SOURCE: SAS Institute

SAS Institute

September 03, 2014 08:00 ET

With SAS®, Ageas Insurance Gains Better Data Understanding and Greater Ease Sharing Insights Across the Organization

CARY, NC--(Marketwired - September 03, 2014) - Ageas, one of the UK's leading insurance providers, has modernized its business intelligence infrastructure to exploit big data and better understand its customers thanks to technology provided by business analytics leader SAS.

The insurer, which employs over 6,000 people at offices across the UK and has approximately 9 million policyholders, has upgraded its IT systems with a new SAS®Grid Manager environment. This will deliver new analytics capability and provide the executives and management teams with a full picture of the insurer's business performance data assets on a regular basis.

"We're particularly pleased about the new technology as it offers a quick and easy way to analyze key information from across the business," said Angela Hails, Head of Business Intelligence at Ageas. "It also offers a stable platform to answer business challenges, as well as the capacity to scale up with growing data requirements. Ultimately it gives us the ability to better understand our customers."

"We're delighted Ageas has decided to use SAS to help develop a deeper understanding of its data," said Mike Pell, Executive Director for SAS UK and Ireland. "In the information economy, it's crucial that businesses like Ageas are able to properly collect and analyze that data to give them the power to know all they need to about their customers."

SAS solutions deployed by Ageas are:

  • SAS Office Analytics, which enables users to easily access and analyze large amounts of data. Guided analysis via built-in tasks and visual process flows means SAS novices can quickly perform sophisticated analyses, schedule projects, share results and embed outputs for others to use. IT is free to focus on strategic initiatives while dynamic, interactive content can be published to Microsoft Office and web users.
  • SAS Grid Manager, which reliably and cost-effectively meets peak computing demands by creating a shared, managed environment with workload balancing, high availability and parallel processing. Low-cost commodity hardware resources can be added incrementally, so there's no need to size today's environment for what you anticipate your needs will be a few years from now.
  • SAS Visual Analytics, which is part of SAS' suite of high-performance analytics solutions, and enables organizations to easily map out and understand analytic insights and share those with employees and customers across an organization. It delivers rapid, in-memory analysis and interactive dashboards for reporting in-depth data visualization.

Find out what big data really means to insurers.

About Ageas UK

Ageas UK is a leading provider of award-winning Personal, Commercial and Protection insurance solutions in the UK. Ageas UK distributes both its Non-Life and Life products through a range of channels including brokers, IFAs, intermediaries, affinity partners and the Internet, as well as through its retail strategy and its wholly or partially-owned companies trading as Ageas Insurance, Ageas Protect, Ageas Retail, Tesco Underwriting and Ageas' Retail brands which include Castle Cover, Kwik Fit Financial Services, Ageas Insurance Solutions and RIAS.

Insuring around nine million customers and working with a range of partners, Ageas is recognised for delivering consistent and high-quality customer experiences. It employs around 6,000 people with offices based across the UK.

Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India and Thailand and has subsidiaries in France, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading Non-Life player through AG Insurance. In the UK, Ageas is the sixth largest Non-Life insurer with a number 2 position in cars insured and has a strong presence in the over 50's market. Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has annual inflows of more than EUR 23 billion.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2014 SAS Institute Inc. All rights reserved.

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