SAS Deployment/Optimisation Services
SAS allows you to align strategies and goals across finance, risk, actuarial and regulatory compliance functions. Develop strategic plans at the entity level involving appropriate insurance business units. Their insurance analytics software delivers comprehensive solutions for:
- IFRS 17. Take a comprehensive approach to accounting for insurance contracts − from data sources to reporting. Predefined data models, data and business rule management, calculations based on the Building Block Approach, the Premium Allocation Approach and the Variable Fees approach, generation of postings, process management and governance, help ensure success.
- Solvency II. Accurately evaluate your risk exposure – and meet requirements for governance and auditability required by Solvency II or similar regulatory regimes – with solutions that accommodate new solvency models, data management processes and complex reporting requirements.
- ORSA. Integrated data management, a powerful risk engine, our business model, a preconfigured capital planning framework and narrative reporting capabilities support both the quantitative and qualitative elements of ORSA, contributing also to an effective capital planning process.
To ensure organisations deploying SAS operate in accordance with Best Practice, Millennium Consulting assembles teams of Programme Directors, Solutions Architects, Programme Managers, Project Managers, Team Leads, Business Analysts, Functional Consultants and Technical Consultants. Working with insurers across Europe, North America and Asia we provide cost-effective, quality-assured solutions that meet client needs.
Partnering with a specialist management consultancy that provides highly skilled, delivery-focussed teams and SME's is an essential component of program success. We support clients introducing innovative working practices that allow them to grow, streamline cost and mitigate risk thereby ensuring they achieve long-term commercial success.
Successful programs require people with proven technical ability, commercial aptitude, highly developed inter-personal skills and a proven track record of delivery and our consultant selection process is thorough and demanding as our reputation is vested in the calibre of consultant representing us.
To discuss your deployment/optimisation contact us on +44 (0) 845 604 4262 or send us a message.