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Accenture, SAS Institute team to help Folksam meet solvency II requirements

Accenture will team with SAS Institute to implement the SAS Risk Management for Insurance solution group-wide at Folksam, one of Sweden's largest insurers, to help comply with the Solvency II directive’s legal reporting requirements. Folksam selected the SAS Risk Management for Insurance solution late last year. In February 2012, SAS Institute selected Accenture to help implement the solution at Folksam. The solution will be used by the entire group, which comprises Folksam General and Folksam Life, the group’s non-life and life insurance companies, and their subsidiaries. It is designed to help Folksam increase the automation of solvency-related calculations and reporting under the European Union’s Solvency II directive, while enhancing the traceability of its solvency data.