Prophet Enterprise is the next generation Risk Management Platform for insurers, combining advanced actuarial modelling with a powerful production platform.
Volatile financial markets and changes to solvency regulations are driving the need within insurance companies for robust Enterprise Risk Management (ERM) systems. Increasingly more complex actuarial modelling techniques are at the forefront of the response. Many risk managers are now building models that look at risk across the entire enterprise and encompass the entire corporate structure across geographic regions as well as product groupings. As these sophisticated initiatives take shape, it has become essential that a comprehensive risk management technology platform plays a crucial role in the overall strategy.
At the heart of an effective risk management platform, insurers must have sound strategies for modelling, categorising, quantifying, and analysing the full range of risks. Such platforms must build models that support the whole enterprise, as well as automate and facilitate complex run-time processes.
Prophet Enterprise is a production environment that utilises best of breed technology in order to rapidly and efficiently execute models built in Prophet Professional. Through grid computing clusters, Prophet Enterprise maximises processing power resulting in reduced costs and increased productivity. The automation of these tasks frees up staff and processors to focus on critical activities.
The latest release, Prophet Enterprise 8.2.1, delivers improved usability and performance, with a number of new features and enhancements such as:
Table Optimisation NEW
The optimisation of Tables in Prophet Enterprise has been enhanced to improve runtime performance.
Table Management Module NEW
Enhancements have been made to allow more than one Data Set to be imported at a time, exporting Data Sets, creating Data Sets based on specific tables or files and referencing Data Sets in run settings during a workspace import.
A universal framework has been created to allow Prophet to call external libraries. This framework allows the Prophet team to align Prophet with new releases of third-party components without waiting for a full system release.