SAS, a business analytics software service provider, announced the release of its Risk Management for Insurance solution designed to help property/casualty insurers implement its Solvency II model.
“Solvency II and other regulatory requirements are increasing the adoption of risk management solutions within insurance carriers,” said Karen Pauli, research director, TowerGroup. “Behind these initiatives is an increased focus on data management, especially data quality, analytics, including stress testing, and reporting.”
The company says the solution helps insurers better understand how to extract information from a balance sheet, stress-tests a company’s liability, and has the ability to be integrated with third-party risk software.
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