SunGard’s Prophet has been named “Best Actuarial Modeling Solution” in the 2013 Insurance Risk Awards. These awards are given in recognition of the leading industry practitioners, banks and technology firms over the past year. Prophet helps insurance companies implement enterprise risk management programs that support global regulatory reforms, such as Solvency II in Europe, and improve visibility of risk throughout the organization.
“SunGard has demonstrated key strengths in end-to-end risk transparency across the enterprise, compliance with stringent regulations, as well as data and model governance, with continued innovations in relation to industry developments, market requirements, and new actuarial modeling methods.” - Michael Faulkner, editor, Insurance Risk
“Modeling risk effectively helps insurers make decisions that can enhance business value, such as through marketing more profitable products, using capital more efficiently, and better protecting the company’s balance sheet from shocks. We’re pleased with the recognition that SunGard’s iWorks Prophet has received for supporting the insurance industry. We look forward to continuing our support by further extending our product and service capabilities.” - John Winter, director of product management, iWorks Prophet, SunGard’s insurance business
SunGard provides insurance solutions for life and health, annuities and pensions, property and casualty, reinsurance and asset management. SunGard’s software and services support functions from the front office through to the back office, from customer service, policy administration and actuarial calculations to financial and investment accounting and reporting.
About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.
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SunGard, the SunGard logo and iWorks are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.