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Ready to see results from your actuarial investments
As customer behaviors change radically, insurers must move faster. That means adopting new approaches and capabilities to stay ahead of competitors and to attract customers with the right products at the right time. Taking actuarial processes to the next level can help insurers achieve more. Get this eBook to learn about SAS's Dynamic Actuarial Modeling and how it can help enhance your actuarial processes, improve profitability, and boost operational efficiency. Superior Turnkey Solutions Group can help you get started. Contact us.
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AI can enhance actuarial processes by introducing new algorithms that support competitive premiums, utilizing a real-time pricing engine for faster premium deployment, and integrating predictive analytics with existing systems. These advancements can lead to significant improvements, such as a 95% reduction in time to deploy new insurance rates and a 50% decrease in the cost of premium modeling.
What benefits can insurers expect from SAS Dynamic Actuarial Modeling?
Insurers using SAS Dynamic Actuarial Modeling have reported various benefits, including a 15% reduction in data quality issues, a 20% decrease in time needed to integrate external data sources, and a 75% reduction in deployment costs. Additionally, they experience improved operational efficiency and scalability, enabling them to respond more swiftly to market changes.
What challenges do insurers face in the current market?
Insurers face several challenges, including the need to adapt quickly to market changes, improve pricing models to remain competitive, and enhance operational efficiency. They must also manage increased competition driven by online price comparisons and changing customer attitudes towards loyalty, which can impact policy retention.
Ready to see results from your actuarial investments
published by Superior Turnkey Solutions Group
Superior TurnKey Solutions Group (STSG) is a dynamic Computer Infrastructure Reseller in the North Texas and Oklahoma markets. We are a private company focused on providing Small to Medium businesses and agencies with the “best of breed” software and hardware tools to manage, monitor, secure and control their Microsoft based Virtualized operations. STSG is an Infrastructure solution partner with the best technology vendors in the industry today and going forward.
STSG began operations in Spring of 2007 to provide Microsoft Infrastructure Services around Citrix Virtualization, Exchange, SQL, SharePoint, and Active Directory with Dell as a Premier Certified reseller service organization. STSG has expanded the company these last few years, including its security Services and software development. STSG has opened a Sales and Support office Tulsa, Oklahoma office with Finance, Sales, Marketing, and Operations in Dallas, Texas area.
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