Insurance Analytics Software
保險業
有效提升偵測及預防詐欺的能力
- Advanced Analytics 進階分析帶給您全新的見解
- Data ManagementGo beyond managing your data to unleashing its full potential.
- Marketing AnalyticsTake marketing management to new heights to drive profitable revenue growth.
- SAS Enterprise Miner串流資料採礦過程建立大數據基礎的高度精確描述及預測模型。
- SAS® Capital Planning & ManagementCreate a consolidated capital planning environment that lets you tightly integrate your risk and finance systems.
- SAS® Data QualityImprove the value of your data – and maintain that excellence – for better data-driven decisions.
- SAS® Detection and Investigation for InsuranceDetect, prevent and manage insurance claims fraud across all lines of business.
- SAS® Insurance Analytics ArchitectureConsolidate data across the organization and make it easily accessible for analytics and reporting.
- SAS® Solution for IFRS 17Simplify your transition to the IFRS accounting standard with best-in-class models, workflow and reporting.
- SAS® Solution for LDTIManage, audit and trace all steps of LDTI compliance processes within a single, integrated environment.
- SAS® Solution for Solvency IIMeet evolving Solvency II compliance demands and gain a greater understanding of your company's risk and financial condition.
- SAS® Underwriting Risk Management for P&C InsurancePerform loss estimation, reserving and risk management analysis in a single, high-performance analytics environment.
- SAS® Visual Analytics以視覺化方式探索資料、發掘關係與模式,快速發佈於網站與行動裝置。
Fraud Detection
Pay-and-chase doesn't pay off. SAS insurance analytics software stops fraud.
Reduced fraud-related losses. Fewer false positives. And greater investigator efficiency. SAS insurance analytics software helps you detect, prevent and manage:
- Claims fraud. Detect and prevent both opportunistic and professional fraud throughout the claims process.
- Underwriting fraud. Prevent premium leakage at the point of sale and renewal.
- Rate evasion. Spot rate evasion tactics during the quote process – before you issue a policy.
Assemble alerts from multiple monitoring systems automatically. Associate them with common individuals or entities. Then automatically prioritize and route them to appropriate team members for investigation. Only SAS enables you to:
- Find more fraud faster. Our unique hybrid approach combines business rules, anomaly detection, predictive analytics and social network analysis. The result? You can uncover hidden relationships and detect subtle patterns of behavior in masses of data – both structured and unstructured – that would otherwise be missed.
- Prioritize investigations. Don't waste precious investigation time. SAS analyzes all related activities and relationships at a network dimension to detect previously hidden linkages and uncover organized fraud rings. And you can ensure that the highest-value cases get prioritized appropriately.
- Streamline processes. Comprehensive case management tools facilitate more efficient investigations. You can capture and display all pertinent information without corrupting the system with duplicate data entry.
Our focus on analytics over business rules has led to the discovery of 259 million TL [US $86 million] in potential fraud cases within the first nine months of using the solution.
Recommended Resources
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Growth & Profitability
Aim for growth. And hit your mark.
New sales opportunities that lead to more valuable customer relationships. Proactive retention strategies that help you hold on to your most desirable customers. And reduced marketing costs. SAS delivers comprehensive insurance analytics software with capabilities for:
- Customer segmentation. Create more granular customer segments based on demographic, geographic, attitudinal and behavior data across your business.
- Customer retention. Predict customer lapse, and create personalized campaigns designed to keep your most valuable customers from leaving.
- Cross-sell and up-sell. Uncover new revenue opportunities. Predictive analytics enables you to forecast expected customer behavior and connect the right offers to the right customers. At the right time.
- Marketing analytics. Understand your customers better than ever and drive your marketing efforts forward with a complete view of the customer across all products and distribution channels.
Unlock insights hidden in your customer data. Use this knowledge to retain your most valuable customers and acquire more like them. And reduce your marketing costs while improving your overall profitability. Only SAS provides proven software, services and insurance best practices that enable you to:
- Gain a 360-degree view of the customer by consolidating all policy, claims and billing data, then cleansing and transforming the data into a complete picture of the entire customer relationship.
- Determine which policyholders are most likely to lapse or cancel policies by using predictive analytics to identify behaviors that signal attrition so you can do something about it before it happens – not when it’s too late.
- Connect the right products to the right customers at the right time through agents and direct channels by using customer analytics to understand – and act on – what drives customer loyalty.
SAS converts raw data into useful information and helps us focus on producing clean, consolidated results.
Recommended Resources
Find out what's needed to exploit IoT's full potential for competitive advantage and growth.
Risk & Compliance
Better risk management. Faster compliance. No hesitation.
Align strategies and goals across finance, risk, actuarial and regulatory compliance functions. Develop strategic plans at the entity level involving appropriate insurance business units. Our insurance analytics software delivers comprehensive solutions for:
- IFRS 17/LDTI. Take a comprehensive approach to insurance contract accounting − from data sources to reporting – with predefined data models supporting all methodologies required to successfully implement IFRS 17/LDTI – including posting generation, a subledger, process management and governance. For IFRS 17, SAS supports the general measurement model (GMM), formerly known as the building block approach (BBA) for long-term contracts, the premium allocation approach (PAA) and the variable fee approach (VFA). For LDTI, SAS supports the calculation of net premium ratio (NPR), liability for future policy benefits (LFPB), amortization of deferred acquisition of cost (DAC) and market risk benefits (MRB).
