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.

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Edited by Rachel Ramsey

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