Insurance Technology Featured Article

Generali Hellas Harnesses SAS Insurance Analytics Architecture to Speed its Analytics

November 21, 2012

Generali Hellas, a Greece-based insurance company, harnesses SAS (News - Alert) Insurance Analytics Architecture to sharpen its competitive edge and support the sales agents by improving the internal process.

In the stiff competitive market, the insurance company sought to create innovative, specialized and versatile products, and expand its network across the country to earn a competitive edge. With this view, the company, a part of the largest insurance group in Europe, today harnessed SAS Insurance Analytics Architecture to generate accurate and quick reports for its employees and sales network. The company has integrated in-depth data management and analytics from SAS, an icon in business analytics, with the view to manage agent-client relationships, marketing activities, product and price offerings, and comprehensive business strategy in an effective manner.

Deploying this advanced analytics application, insurance analysis that took days now takes only few seconds or minutes.

The single architecture solution from SAS offers seamless integration in the environment of business intelligence, featuring unique features like access to multiple user segments within the company, customizable reporting, analytics for actuarial department, and access to external partners through the Web. The advanced data integration feature of this Analytics Architecture offers faster data analysis, processing and generation of accurate reports. It can also reduce the cost of training, software ownership, support and maintenance, reducing exposure to potential risks.

Besides these, SAS is also expected to improve the insurance company’s operational performance, enabling it to optimize the requirements, compliance and ratemaking with European Directive Solvency II, and internal reporting.

Key benefits that initiated Generali Hellas to harness SAS Analytics Architecture:

  • Ability to deliver information that is accurate, consistent, up-to-date and verifiable
  • Having an integrated and comprehensive view of enterprise data
  • Access to data that the company needs, and anytime
  • Eliminates redundant tools and overlapping systems, offering a single solution
  • Provides structured and clear information to everyone who needs it

Generali Hellas picked SAS for its analytics architecture based on three important factors: comprehensive requirement coverage across the entire organization, industry knowledge in insurance, and leadership in offering technology solutions to the insurance market. The SAS architecture highlights special features like an insurance data model, data management, and reporting and business intelligence – which are expected to benefit the insurance company in boosting the analytics process and improving the internal organization, with fast and accurate data provided to the sales agents and network.

"Generali's primary customers are its more than 500 partners and associates – insurance agents, brokers, companies, etc. – that comprise our sales network," said Dionissis Moschonas, Generali's assistant IT manager. "We wanted a platform to provide our associates daily, direct Web reports that include up-to-date, accurate analysis concerning their portfolios." He further stated that “Now we can distribute reports throughout our sales network and, more importantly, our people are confident that the data is accurate. This will help us to maintain our existing agents while attracting new ones.”

Generali Group is the largest insurance group in Europe and the second-largest financial insurance company, operating in more than 64 countries across the world. 

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Braden Becker

Article comments powered by Disqus

Related Insurance Technology Articles

Wolters Kluwer UK Selects Vlocity Insurance to Enhance Online Customer Experience

For several months the buzz around the insurance industry has been that insurers should have a sense of urgency about investing in technology, specifically those that enhance the customer experience-or suffer what some observers believe will be dire consequences for those who continue to be laggards. The message seems to be resonating as indicated by the announcement that cloud software solutions specialists, San Francisco, California-based Vlocity Inc., has been selected by the U.K. division of… [ Read More ]
05/21/2015

Flowfinity Partners with Marshall & Stevens on Improving Efficiency

While most companies believe that moving to digital services and mobile applications helps efficiency, there is now a new report that seems to underline that fact. Flowfinity Wireless, already a proven provider of enterprise mobile applications recently released a new case study that showed just how much this efficiency can be improved. This new report centered on the valuation consultancy firm, Marshall & Stevens. This firm took measures such as replacing scanned notes with mobile apps, which r… [ Read More ]
05/18/2015

Zenefits Fights Legal Obstacles in Business Model that Provides Free Software

Zenefits has found itself recently involved in several court battles with state insurance regulators over whether or not their business model constitutes an illegal rebate. It is the latest example of technology taking market share from an industry whose services are traditionally provided through brokers. [ Read More ]
05/12/2015

Guidewire Software and Capgemini to Improve Claims Processing for Zurich's UK General Insurance

In an article written on Computers and Animation Journal in 1969, computer scientist Edmund Callis Berkeley said, "Most problems have either many answers or no answer. Only a few problems have a single answer". If there is one business that seeks to find multiple answers to many of its questions, it is the insurance industry [ Read More ]
05/12/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!