|
|
Article: SAS(R) Enhanced Data Management Platform Helps Insurers to Prepare for Solvency II, Better Risk Management.
- Article from:
- Business Wire
- Article date:
- November 10, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CARY, N.C. -- The current financial crisis has placed a greater emphasis on the need for insurance companies to implement an enterprise risk management strategy. As a result, rating agencies, such as S&P, Moody's and AM Best, are recommending insurers implement an enterprise risk approach to ensure an excellent rating standard. SAS, the leader in business analytics, plans to help insurers address these risk needs with the latest release of SAS([R]) Insurance Intelligence Architecture. Central to the architecture is an updated insurance data model to support risk analysis and risk-based capital calculations.
"The basic concept of insurance is risk, but very few ...