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.
FIS has extended its established expertise in risk modelling and data management to the non-life industry with Prophet GI.Running risk models themselves is only one side of the operational challenge for general insurers.
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.
With actuarial models being used for more and more purposes, and Principles-Based Reserving (PBR) standards on the horizon, separate systems for valuation and projection are simply not equipped to meet new business and reporting requirements.
Implementing and Upgrading Prophet Liability Models
With increased regulations such as Sarbanes Oxley, MCEV, Solvency II and IFRS, and the demand to reduce the reporting timescales, companies of all sizes are looking to improve their end-to-end reporting processes.
Ever-increasing demands on actuarial models such as Solvency II, Stochastic on Stochastic, Replicating Portfolios and increasing regulatory requirements mean our customers are always looking for ways to improve their end-to-end reporting process.
Using Prophet’s ALS library, our experienced Prophet team can help you implement your Market-Consistent Embedded Value model(s) (MCEV) or upgrade your existing embedded value model(s) to take into account the latest MCEV or Solvency II principles.
General/P&C insurers are under pressure to improve their reserving and capital modelling capabilities.To help customers optimize their use of iWorks Prophet GI and its end-to-end capabilities, FIS provides comprehensive services packages across:
FIS CONNECT LONDON 2018FIS Connect London 2018 is your chance to learn more about the most impactful trends in the financial industry through a combination of educational tracks, opportunities to network with your peers, and exploring our world-class Solutions Expo.
Prophet Sales Enquiriesgetinfo@fisglobal.comProphet Website Enquiriesgetinfo@fisglobal.com Our Mailing AddressFIS Insurance ProphetEastworth HouseEastworth RoadChertsey, SurreyKT16 8SH, UKSupportIf you have a support question, please contact the Prophet Helpdesk at email@example.com or go to our Helpdesk page.Comments or FeedbackIf you have any comments or feedback about anything else, please feel free to send them...