Prophet 2023 Q2 SP4

Learn about enhancements to Flexible Results, Prophet Quality Assurance and Prophet data and processes.

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Prophet 2022 Q1 SP8

We have made a few changes to help customers still using Prophet 2022 Q1

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Jamkrindo

Indonesian credit guarantee selects FIS Insurance Risk Suite

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Latest News

Welcome to Prophet 2020 Q2

Find out about the exciting updates for IFRS 17 and US GAAP LDTI, greater model performance.

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Client successes in APAC

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Prophet 2021 Q2

Find out about the exciting new updates to model developer experience, enterprise application performance, and data and process management.

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Products

 

Quality Assurance

Quality Assurance (formerly Prophet QA) is a test case management and quality assurance tool designed specifically for use with FIS Model Developer (formerly Prophet Professional) models.

 

Process Orchestrator and Manager

The Process Orchestrator and Process Manager (formerly Prophet Control Centre) are highly configurable tools that support orchestration of Prophet components and end-to-end automation of business processes, respectively.The Process Orchestrator allows customers to define their own linear processes to execute Prophet components and some other actions such as copying files.

 

Assumptions Manager

Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into the Insurance Risk Suite (formerly Prophet).

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Data Conversion System

Data Conversion System Before any modelling process is run, the necessary data, in the form of tables or model point files, must be collected and formatted.

 

Flexible Results API and SQL Connector

The Flexible Results API provides the ability to query results when using the Flexible Results module.

 

Experience and Rating Manager

Experience and Rating Manager (formerly Glean)Self-Assessment regimes like Solvency II in Europe, and the US ORSA place a lot of emphasis on experience analysis as a tool to both generate and validate assumptions.

 

Insurance Risk Suite Libraries

Insurance Risk Suite (formerly Prophet) incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.

 

Enterprise Manager

Enterprise Manager (formerly 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.

 

Model Developer

Model Developer (formerly Prophet Professional) is an integrated suite of actuarial systems used primarily by insurance companies to perform actuarial calculations including profit testing, projections, reserving, asset liability modelling, stochastic modelling and risk management.

IFRS reporting

The International Accounting Standards Board's (IASB) new accounting standard represents a significant step forward in reporting for insurance contracts and will require changes to existing systems and processes.

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US GAAP LDTI

Flexible, transparent technology versus a precise, controlled black box.

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Advanced Modelling

Under the latest risk-based reporting regulations, companies are required to perform multiple interacting projections to meet their regulatory requirements.

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Proxy Fitting

The rise of risk-based solvency regimes has prompted insurers to look for actuarial modelling solutions that are capable of being recalculated a large number of times in order to examine the impact of stressing particular assumptions or investigating a range of scenarios.

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Enterprise Risk Data Management

Regulators and insurers’ own management are constantly demanding more information on risk and how it is being managed.

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Managed Cloud Services

Insurers are facing increasing pressure to maximize the value they can extract from their actuarial models.

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