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Insurer International Life Taps SAS® for Compliance and Fraud Strategy to Spark Efficiency, Service - Analytics fuels Solvency II and fraud management, speeds reporting while reducing losses - SAS.com
Insurer International Life Taps SAS® for Compliance and Fraud Strategy to Spark Efficiency, Service

 

PRZOOM - /newswire/ - Cary, NC, United States, 2015/02/02 - Analytics fuels Solvency II and fraud management, speeds reporting while reducing losses - SAS.com.

   
 
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Boosting transaction reliability and customer service is just icing on the cake for International Life’s new compliance and anti-fraud efforts. With SAS®, the Greek insurer is poised to better tackle Solvency II regulations, combat car insurance fraud, and improve operations.

With SAS Risk Management for Insurance, International Life can more accurately plan for required available capital based on Solvency II. The company can also automate parts of the supervisory review with built-in validation rules.
The insurer is using multiple techniques within SAS Fraud Framework for Insurance to expedite fraud management, detection and prevention in compensation claims. As a result, International Life reduces fraud leakage while increasing productivity and reliability.

"For us, SAS was an ideal choice to effectively deal with two critical insurance industry challenges: Solvency II compliance and fraud management,” said Yannis Bravos, CEO of International Life. “With the latest SAS technology, we can provide better service to both our insurance intermediaries and customers.”

"We are very happy to welcome International Life, one of the oldest insurance companies in Greece, into the SAS customer family,” said Nikos Peppas, Country Manager of SAS Greece, Cyprus and Bulgaria.

Discover how analytics can help you prevent underwriting fraud.

About International Life

International Life is one of the oldest and largest insurance companies in Greece and has been present in the Greek insurance market for more than half a century. The group companies offer comprehensive insurance and investment plans addressed to individuals and businesses. The company has an international presence in Cyprus and Russia, while its wide network of 54 branches and 1,350 affiliated Agencies & Brokers cover Greece in its entirety. The company collaborates with top rated reinsurance brokers.

About SAS

SAS (sas.com) is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 75,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

Contact: Elpida Kallia - SAS Greece
P: +30 210 6898 730

 
 
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Insurer International Life Taps SAS® for Compliance and Fraud Strategy to Spark Efficiency, Service

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SAS | International Life
Contact: Kris Balic - SAS.com 
919-531-0624 Kris.balic[.]sas.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SAS Institute, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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