SAS wins innovation award for insurance fraud prevention technology

SAS® Fraud Framework for Insurance recognized by Strategy Meets Action (SMA)

Business analytics leader SAS was recognized by leading insurance strategic advisory firm Strategy Meets Action (SMA) with its SMA Innovation in Action award for SAS® Fraud Framework for Insurance. This honor spotlights how new technologies can help modernize, optimize and innovate insurance practices.

"SAS, the winner in the IT solution provider category for SAS Fraud Framework for Insurance, provides a cutting-edge solution by combining key next-generation technologies to help insurers detect and prevent both opportunistic and organized claims fraud," said Karen Furtado, SMA Partner, during the award presentation.

Known for helping to prevent, detect and manage claims fraud across lines of business, SAS Fraud Framework for Insurance increases investigation efficiency and accuracy of special investigations units for leading insurers such as Allstate and CNA.

"Fraud is a growing challenge for insurance companies, especially organized fraud," said Stuart Rose, Global Insurance Marketing Manager at SAS. "This recognition validates SAS innovation in addressing this issue. SAS customers using such advanced technologies have higher detection rates and more accurate scoring of claims for suspicious activity. And they benefit greatly from flagging – and stopping – fraud rings sooner."

The award was presented at the annual SMA Summit at the Mandarin Oriental Boston on Sept. 24.

Learn more about a hybrid approach to insurance fraud detection.

About SMA Innovation in Action

SMA launched this award program to inspire, share, and recognize solutions that enable an insurance company to move beyond modernizing and optimizing to real innovation and transformation, ultimately creating differentiation and competitive advantage. The program spotlights both insurers and solution providers that have successfully implemented solutions that best leverage one or more of these five next-generation (next-gen) technologies: mobile, collaboration, analytics and big data, social media, and cloud.

Om SAS Institute i Norden og Baltikum

SAS Institute er verdens største privateide IT-selskap med over 11 000 ansatte og 50 000 kunder i 127 land, og er ledende leverandør av Business Intelligence og Analytics løsninger. Selskapet har opparbeidet en sterk posisjon i Norden og Baltikum og bistår over 1300 kunder fra kontorer i Oslo, Stavanger, København, Skanderborg, Stockholm, Helsinki, Riga og Vilnius.

Siden 1976 har SAS Institute gitt kundene muligheten til å ta riktigere beslutninger raskere. Avanserte statistikk- og analysemetoder i brukervennlige applikasjoner hjelper virksomhetene med å avdekke nye sammenhenger og se nye forretningsmessige muligheter. SAS Institute er den eneste leverandøren som fullt og helt integrerer datavarehus, analyse og løsninger for Business Analytics, slik at du får ny og overordnet kunnskap ut av din virksomhets data.

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Strategy Meets Action SMA Innovation in Action 2012

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