Insurance Technology Featured Article

Ydrogios Picks SAS DataFlux for Insurance Data Management

November 21, 2012

Ydrogios, a Greek insurance company, relies on SAS (News - Alert) to manage its complex data needs. The company uses SAS DataFlux data management software for data integration, data management and ensuring data quality.

“SAS fully understood our company's needs. They showed absolute professionalism and understanding of our issues, and were fully committed to collaborating with us for a smooth implementation," Paul Kaskarelis, vice president and general manager of Ydrogios Insurance, said. "SAS has strong and innovative expertise in data quality, and insurance fraud detection and prevention. SAS' data management solutions for the insurance industry have won major awards from international analysts."

DataFlux’s advantage is that it allows administrators to perform functions in one integrated interface. The software will help Ydrogios prepare for Solvency II compliance, which requires the company to have auditable and traceable data.

Collecting detailed information on its customers also allows Ydrogios to offer custom insurance products completely tailored to a customer’s needs.

The use of data mining will also allow the Athens-based company to make better decisions on who to insure and for how much, as well as keep track of how much their customers are paying and if they’re paying on time.

Ydrogios also has the option to add claims fraud detection and prevention features later on.

“We welcome Ydrogios Insurance, one of the most dynamic Greek insurance companies, into our family," Nikos Peppas, SAS country manager for Greece and Cyprus, said. "This solution is the result of many years of SAS experience and expertise in the insurance industry with hundreds of deployments worldwide. We are absolutely confident that we will help optimize Ydrogios Insurance's performance, providing significant benefits for the company, its partners and its customers."

Another Greek insurance company, Generali Hellas, is also using SAS software. The company has chosen SAS Insurance Analytics to prepare reports for its sales network and employees.

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 Rachel Ramsey

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!