In-memory, graphic BI software spotlights key trends for insurance
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CARY, N.C.--(BUSINESS WIRE)--
When planning and protecting against potential risks for its customers,
insurance companies place a premium on powerful data visualization and
business intelligence software, as evidenced by insurers representing 14
percent of the 2013 global sales for SAS®
In 2013, more than 1,400 organizations licensed SAS Visual Analytics –
dramatic growth for software introduced less than two years ago. This
rapid market adoption demonstrates the value of the software’s ability
to graphically highlight trends in data of any size and enable business
professionals to perform self-service data analytics.
Leading Greek insurer, Ydrogios Insurance, is harnessing SAS Visual
Analytics to strengthen business operations. Insurance companies
struggle to manage and analyze big, often scattered data in ways that
are intuitive, fast and efficient. With SAS, Ydrogios has a powerful
analysis and visualization tool for understanding shared, comprehensive
“SAS Visual Analytics helps Ydrogios Insurance put data management and
analysis at the heart of its strategic planning enhancing areas such as
financial and risk management planning, new product design,
underwriting, sales, actuarial and other critical functions of the
company,” said Pavlos Kaskarelis, Vice President and CEO of Ydrogios
With SAS, Ydrogios executives can rapidly collect, analyze and present
crucial information such as loss rates and frequency, number of insured
risks, number and amount of compensation and premiums. The company’s
business professionals can conduct their own big data analysis,
correlation and presentation, based on defined parameters. The
user-friendly interface requires no specialized technical knowledge.
SAS gives Ydrogios management anytime, anywhere mobile access, advanced
analytics, data visualization and presentation formats such as detailed
charts, and performance indicators. Thus armed, they can identify trends
and key sectors to gain a complete picture of the company's activities
and intervene as necessary.
Ydrogios and many other insurers appreciate SAS Visual Analytics for
“Success in the insurance business is all about mastering the numbers.
SAS Visual Analytics provides our insurance customers with an easy,
robust means to explore their information,” said Stuart Rose, Global
Insurance Marketing Principal for SAS. “Customers can analyze data with
SAS Visual Analytics on their own, without IT, so that they can quickly
find correlations to predict future behavior.”
Among the many insurance organizations who have licensed SAS Visual
Analytics are Allianz - Slovenska Poistovna, Aviva Health Insurance
Ireland Limited, Generali Hellas, metafinanz, Santiane.fr and XL Group.
To see how SAS Visual Analytics helps insurance firms gain fast insight
to business challenges, find direction on new product offerings or
develop a better understanding of market behavior, see this online
demo. To fully experience the power of SAS Visual Analytics, try
Ydrogios, one of the leading insurance companies in Greece, has been
active in the Greek market for four decades. With a premiums volume of
122.6 million euros (US$165 million) in 2012, the company is
consistently listed among the top general insurance companies in Greece.
It has also had a dynamic presence in Cyprus since 2002, with the
establishment of its subsidiary, Ydrogios Insurance Company (Cyprus) Ltd.
Ydrogios Group currently offers services to more than 500,000 satisfied
customers in Greece and Cyprus. It has developed a wide distribution
network supported by 13 branches and offices with state-of-the-art
facilities and highly trained staff in the largest cities in Greece and
Cyprus. The Group cooperates with more than 2,000 insurance
intermediaries and employs 260 people. For more information about the
company, please visit: ydrogios.gr
SAS 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 70,000 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®. SAS
and all other SAS Institute Inc. product or service names are registered
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countries. ® indicates USA registration. Other brand and product names
are trademarks of their respective companies. Copyright © 2014 SAS
Institute Inc. All rights reserved.
Kris Balic, 919-531-0624