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.
Read MoreProphet Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into Prophet.
Read MoreProphet 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.
Read MoreProphet 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.
Read MoreProphet incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.
Read MoreProphet GI is FIS' new risk modelling solution for general/P&C insurers, consisting of capital modelling and reserving applications.
Read MoreProphet Enterprise is the next generation Risk Management Platform for insurers, combining advanced actuarial modelling with a powerful production platform.
Read MoreThe Prophet Results Database Module loads your Prophet results into a Microsoft SQL Server database.Key points include:
Read MoreThe Prophet Control Centre is a highly configurable end-to-end process automation tool
Read MorePlease visit our IFRS 17 micro-site for more videos and information on our IFRS 17 solutions.
Read MoreSolvency 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.
Read MoreProphet is a highly flexible application which is used across a wide range of financial industries.
Read MoreProphet GI is FIS' new risk modelling solution for general/P&C insurers, consisting of capital modelling and reserving applications.
Read MoreUnder the latest risk-based reporting regulations, companies are required to perform multiple interacting projections to meet their regulatory requirements.
Read MoreRegulators and insurers’ own management are constantly demanding more information on risk and how it is being managed.
Read MoreInsurers are facing increasing pressure to maximize the value they can extract from their actuarial models.
Read MoreMany actuarial consultancies around the world have licensed Prophet for their internal modelling purposes or to assist Prophet users with their modelling requirements.
Read MoreProphet provides a single platform for ALM, pricing, planning and valuation that delivers the right combination of governance, flexibility and speed today's U.S. insurers demand.
Read MoreWith VM-21 already live and Principles-Based Reserving (PBR) standards having taken effect on January 1, 2017, the world of valuations and projections has undergone a major transformation.
Read MoreProphet comes with standard U.S. GAAP functionality, both for seriatim FAS60 calculations and cohort-level FAS97 calculations, and offers a number of additional features.
Read MoreProphet comes with pre-built variable annuity functionality, for both U.S. GAAP and statutory reporting, including RBC capital requirements.
Read MoreInsurers are facing increasing pressure to maximize the value they can extract from their actuarial models.
Read MoreGeneral/P&C insurers are under pressure to improve their reserving and capital modelling capabilities.To help customers optimize their use of Prophet GI and its end-to-end capabilities, FIS provides comprehensive services packages across:
Read MoreToday, insurers around the world face a common challenge – to grow the business while remaining profitable.
Read MoreFIS ranked No. 1 for the fourth year in a row and won category awards in Insurance and IFRS 17
Read MoreFIS signs multi-million deal with South Korea’s KB Insurance to implement IFRS 17.
Read MoreAfter evaluating various options, AXA selected FIS' Prophet Enterprise, an enterprise-wide actuarial production environment that provides security and control as required by Solvency II.
Read MoreProphet's Enterprise Risk Management framework is a comprehensive suite of solutions and services designed to help insurers implement Solvency II best practices.
Read MoreBaloise faced key challenges including compliance with new regulations and the need to work efficiently with their data. FIS' Prophet solutions have enabled Baloise to meet these challenges and prepare for the future.
Read MoreA large UK life insurer moves to the Cloud for Lower Costs and Sky-high Performance
Read MoreThe Service Desk (Helpdesk) provides troubleshooting assistance to customers who experience problems with the Prophet suite of applications.
Read MoreFIS runs a selection of standard courses designed to train users on particular aspects of Prophet.
Read MoreA compiler must be installed on any machine used to prepare Prophet runs.
Read MoreWe would be delighted if you could join us for our customer webinars, where we will keep you informed about important Prophet updates.
Read MoreProphet User Group Meetings are open to FIS customers using Prophet and offer the opportunity to learn more about recent developments to Prophet, its main offerings and its product roadmap.
Read MoreFIS Insurance hosts and attends a number of industry tradeshows and regional events throughout each year to help us stay connected with our customers.
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