Sign in to unlock valuable content and features from our AI-driven platform. Receive timely technology updates and the latest information from the solution providers who can help you realize your goals.
Start your journey by entering your name and email address below:
Please confirm your email address!
We are going to send a confirmation email to your email address to let you receive timely technology updates and the latest information from the solution providers who can help you realize your goals.
Is this you? Please confirm your name and email address below to receive the requested information.
Please check this box to confirm that you are opting-in to receive communications from PRIVAXI and the data sharing outlined in our privacy policy.
Initializing
Loading
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. PRIVAXI can help you get started. Contact us.
Please enter your information below to view this content:
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 PRIVAXI
Our Mission:
A Managed Security Services Provider, a Compliance Firm, and a Risk Management/Readiness and Remediation Assessor – All Under One Roof.
Looking for a comprehensive solution to your security and compliance needs? That’s why we created Privaxi. There was a gap in the market, and we filled it. Privaxi isn’t just a managed security service provider or a compliance firm. Our firm bridges the divide between information security practices and regulatory compliance. Many firms offer information security services, while others provide compliance-related solutions.
We integrate both, providing security and compliance-related services, and we’re a HITRUST Readiness and Remediation assessor. That means we help our clients strengthen their security by identifying cyber risks and vulnerable processes within their operations. We also help our clients meet compliance standards, including HIPAA, HITRUST, PCI-DSS, NIST 800-53, and ISO27001.
Our cloud security team delivers best-in-class services to safeguard your data against threats while maintaining data security best practices and compliance standards.
No two businesses face the same threats. We develop tailor-made strategies to minimize vulnerability to cyber threats and ensure compliance.
Sign in with LinkedIn