Hello SAS Risk Community!
We are pleased to announce SAS Insurance Capital Management as a new offering on SAS Risk Cirrus, starting at the 2023.12 Viya 4 cadence. SAS Insurance Capital Management is the modernization of SAS 9 Insurance Capital Management solution.
This offering is in parallel to our 9.4 offering for the Same Solution which is still supported and maintained.
The launch of the SAS Insurance Capital Management solution on Viya in 2023 represents a significant achievement, aligning perfectly with our planned roadmap. This transition to Viya marks a pivotal moment in our offerings towards our transition to Cloud based solutions
What’s new in SAS Insurance Capital Management v2023.12 (December 2023)?
The V2023.12 Release is the First Release on Viya and caters to both Solvency 2 and Insurance Capital Standard (ICS) Requirements. The Key highlights of this Release are:
- Support for Insurance Capital Requirements as prescribed in Public-2023-ICS-Data-Collection-Technical-Specifications-Part-1.pdf (iaisweb.org).
- Support for the Solvency 2 Capital Calculations.
- All the IRM Calculation flows are now operational within the Process Orchestration tool (PO), which serves as the replacement for IRM in Viya.
Future releases will include the Reporting component, such as XBRL generation and QRT Reporting. Our goal is to achieve feature parity with our 9.4 ICM solution by the third quarter of 2024.
If you have any questions kindly post in the comments and I will reply