- Solvency II. Accurately evaluate your risk exposure – and meet requirements for governance and auditability required by Solvency II or similar regulatory regimes – with solutions that accommodate new solvency models, data management processes and complex reporting requirements.
- Ratemaking. Take your actuarial ratemaking process to the next level and enable on-demand pricing at scale using machine learning to gain actionable insight and drive agility. Develop more precise tariff models faster through an agile methodology. Quickly deploy tariffs into production, and embed real-time pricing optimization.
Adopt a single, integrated risk and compliance solution. Easily communicate critical risk information to the right people. And protect your company from sudden and dramatic changes in market circumstances. With SAS, you can:
- Ensure accurate risk and compliance information with a risk data repository and insurance-specific data model that serves as a single source of information for an enterprise risk data warehouse.
- Aggregate and evaluate risk across multiple levels – at the business unit, line of business, company or group level – by performing valuation, stress and scenario-based testing using a sophisticated, powerful risk engine.
- Reduce the impact of risks by applying advanced analytics that enable you to anticipate enterprise risks and initiate risk control measures to mitigate losses.
- Enable more strategic risk and compliance related decisions by allowing risk analysts to access and communicate information when they need it, in the format and level of detail they require.
Recommended Resources
Read about the essential steps to ensuring Solvency II compliance and ongoing enterprise risk management.
Analytics
Discover new opportunities. Solve more complex problems. Share insights.
An intuitive, versatile analytics framework. The power to analyze, forecast and optimize your business processes. And better decisions based on facts, rather than gut feel. Our insurance analytics software delivers powerful analytic capabilities that can help you with your most pressing issues, including:
- Actuarial analysis and ratemaking. Create more competitive pricing models by using multivariate statistical techniques to increase rating granularity.
- Claims analytics. Reduce loss ratios and lower loss-adjustment expenses by apply analytics across the entire claims process.
- Distribution optimization. Get analytical insight into the predictive factors that maximize the performance of your multichannel distribution strategy.
Make analytics a part of your daily business processes. Improve efficiencies and enhance your business performance, aided by better executive and operational awareness. And gain the insight necessary to get and keep a competitive advantage. Only SAS enables you to:
- Ensure accurate, reliable information. An insurance-specific data model serves as a single version of the truth for an enterprise data warehouse.
- Use predictive analytics to figure out why things are happening. Find out what will happen next. And choose the best alternative action considering all of your operating constraints.
- Put powerful analytics within everyone’s reach. Our data visualization capabilities enable even nontechnical users to explore and interact with data on their own.
We’ve managed to significantly reduce the frequency of insurance fraud cases and the average cost of claims over the past three years. This has enabled us to reduce the levels of premiums of our loyal customers.
Recommended Resources
IoT
Big data from IoT. Bigger advantage – with AI and IoT.
In the digitally transformed insurance industry, it is crucial to have an effective IoT strategy that includes artificial intelligence (AI) in order to derive value from vast amounts of IoT data. By applying SAS analytics with embedded AI to your IoT data, you can gain actionable insights into your customers and how their needs change over time, while finding profitable revenue streams that differentiate your business. SAS delivers:
- Risk analysis. Assess risk, create new pricing policies and estimate claim reserves using different data types from IoT devices with embedded AI.
- Social media data analysis. Gain insights for creating personalized and digitally transformed offerings and customer experiences.
- Telematics. Quickly identify new risk factors and create new pricing models from telematics and other IoT data with rapid deployment and testing of powerful AI-based models.
- Customer experience. With IoT data and AI, you can generate real-time pricing for customers, offer health and well-being services, and manage customer mortality risk.
- Claims processing. IoT and AI are driving further evolution in claims processing, aligning toward active loss prevention, including:
- In-vehicle sensor data analysis, which provides warnings of dangerous driving patterns.
- Weather sensor data analysis, which complements underwriting and loss prevention.
- Drone data and aerial imagery analysis, which is used for property inspection in the event of a damage claim.
SAS delivers advanced analytics with a unique breadth and depth, along with extensive analytics IP for insurance and the ability to unify diverse, open source technology environments. In addition, SAS draws on a robust partner ecosystem to further help you reduce risk, ensure business continuity and accelerate time to value. With SAS, you can:
- Reduce costs and increase efficiency. Collect, manage and analyze data where it lives.
- Have more confidence in decision making. Make decisions using accurate, timely insights based on all available data, including IoT data at rest, in motion and everywhere in between.
- Boost the productivity of your data analytics teams. Provide a single, collaborative environment that developers and partners can use to build and expand on sophisticated models that deliver highly accurate results.
- Seize new IoT market opportunities resulting from changing conditions. Tap into the full potential of all your data and a robust ecosystem.
