Prophet 2021 Q2 Service Pack 2 is now available

We have provided a Service Pack update to Prophet 2021 Q2 for Prophet Professional and Prophet Enterprise that will help many clients.

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IFRS 17 solution of the year: FIS

FIS wins the best IFRS 17 solution of the year in recognition of the FIS® Insurance Risk Suite (formerly Prophet)

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Prophet becomes FIS Insurance Risk Suite

Only the names have changed

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Latest News

Singapore Management University

Singapore Management University has signed up to teach actuarial skills with FIS® Insurance Risk Suite (formerly Prophet)

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SAICO

Saudi Arabian Cooperative Insurance Co forges ahead with implementing IFRS 17 and announces partnership with FIS

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Insular Life Moves To The Cloud

Find out how Insular Life is rising to modern challenges by migrating its current environment to Prophet Managed Cloud Services (PMCS).

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Products

 

Prophet Quality Assurance

Prophet QA is a test case management and quality assurance tool designed specifically for use with Prophet Professional models.

 

Prophet Control Centre

The Prophet Control Centre is a highly configurable end-to-end process automation tool, allowing customers to define their business processes diagrammatically, including user interactions with the end users, and convert those diagrams into running instances of the processes.Prophet Control Centre is specifically designed to control

 

Assumptions Manager

Prophet Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into Prophet.

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Prophet GI

Prophet GI is FIS' new risk modelling solution for general/P&C insurers, consisting of capital modelling and reserving applications.

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Prophet Data Conversion System

Prophet 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 Prophet Results Database

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

 

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.

 

Prophet Libraries

Prophet incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.

 

Prophet Enterprise

Prophet Enterprise 2019 Q2 new licensable features include:

 

Prophet Professional

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

Prophet comes with standard US GAAP functionality, both for seriatim FAS60 calculations and cohort-level FAS97 calculations, and offers a number of additional features.

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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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Prophet Cloud Services

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

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