Chartis Insurance, Allianz SE honoured for SAS Analytics

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, 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 on their part, 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.

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.