The role of predictive analytics in the insurance industry
Apart from the banking industry, insurance is perhaps the most critical sector in an economy. It provides businesses and individuals protection against financial risks and helps the government finance development projects without borrowing high-interest loans from local and foreign banks. It is no surprise then, that governments encourage citizens to invest in insurance policies, to […]
Cracking down on insurance fraud with SAS Detection and Investigation
The insurance industry is one of the most important industries in an economy-not only does it provide a respite for individuals when they face financial losses, medical expenses, or retirement, but it also helps governments finance development initiatives to keep the economy stable. In addition, insurance payments prevent businesses from bankruptcy and help keep essential […]
How insurance companies handle the crisis with SAS insurance analytics software
Personally, I know many folks aren’t always a big fan of insurance, but professionally, I respect what they have to go through. My first taste of what the insurance industry goes through, regularly, came when I spoke with a representative working for an insurance company. He was haggard and somewhat exhausted from all the work […]
How SAS software for insurance is transforming the industry
Much has been said about the power of data analytics in the healthcare and insurance space. Insurance companies around the world have especially benefited from powerful data analytics technology like SAS software – enabling them to slash costs and prevent any unnecessary losses due to fraud. At the heart of the reason behind any organisation […]
SAS software – fighting fraud and money laundering
Fraud and money laundering, unfortunately, have evolved into very common and pressing issues. In reaction to this, many governments and regulatory bodies have had no choice but to enforce strict regulations on organisations to mitigate the existence of illicit and illegal activities. Manual operations and inferior software solutions are insufficient to keep up with these […]
