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Deloitte Global SAP Alliance
Deloitte’s network of member firms understands the power of SAP® to help organizations in the financial services sector address critical business challenges. Discover lessons here.
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- Greater competition calls for banking unusual
- SAP Insurance Analyzer
- Using predictive analytics to mitigate risk
- Browse additional SAP pages
Perspectives: Using predictive analytics in a digital age to mitigate risk
Insurance companies are using predictive analytics to analyze worker compensation claims, reducing costs, increasing recoveries and resource assignments, and boosting the bottom line. These advanced analytics capabilities are already table stakes for underwriting new policies and renewals, and are rapidly expanding into every stage of the claims management lifecycle, from claim occurrence and first notice of loss to claim resolution and closure.
Pushing the Real-Time Accelerator: Greater competition calls for banking unusual
Market trends and rising consumer expectations are driving banks to offer real-time capabilities for customer-facing activities such as mobile payments and online banking. But at their core most banks are still saddled with legacy IT platforms that make it difficult to keep pace with today’s demand for instant and efficient gratification. Is it time for banks to step on the real-time accelerator? The key is for banks to determine what their core focus is—and then align their strategies, processes, and systems to provide agile, real-time, tailored experiences that drive differentiation and value.
SAP Insurance Analyzer: An integrated platform for risk and finance - the IFRS angle
Insurance companies are under the gun to actively manage the risks they take on their balance sheets, both from a capital and profit perspective. With a series of new regulatory measures changing the landscape in key areas—Solvency II in 2016, and new International Financial Reporting Standards (IFRS) in 2018—the challenges grow. Strategically, these sweeping changes make it more important than ever for insurance companies to integrate their finance and risk functions. SAP® Insurance Analyzer offers an integrated platform that efficiently delivers compliance while helping insurers reduce costs, improve control over business processes, and tap in to new analytical capabilities that are an imperative in today’s challenging insurance marketplace.
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