P&V Group, a cooperative insurance group that operates in Belgium and Luxembourg, has selected SAS Risk Management for Insurance solution from SAS, a provider of business analytics software and services.

The solution was selected the to provide a central, firm-wide risk reporting solution that will help the organization obtain a consistent and quick view of the overall risk exposures across its insurance entities in a structured and auditable way.

SAS said with the selected solution, P&V Group will be able to swiftly implement any new and future reporting requirements, including internal and Solvency II regulatory reports.

According to the SAS, the SAS Risk Management for Insurance solution helps companies implement the Solvency II standard model approach for calculating risk-based capital.

SAS Risk Management for Insurance is an integrated and extendible solution to meet the evolving risk analysis needs of insurance companies.

P&V Group offer private individuals, self-employed persons, businesses and institutions a range of life and non-life insurance products via different insurance companies.