Reduce silos, automate processes and facilitate cross-departmental collaboration among actuaries, finance and IT.
A comprehensive approach to pricing transformation.
Insurance technologies and revenues have changed considerably in recent years. To stay ahead of this evolution, insurers must optimize every area of the business. This is particularly true for the pricing process, which directly impacts your profitability, brand reputation, market penetration and growth. SAS Dynamic Actuarial Modeling simplifies and speeds up premium creation and maintenance processes, ensuring that they are well-governed, traceable and easily summarized in comprehensive reports.
Price execution and governance capabilities that ensure your price is delivered to the market as it is intended to be.
SAS provides sophisticated modeling capabilities, including explainable machine learning models. This makes modeling more accessible for actuaries by giving them a choice of models and providing guidance throughout the pricing process.
Consistently apply GLMs/GAMs to risks using embedded AI capabilities.
As data becomes more abundant, our solution enables you to capture most heterogeneity represented by the complexity of your entire portfolio and compute premiums that represent individual risks in a tailor-made way, thus producing more competitive rates.
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