What is SAS Insurance Capital Management?
SAS Insurance Capital Management is an insurance capital management solution that helps insurers assess capital requirements, analyze risk, manage regulatory data and automate regulatory and management reporting. It supports regulatory frameworks, including Solvency II and ICS 2.0 and provides a flexible framework for extending risk analysis to additional regulatory requirements.
How SAS Insurance Capital Management works
SAS Insurance Capital Management brings together capital analysis, risk management, insurance risk data, regulatory reporting and AI assistance in an integrated environment. Explore how the solution helps insurers meet capital requirements, assess risk, manage regulatory data and produce reports for regulators and management.
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Manage insurance capital requirements & regulatory compliance
SAS Insurance Capital Management helps you calculate standard-model insurance risk capital requirements and produce regulatory and management reports for regimes such as Solvency II and ICS 2.0. Its flexible framework supports evolving risk analysis needs and helps you monitor solvency requirements.
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Analyze insurance risk & solvency
SAS Insurance Capital Management helps you assess how economic factors and changing market conditions can affect assets, liabilities and their overall financial position. Stress testing capabilities support analysis of sudden changes in market conditions, while the risk analytics framework supports internal models and can be extended to address regulatory regimes beyond Solvency II and ICS 2.0.
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Centralize insurance risk data
SAS Insurance Capital Management provides an integrated risk data warehouse for consolidating historical data from internal and external sources. The insurance-specific data model includes asset and liability exposures, claims, reinsurance arrangements, economic and actuarial risk factor assumptions, and product configurations. Built-in data quality and auditing capabilities help improve data consistency, transparency and traceability.
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Automate regulatory & management reporting
SAS Insurance Capital Management helps you streamline Solvency II reporting through customizable dashboards, a flexible data point model and automated validation. Its extensible validation rules engine includes more than 600 predefined intra- and inter-report checks based on EIOPA specifications. Predefined templates and web-based ad hoc reporting capabilities support the distribution of risk information to regulators and senior management.
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Use AI assistance for insurance capital management
SAS® Viya® Copilot for Insurance Capital Management provides natural-language assistance for working with the solution. Users can ask questions about product functionality, understand how Solvency II requirements are implemented and analyze run log files to troubleshoot processing issues, warnings and unexpected results.
Key features
A comprehensive risk analytics framework for better risk decision making through higher-quality data, advanced analytics, faster internal and regulatory reporting, and transparency and auditability.
Risk analysis framework
Provides a flexible and extendible software framework that meets evolving risk analysis needs.
Market-leading reporting platform
Includes predefined capital requirements reports and an extendible data infrastructure that supports ad hoc and nonregulatory reporting requirements.
Integrated data management
Improves data quality and meets Solvency II and ICS 2.0 guidelines by reducing data inconsistencies. Includes prebuilt capabilities for loading data from the data model to the risk software.
Insurance-specific data model
Serves as a single source of information to address Solvency II and ICS 2.0 data requirements, and accelerates regulatory compliance.
End-to-end functionality
Includes an integrated insurance data model, data management capabilities, advanced analytics and reporting technologies for a comprehensive approach to a risk culture.
Scalability
Provides a distributed, in-memory environment that effortlessly scales to support new demands as data volumes, user bases and analytic complexity increase.
Natural language analysis with SAS Viya Copilot
Accelerates analysis workflows and troubleshooting using natural language support for solution functionality, Solvency II regulatory implementations and log file analysis.
SAS Insurance Capital Management frequently asked questions
What is SAS Insurance Capital Management?
SAS Insurance Capital Management is an insurance capital management solution that helps insurers calculate capital requirements, analyze risk, manage insurance risk data and produce regulatory and management reports. It supports regulatory frameworks including Solvency II and ICS 2.0 and provides a flexible framework for extending risk analysis to additional requirements.
How does SAS Insurance Capital Management support Solvency II compliance?
SAS Insurance Capital Management helps insurers manage Solvency II requirements through insurance-specific data management, capital and risk calculations, regulatory reporting and validation capabilities. Its reporting platform includes predefined capital requirement reports and more than 600 predefined intra- and inter-report validation checks based on EIOPA specifications.
Does SAS Insurance Capital Management support ICS 2.0?
Yes. SAS Insurance Capital Management supports Insurance Capital Standard (ICS 2.0) requirements through its insurance-specific data model, risk analysis framework, capital calculations and regulatory reporting capabilities.
What types of insurance risk can SAS Insurance Capital Management analyze?
SAS Insurance Capital Management provides an integrated framework for analyzing insurance risks associated with assets and liabilities, claims, reinsurance arrangements, economic and actuarial risk factors and product configurations. The framework can also support internal models and be extended to address additional regulatory requirements.
How does SAS Insurance Capital Management help insurers with regulatory reporting?
SAS Insurance Capital Management helps automate regulatory reporting through predefined capital requirement reports, an insurance-specific data point model, configurable validation rules and web-based reporting capabilities. It supports both regulatory reporting and management reporting.
Does SAS Insurance Capital Management include AI capabilities?
Yes. SAS Viya Copilot for Insurance Capital Management provides natural-language assistance for product functionality, Solvency II implementation questions and analysis of run log files. It can help users troubleshoot processing issues, warnings and unexpected results.