SAS Programming

SAS is a powerful analytic tool for the actuarial profession and the insurance industry in general. It allows for complex data processing and statistical analysis of databases containing hundreds of thousands or even millions of records.

We have a skill set unique to the insurance industry. We have actuaries on staff who are also accomplished SAS programmers with decades of experience. We routinely use SAS to build valuable analytic tools for us and our client companies more quickly and at lower cost than our competitors. We can do this because we can “scope out”, create, test, and analyze all of the analytic tools without bringing in outside expertise. In many companies insurance data processing is performed by programmers with little understanding of the insurance industry and therefore little ability to identify a useful insurance analytic tool from a useless one. All SAS based analytic tools we design are structured so that our clients can use them to update existing analyses without the assistance of any outside consultants.

We have used SAS to develop tools for our clients that perform a variety of functions including:

Pricing analysis tools – to determine the rate of change of renewal pricing after all credits, debits, and adjustments are applied.
Diagnostic tools – Creation of key “data triangles” that provide early warnings for changes in reserving adequacy or practice, changes in profitability, and changes in claim costs.
Reserving Estimates – Calculation of ultimate losses including IBNR based on commonly used actuarial procedures and assumptions.
Pricing and Rating Plans – Calculation of appropriate pricing formulas for businesses that have several rating variables.

Our tagline is “Complex Calculations Made Easy to Understand”. We know that it is not enough to provide accurate, sound results. We also make them understandable. Understandable results allow business executives to easily share our conclusions with other key stakeholders.