Leading insurers and Looking Glass Analytics recognised at SAS user event
Chartis Insurance and Allianz SE are being honoured for their use of SAS Analytics to address company goals with confidence and knowledge. SAS, the leader in business analytics software and services, conferred the 2012 Enterprise Excellence Award on the two organisations which have set global standards for analytics. Recognising two insurers this year emphasises the growth the industry has experienced in using analytics to harness big data for critical business needs and to ultimately increase profitability. This award is presented annually to SAS customers demonstrating business value and excellence via analytics.
Additionally, Pete Lund, Information Systems Manager at Looking Glass Analytics earned this year's User Feedback Award for his contributions to improving SAS software during 2011.
CHARTIS BECOMES A WORLD LEADER IN THE SCIENCE OF SAFETY WITH SAS
Chartis, a world-leading general insurance organisation serving more than 70 million clients in over 160 countries and jurisdictions, used SAS Analytics to become more competitive globally, make better decisions, and ultimately to increase profitability. Chartis' newly constituted Science Team leveraged data in three specific areas: executive liability insurance, catastrophe (CAT) modelling and financial accounting. With SAS, Chartis improved profitability through better pricing, expedited refined claims service programmes, and enhanced statutory and compliance reporting.
"Analysing big data to make better business decisions has become a critical objective for Chartis," said John Savage, head of science, global casualty, at Chartis. "Our clients expect us to be a leader in the science of safety, and SAS is enabling Chartis to fulfil that mission."
Chartis’ innovative use of CAT models helped them project hurricane storm paths to accelerate the preparedness of claims adjusters. Chartis built a patent-pending system called CERT to identify gaps in field assistance and automate reports for claims adjusters.
In addition, Chartis built a complex SAS data warehouse and reporting platform for CAT liability analysis. Through improved budgeting and underwriting, Chartis increased its exposure reporting accuracy and reduced reinsurance expenses.
ALLIANZ SE IMPROVES EFFICIENCY WITH CENTRALIsED BUSINESS INTELLIGENCE AND ANALYTICS
Allianz operates a worldwide standardised IT infrastructure to improve process and costs while ensuring a uniformly high level of customer service, regardless of location. Allianz's global strategy includes shared service centres, platforms and applications as well as business intelligence and business analytics solutions from SAS. The results include a higher degree of services, improved resource usage transparency and needs-based customisation such as access profiles.
The EEA award was received by Dr. Ralf Schneider, CIO of Allianz Group at SAS Global Forum.
USER FEEDBACK PROVIDES VALUE THROUGH BETTER SAS SOLUTIONS
Pete Lund of Looking Glass Analytics won the annual SAS User Feedback Award for his contribution to improving SAS software in 2011. Looking Glass Analytics uses SAS for analysis and reporting in the areas of criminal justice, social services, public health and education. Through excellent feedback and suggestions for improving the functionality and quality of SAS solutions, Pete has worked with SAS development and Technical Support across numerous products.
"It's been great over the years to know that people actually listen to issues and your questions and really work to find solutions," said Pete Lund. "Without their willingness and support, even on the weekends, I wouldn't be nearly as productive as I am. I love hearing people say, 'Wow! You did that in SAS."
The SAS Enterprise Excellence Award has been recognising analytic achievement from SAS customers for more than 10 years. Past winners include AXA Financials, Bell Canada, Canada Post, CJLEADS, Commonwealth Bank of Australia, Eli Lilly and Company, Fiducia, GE Rail Services, HP, HSBC, JPMorgan Chase, Lloyds, Maytag, MCI, MLB.com, Royal Bank of Scotland, Sprint, Telstra, U.S. Bank, U.S. Coast Guard, Whirlpool Corporation and Wisconsin Dept. of Revenue.
Today's announcement was made at SAS Global Forum, the world's largest gathering of SAS users, attended by more than 3,400 business and IT users of SAS software and solutions.