough and impartial judging process to entries. It involves a survey by industry professionals, followed by an editorial shortlist and an assessment by the awards judging panel.
David Benyon, deputy editor at Reactions, said: "From my own personal editorial experience, writing across the insurance, reinsurance, banking and risk management industries for several years, I have been acutely aware that SAS is a truly leading business intelligence and technology provider, offering a suite of risk-based products to equip insurance industry clients with sophisticated software tools and adroit business intelligence expertise. Those advantages mean that insurers can be better equipped to deal with increasingly complex risk and regulatory requirements, such as those being readied in London and across Europe for Solvency II compliance. I hope to see SAS continue its sterling investment in serving the global insurance industry in the years to come."
Mark Wilkinson, managing director at SAS UK & Ireland, said: "We are absolutely delighted to be recognised by Reactions for our work helping insurance firms across the UK prepare to meet Solvency II. There is a huge data challenge facing the insurance industry, potentially worth £4.5billion to the UK economy over the next five years according to the recent report on 'data equity' by the Centre for Economics and Business Research. This award goes to show that high-performance analytics solutions from SAS can enable insurers to overcome these challenges, prepare for the future and unlock the economic opportunity presented by big data."
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 55,000 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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