Prophet Enterprise - Overview

Does your actuarial modelling need to move to the next level? iWorks Prophet Enterprise has been designed for the new generation of actuarial modelling, to meet the increased demands that are now being placed upon actuarial systems for greater performance, scalability, control and auditability.

Drivers for new generation actuarial modelling

There have been a number of changes in the type and scale of actuarial calculations that life companies now need to carry out, driven by:

Increased regulation

Regulatory changes such as Sarbanes Oxley, ICA, EEV and Solvency II have increased the required volume of calculations and audit control requirements. At the same time there is also a demand to minimise the reporting timescale.

Greater need for stochastic modelling

Stochastic modelling is a key requirement of many of the new reporting regimes, which can increase the required volume of calculations by several orders of magnitude.

Need to be more efficient

Producing period-end results is a large task involving many actuarial and IT staff. There is great pressure to use less staff time by having more automation and control.

So what is the solution?

To address these issues SunGard has developed the iWorks Prophet Enterprise edition that adds a separate, flexible, robust and fully auditable production control framework to the existing iWorks Prophet Professional edition. Once the actuarial models have been developed and signed off using Prophet Professional they are exported to Prophet Enterprise within which runs are set up, executed, monitored and reported upon.

Click here for a screenshot of Prophet Enterprise View full image

The Production Control Framework

The Production Control Framework allows runs for multiple Prophet workspaces to be managed within a secure, controlled environment.

Click here to view the Production Control Framework View full image

Multiple users from anywhere in the world are able to set up runs, monitor progress and report on and manage the results. A full audit trail from workspaces and tables through to results is available.

New runtime engine

As part of the development of Prophet Enterprise, SunGard have redeveloped the runtime. This new runtime includes the following features:

Multi-threading to make full use of the latest multi-core and hyper-threading processors.

Increased scalability and flexibility for parallel runs.

Further optimisations to the generated code for faster calculations.

64-bit processing is currently undergoing validation to allow more than 4GB of memory to be used as well as providing faster processing.

Customer-driven features

The following features will be driven by customer demand:

Engineered to integrate with distributed computing solutions such as DataSynapse GridServer.

The potential to run on other platforms such as Linux in addition to Windows.

Who to contact?

Further details of Prophet are available on request. For more information on Prophet, or to arrange a demonstration of Prophet, please contact your local SunGard account manager.

Other products: Prophet Professional | Glean