- Deliver personalized customer experiences. Gain real-time insight into your customers and how their needs change over time.
- Realize both incremental and long-term business gains. Streamline and automate processes across your IoT infrastructure.
We now receive the amount of data we used to receive in a year, all within the space of less than a week. We rely on SAS to analyze this data.
Recommended Resources
Find out how insurers are using big data to glean fresh insights that drive innovation.
Since 1976, companies worldwide have trusted SAS.
Get started with the analytics leader.
開拓新客戶、降低理賠風險、提升管理程序效率
保險業主要是根據過去的資訊與經驗,來預測未來理賠或損失風險的能力。
然而,由於營運成本不斷增高、法規壓力不斷攀升、理賠費用日益激烈競爭及日益提高,保險公司正面臨不確定的未來。
深入瞭解客戶 因應不斷變化的人口統計和消費者需求。
有效管理風險 有效管理所有層面的風險及遵循日新月異的法規。
提前防範詐欺 改善競爭力、防禦詐欺並同時控管成本。
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Advanced Analytics
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Customer Intelligence
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Decision Management
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High-Performance Analytics
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Fraud Framework
Advanced Analytics
進階分析帶給您全新的見解
SAS Analytics 提供整合式環境,以便進行預測與敘述性模型建立、資料採礦、文字分析、預測、最佳化、模擬、實驗設計等。從動態視覺效果至預測模型建立、模型部署和程序最 佳化,SAS 提供了各種技術和程序可供進行資料的收集、分類、分析與解釋,以顯示模式、異常狀況、重要變數與關係,最終帶來全新的見解並更快速地提供更好的答案。
- Data Mining 簡化資料採礦過程,建立以大量資料為基礎的高度精確描述及預測模型可快速啟動並執行預建模型。
- Optimization & Simulation 最佳化業務程序及處理管理科學挑戰。
- Forecasting 自動執行大量資料且多階層的預測分析。
- Text Analytics 將未經結構化的資料資產中隱藏的價值最大化。
- SAS Analytics Pro 強大而完整的分析工具集。
Since 1976, companies worldwide have trusted SAS.
Get started with the analytics leader.
Customer Intelligence
有感行銷 深化客戶智慧再創新局
SAS 客戶智慧解決方案擁有全球最好的分析功能,可洞察出獲利成長性最高的商機、最佳的行銷執行能力,可將跨業務影響發揮至最大, 最終將行銷管理推升至更高層次,協助企業尋求獲利型營收成長。
- 整合線上客戶行為資料以及離線資料,以供制定更好的決策
- 規劃、測試並執行活動,以改善效率及投資報酬率
- 規劃、設定優先順序及最佳化溝通,以獲取最大利潤
- 提升即時客戶互動的價值
- 整合與分析線上交談,並採取行動
Since 1976, companies worldwide have trusted SAS.
Get started with the analytics leader.
Enterprise Decision Management
快速且完全整合的自動化決策
提升日常商業營運的效率
企業輕鬆在單一整合的平台上,將預測模型嵌入其營運決策流程中。如此一來,將可提供更準確、可重複且可追蹤的商業邏輯,最終達成縮短決策生命週期的目標。
- 強大的決策平台
- 縮短決策時間
- 簡單的模型整合
- 結合業務規則與分析
- 加速最佳模型的管理與部署
- 確保模型保持最新狀態且精確無誤
- 具備稽核能力與遵法特性,以滿足監管要求
- 簡化模型建置流程,以產生一致且及時的結果
Since 1976, companies worldwide have trusted SAS.
Get started with the analytics leader.
High-Performance Analytics
處理巨量資料
即時獲得高精準度的分析見解以解決複雜的問題
解決需經複雜分析才能應付的商業問題,且能處理巨量資料。不僅突破現有建模工具無法分析巨量資料的藩 籬,也打破現有運算基礎建設的限制。您可獲得即時的分析結果 (通常是幾秒或幾分,而非數小時或數日) 專業分析人員可以準備、探索以及建立多種情境案例模型,以即時產出精準的分析見解,便於更準確地決策。
- 迅速反應能力、掌握新商機、管理風險、正確抉擇
- 有效率提出高價值的見解、做出即時關鍵決策
- 避免使用簡易分析資料,解決複雜問題
- 可擴充性的基礎設備,處理巨量資料與複雜運算
Since 1976, companies worldwide have trusted SAS.
Get started with the analytics leader.
Fraud Framework for Insurance
每年單是在美國,產險業因為保險詐欺導致多達 300 億美元的損失,由於投機及專業詐欺持續增加的緣故,預計該項數字還會往上升高。
現今,根據估計大約超過 10% 的保險理賠屬於保險詐欺,由於理賠後如欲進行索賠則所費不貲,保險業者通常認為保險詐欺是執行保險業務所必須付出的成本。
SAS Fraud Framework for Insurance 對現今的保險業者來說這是個端對端解決方案,他們可以在保險的各種業務中預防、偵測並管理詐欺索賠。
Since 1976, companies worldwide have trusted SAS.