Facing Up to Fast-Paced Change
Insurance is an accelerating industry: customer expectations continue to grow while the expected time to deliver shrinks. The threat posed by fraudsters is increasing as the margin for organizational error is becoming ever smaller.
It is the perfect time then, to ask how can insurance digital transformation be successfully achieved – for customers and insurers alike?
With our expertise in the insurance field and our analytical and AI-base solutions, we can help you to reimagine your insurance digital transformation journey by creating a single decisioning brain that can derive insights from anywhere in your business and deploy them instantly.
Insurance Transformation.
Solved.
Reimagine insurance. Make a start now…
Elevate Customer Experience
A customer experience enhanced by analytics not only meets increasing customer expectations, but can also drive more value for your organisation, faster.
“We have a vision that the customer should feel recognized and understood across all touchpoints. To ensure this, we need a hybrid marketing approach that lets us combine our online and offline touchpoints in the same workflows.”
Jens Green, Corporate Marketing Director at Topdanmark.
Topdanmark
Due to separately developed digital and direct channels over time, Denmark’s second largest insurer was providing a disjointed customer journey with a bad flow of touchpoints. See how SAS CI360 de-siloed Topdanmark’s processes, delivering an omnichannel marketing approach with a real ‘wow’ experience.
Detect and Eliminate Fraud
Our hybrid analytics approach uses multi-layered detection methods to find more fraud at the individual claim or new business transaction, entity, and/or network level, making fraud analytics your first line of defence.
“It used to take our investigators six months to expose cases of organised fraud. SAS allows us to do it in 30 seconds.”
Yalcin Terlemez, IT Division Manager at Aksigorta.
Aksigorta
An estimated 10% of insurance claims in Turkey are fraudulent, costing insurers US$591 million annually. Aksigorta, one of Turkey’s leading insurers decided to fight back using an end-to-end fraud management system from SAS. See how the company did it and increased its fraud detection rate by 66%.
Manage Risk and Regulation
Risk and regulatory non-compliance are costly. Find the strategy that keeps you ahead of continually evolving regulations and which minimizes risk thanks to SAS.
“From the TM Asia point of view, our resources would not have been able to achieve the same level of excellence as SAS.”
Lim Hui Lam, Former Head of Operations, TM Asia.
Tokio Marine Asia
Singapore-based Tokio Marine Asia have partnered with SAS to deploy the SAS Solution for IFRS 17 across multiple entities, initially covering Singapore, Malaysia and Thailand, with plans to expand to other countries.
Since deployment they have seen cost savings of up to 26% on licencing and hosting fees and a 37% reduction in run time from 8 to 5 hours. The IFRS 17 project has broken through organisational and data silos as it transforms the way information is shared, aggregates data for rapid analysis, and facilitates faster and more accurate decision making for TM Asia.
Drive Dynamic Pricing
Unlock the insight hidden within your data that enables your organisation to respond quicker to changing market conditions and to understand each customer’s unique needs so that you can offer them proactive, customer-centric pricing.
SAS has speed, sophistication and power.
For many commercial lines, underwriting is still a manual process. A well-known American insurance organisation believed that with the large amounts of data available to it, there had to be a better way, if only it could extract the meaningful information from within its data. With SAS, they were able to unlock analytically derived insights from its data and produce key upticks in its pricing strategy.
SAS insurance facts, figures, and
analyst endorsements
>1400
insurance companies are using SAS worldwide
90%
of insurance companies in the Global Fortune 500 rely on SAS
47
of the top 50 largest global insures rely on SAS
SAS offers that delicate,
unique balance of safety
and innovation honed over
almost 50 years of expertise.
We deliver the freedom to explore with the governance to be compliant.
The leading position of our technology is clear – and Forrester agrees.
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