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Fennia Insurance to deploy SAS technology for Solvency II compliance

IBR Staff Writer Published 05 December 2012

Fennia Mutual Insurance has selected SAS Risk Management for Insurance to manage its Solvency II compliance requirements to generate added value for their business operations.

SAS will help the company in streamlining and enhancing the internal analyses, reporting and risk management requirements.

In addition to providing comprehensive, flexible solution to help meet all requirements of the Solvency II Directive, the service is specially designed for stress-testing calculations and to accurately plan for the impact of potential changes.

Fennia Mutual Risk Management head Raoul Berglund said that the solution will assist in harmonizing solvency calculations and reporting in accordance with the new requirements, while supporting internal risk management.

More than 40 European insurance companies are already using SAS Risk Management for Insurance.