Prophet Products

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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.

Assumptions Manager

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

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.

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.

Prophet Quality Assurance

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 GI

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

Prophet Enterprise

Prophet Enterprise is the next generation Risk Management Platform for insurers, combining advanced actuarial modelling with a powerful production platform.

Prophet Results Database Module

The Prophet Results Database Module loads your Prophet results into a Microsoft SQL Server database.Key points include:

Prophet Control Centre

The Prophet Control Centre is a highly configurable end-to-end process automation tool

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.

Principles-Based Reserving

With 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.

Single Platform

Prophet 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.

US GAAP LDTI

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

Life Insurance Specialities

Prophet is a highly flexible application which is used across a wide range of financial industries.

General / P&C Insurance

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

Advanced Modelling

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

Enterprise Risk Data Management

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

Prophet Cloud Services

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

Consultancies

Many actuarial consultancies around the world have licensed Prophet for their internal modelling purposes or to assist Prophet users with their modelling requirements.

Prophet GI Services

General/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:

Prophet Cloud Services

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

FIS Insurance Thought Leadership

Today, insurers around the world face a common challenge – to grow the business while remaining profitable.

FIS Ranked No.1 in Chartis RiskTech100 2020

FIS ranked No. 1 for the fourth year in a row and wins category awards in Insurance and IFRS 17

KB Insurance

FIS signs multi-million deal with South Korea’s KB Insurance to implement IFRS 17.

Success at AXA Asia

After evaluating various options, AXA selected FIS' Prophet Enterprise, an enterprise-wide actuarial production environment that provides security and control as required by Solvency II.

Success at Liberty Life

Prophet's Enterprise Risk Management framework is a comprehensive suite of solutions and services designed to help insurers implement Solvency II best practices.

Success at Baloise

Baloise 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.

Success at a large UK life insurer

A large UK life insurer moves to the Cloud for Lower Costs and Sky-high Performance

Prophet Helpdesk

The Service Desk (Helpdesk) provides troubleshooting assistance to customers who experience problems with the Prophet suite of applications.

Prophet Training

FIS runs a selection of standard courses designed to train users on particular aspects of Prophet.

Supported Compilers

A compiler must be installed on any machine used to prepare Prophet runs.

Prophet Webinars

We would be delighted if you could join us for our customer webinars, where we will keep you informed about important Prophet updates.

Prophet User Meetings

Prophet 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.

Industry Events

FIS Insurance hosts and attends a number of industry tradeshows and regional events throughout each year to help us stay connected with our customers.