Prophet Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into Prophet.
Prophet GI is FIS' new risk modelling solution for general/P&C insurers, consisting of capital modelling and reserving applications.
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.
The Prophet Results Database Module loads your Prophet results into a Microsoft SQL Server database.Key points include:
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 incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.
Please visit our IFRS 17 micro-site for more videos and information on our IFRS 17 solutions.Read more
Solvency II and parallel risk-based capital regimes in China, Latin America and South Africa have been a focal point for many of our recent developments.Prophet is purpose-built to handle cash-flow projections, which are essential for the calculation of the Best Estimate Liability, whether calculated deterministically or stochastically.Read more
Under the latest risk-based reporting regulations, companies are required to perform multiple interacting projections to meet their regulatory requirements.Read more
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.Read more
Regulators and insurers’ own management are constantly demanding more information on risk and how it is being managed.Read more
Insurers are facing increasing pressure to maximize the value they can extract from their actuarial models.Read more