Terra Insurance, a subsidiary of the Terra Group, is using SAS Risk Management for Insurance to help it meet Solvency II requirements by managing risks and calculating metrics. Automating the reporting process will reduce organizational strain for the company. The solution also will provide full traceability and required documentation in line with regulations.

“The regulations are the same for all insurance companies, regardless of size,” says Hans Olav Høiby, risk manager at Terra Insurance. “Being relatively small compared to our international competitors, it is key for us to use to the Solvency II regulations to improve our internal processes. We can use insight from the required project to develop additional business opportunities, such as tailoring new products.”

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access