SAS® Underwriting Risk Management for P&C Insurance

Integrated data management

  • Provides an insurance-specific data model that serves as a single source of information for the enterprise risk data warehouse.
  • Provides integrated data quality tools that eliminate or reduce data inconsistencies.
  • Includes prebuilt capabilities for loading data from the data model to your risk solutions and for populating the data warehouse from operational data sources.
  • Self-documenting audit functionality provides a complete audit trail of all changes to data and risk models.

Blend of actuarial and financial techniques for valuing P&C insurance liabilities on both an accident- and underwriting-year basis

  • Provides a methodology framework for rapid development of new P&C loss reserve estimation methods.
  • Includes prebuilt techniques for calculating loss reserves – link ratio, chain-ladder, Mack, Cape Cod and Bornhuetter-Ferguson.
  • Analyzes loss triangles and reserves by line of business, product, country, currency, etc.
  • Enables reporting on loss and exposure concentrations by geography and product, and drill-down to policy or coverage level.

Flexible risk analysis and reporting framework

  • Delivers a single management platform and modular structure that meets the needs of multiple business divisions.
  • Provides comprehensive risk reporting features, including predefined templates for reporting results to regulators and an internal risk management dashboard.
  • Supports integration of multiple systems and third-party tools for designing end-to-end processes for business users.
  • Provides control panel for monitoring job execution status.
  • Enables rapid development of new models, methodologies and ad hoc reports.

High-performance capabilities

  • Delivers faster analytical results via a massively parallel processing, in-memory execution environment.
  • Scalable architecture scales smoothly from a single server to a grid computing environment for efficient use of hardware resources, reduced IT costs and to support future growth needs.

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