P&V Group chooses SAS for firm-wide risk management, Solvency II compliance

Issued by Anti-Clockwise for SAS Institute
Johannesburg, 24 May 2011

P&V Group has chosen SAS Risk Management for Insurance from the leader in business analytics software and services, to provide a central, firm-wide risk reporting solution that will help the organisation obtain a consistent and quick view of the overall risk exposures across its insurance entities in a structured and auditable way.

With SAS, P&V Group will be able to swiftly implement any new and future reporting requirements, including internal and Solvency II regulatory reports. SAS Risk Management for Insurance helps companies implement the Solvency II standard model approach for calculating risk-based capital.

The solution is built on a robust data management and reporting platform that integrates with the SAS insurance data model.

SAS Risk Management for Insurance is an integrated and extendible solution to meet the evolving risk analysis needs of insurance companies. It enables insurers to not only comply with Solvency II requirements, but gain competitive advantage from better risk-based business decisions.

EditorNote = P&V Group

The P&V Group is a co-operative insurance group that operates in Belgium and Luxembourg. They offer private individuals, self-employed persons, businesses and institutions an extensive range of life and non-life insurance products via different insurance companies. The organisation uses various brands and distribution channels for this purpose: brokers, exclusive agents, and a team of specialised account managers - for institutional clients and large businesses - and direct Internet sales.

SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 50 000 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'. http://www.sas.com and http://www.sas.com/sa

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. (R) indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright (c) 2009 SAS Institute Inc. All rights reserved.

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P&V Group chooses SAS for firm-wide risk management, Solvency II compliance

New solution offers single, integrated architecture for data quality, risk management and compliance.