PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: SAS Institute, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Leading Greek Insurer Entrusts SAS® with Fraud Management - Analytics helps Generali Hellas better detect fraud to gain competitive edge - Generali.gr / SAS.com
Leading Greek Insurer Entrusts SAS® with Fraud Management

 

NewswireToday - /newswire/ - Cary, NC, United States, 2014/12/15 - Analytics helps Generali Hellas better detect fraud to gain competitive edge - Generali.gr / SAS.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Fraud, one of the most serious problems insurance companies face worldwide, occurs most commonly in the auto insurance sector. Generali Hellas turned to SAS® in search of an effective solution to better detect, protect and manage increasing instances of fraud and most importantly the compensation of fraudulent claims. Preventing and dealing with fraud can directly affect both financial results and overall market reputation.

A current SAS Visual Analytics customer with 127 years of leadership in the Greek insurance market, Generali Hellas sought better ways to respond to challenges while improving its competitiveness. There’s a critical opportunity for preventing and effectively handling fraud in the auto insurance sector. Such behavior is on the rise in Greece, partially due to the prolonged economic recession.

The integrated SAS Fraud Framework for Insurance is based on state-of-the-art SAS analytics technology. The solution includes automated business rules, predictive modeling, text mining, database searching, exception reporting, network link analysis and other techniques to isolate potential fraud.

The SAS solution offers Generali Hellas a series of tangible and contributory benefits, such as:

• Significant savings, which substantially reduces internal costs.
• An increase in detected cases of fraud compared to the past.
• More efficient internal operations.

SAS Fraud Framework for Insurance not only helps spot potential fraud, it also creates competitive advantage by acting as a deterrent: Organized fraud groups are less likely to approach companies known to be protected by an effective fraud detection system.

"For Generali, detecting and managing insurance fraud constitutes both a challenge and a priority,” said Dionissis Moschonas, CIO of Generali Hellas. “The choice of a suitable partner for identifying and effectively handling fraudulent activity is of crucial importance. At a local level, SAS possesses both the know-how and the human resources to successfully implement such a complex and demanding task. SAS continues to give Generali an invaluable tool for the qualitative safeguarding of its operations.”

"We are especially proud that Generali Hellas, member of an internationally renowned group, has selected SAS to help manage the major issue of fraud,” said Nikos Peppas, Country Manager of SAS Greece, Cyprus and Bulgaria. “This choice constitutes an extension of the strategic cooperation between SAS and Generali in the local market. We are confident that it will contribute to significant cost savings and to the substantial improvement of the company's competitiveness.”

Discover how to recognize and reduce opportunistic and organized claims fraud.

About Generali Hellas
The Generali Group is the largest European insurance group and second-largest global financial insurance company, with operations in more than 64 countries around the world. Among the 475 subsidiaries comprising the group, Generali Hellas is its representative in the Greek insurance market, with a history of more than 127 years in the country.

About SAS
SAS (sas.com) 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®.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: SAS Institute, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Leading Greek Insurer Entrusts SAS® with Fraud Management

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

SAS Fraud Framework | Generali Hellas
Publisher Contact: Kris Balic - SAS.com 
919-531-0624 Kris.balic[.]sas.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SAS Institute, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From SAS Institute, Inc. / Company Profile


Read IT Services/Network Management Most Recent Related Newswires:

DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business
ICSA Labs Affirms Radware's DDoS Mitigation Software and Testing Methodology
Verint Receives Frost & Sullivan’s Best Practices in New Product Innovation Award for Robotic Process Automation
NEC Participates in Global Wireless Summit 2016
Oscilloquartz Synchronizes Indian Defense’s National Transport Network
Infosys Invests in Stellaris Venture Partners
Verint Named a Workforce Optimization Market Leader in New Research from DMG Consulting
SAS® Data Management Update Extends Self-service, Expands Access to Cloud and Big Data
eHosting DataFort Awarded ‘Managed Services Provider of the Year’ At Seventh Annual ICT Achievement

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)