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German Insurer ARAG Fuses Risk Management in Single SAS® Platform - SAS® Risk Management for Insurance helps with Solvency II compliance, offers comprehensive financial overview - SAS.com
German Insurer ARAG Fuses Risk Management in Single SAS® Platform

 

PRZOOM - /newswire/ - Cary, NC, United States, 2013/10/16 - SAS® Risk Management for Insurance helps with Solvency II compliance, offers comprehensive financial overview - SAS.com.

   
 
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In order to comply with Solvency II, ARAG needed to centralize risk management. Germany’s largest family-owned insurer wanted a comprehensive risk platform for data management - from risk calculations to reporting - to leverage compliance for business needs. ARAG turned to SAS® Risk Management for Insurance to establish a common technology platform for all divisions, worldwide subsidiaries and insurance classes.

SAS Risk Management for Insurance gives ARAG its first-ever financial overview of the risks within the group.
While complying with Solvency II regulations, the insurer expects to gain valuable new information and tools for corporate management.

"The key for us is the end-to-end approach. The platform must model and calculate risks while managing risk data centrally for the entire group. It must also provide information through regulatory-compliant reports," said Wolfgang Mathmann, Head of Group Risk Management at ARAG. "The tasks must largely be performed with standard software to help minimize the project risks."

Read more about SAS Risk Management for Insurance.

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 65,000 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®.

Peter Schütte, SAS Germany
E: Peter.Schuette[.]ger.sas.com - T: +49 6221 415-1220

 
 
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German Insurer ARAG Fuses Risk Management in Single SAS® Platform

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SAS Institute Inc. | German Insurer ARAG
Contact: Kris Balic - SAS.com 
919-531-0624 kris.balic[.]sas.com
 
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