to defend their data and operations against attack .
Q : Why is persistent innovation important for better productivity and ROI ?
SAS ’ data management solutions manage data security , lineage and auditability at an enterprise level across all types of data . Our model management solution provides a central repository for model development , including versioning , model scoring and model validation capabilities . A workflow function tracks a model through its lifecycle to deployment , and then monitors and reports on its performance until it needs to be retrained or retired .
Finally , SAS provides specialist cybersecurity threat detection and alert functionality to enable insurers
A : Persistent innovation is a particularly important challenge for insurers . As an industry , the insurance sector is naturally risk averse and has been historically slow to innovate . An ‘ innovation backlog ’ has subsequently grown over the last 20 years , even as innovation in other industries has raised customer expectations pertaining to digital service and responsiveness .
Insurtech , therefore , has been a significant catalyst for addressing this and driving change and innovation in the sector . It has also been instrumental in promoting ‘ digital hubs ’ and ‘ innovation labs ’, which have encouraged insurers to pursue greater productivity , ROI , and customer satisfaction .
By its experimental and iterative nature , data and analytics modelling is a key enabler of this persistent innovation , allowing insurers to rapidly develop , test and change products and processes incrementally .
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