To offer organization-wide risk management capabilities, SAS is introducing SAS Risk Management for Insurance, a comprehensive solution for risk analysis and risk-based capital calculation.

The SAS data management and reporting platform, which includes an insurance-specific data model, helps life and property/casualty insurance companies implement the Solvency II standard model for calculating risk-based capital. The SAS Business Analytics Framework also enables insurers to support the internal model approach for risk analysis. The solution helps provide senior management with greater understanding of the company's risk and financial condition.

SAS Risk Management for Insurance helps insurers understand the impact of economic factors on the balance sheet. It stress-test's the insurer's assets and liabilities from sudden, dramatic changes in market conditions. SAS also helps lower total cost of ownership with a single, extendible solution that provides comprehensive features and can integrate easily with third-party risk software.

"The financial crisis and the Solvency II regulations taught insurers that complex risk management requires more advanced, integrated, and scalable solutions," says Stuart Rose, SAS global insurance industry marketing manager. "SAS Risk Management for Insurance supports the evolving risk requirements of insurers today and in the future."