Santam
is one of the first JSE-listed companies to invest in SAS’ latest
analytical software for their South African business. This transaction
extends SAS and Santam’s existing
partnership in the field of data analytics, and the company says its
data science investment reflects its confidence in the future of the
South African economy.
Making
use of the best-in-class bundled solutions within the SAS Viya
platform, Santam says it will be more agile in serving policyholders
through
relevant insights and quick-to-market enhancements to the current and
future suite of policies offered.
“Santam
believes in the future of South Africa, and this is why we have chosen
to invest in this type of technology. SAS Viya will
make us more agile and able to improve decisioning and implement
analytics much faster throughout our business processes,” says Kevin
Wright, hhief information officer of Santam.
SAS
Viya is the flagship modern analytical platform that covers the
end-to-end analytical life cycle. The platform incorporates data
preparation, data visualisation and model development, using AI and
machine learning algorithms, model management and deployment
capabilities, as well as streaming and image processing.
SAS’
reputation within the industry is one of excellence, with modelling
software that is accurate, relevant and reliable, that is
accepted by the regulators. SAS Viya will tackle a wide spectrum of
business challenges across the insurance value chain.
The
adoption of SAS Viya extends a long-standing relationship between the
two companies. Santam currently relies on SAS for other
solutions spanning customer, fraud and risk areas.
