Prophet Professional 2019 Q2 new features include
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. It helps insurance and other financial services companies to meet their reporting responsibilities and improve risk management. Actuarial libraries engineered separately from the modelling system deliver solutions which can be customised and deployed around the world.
Accurate asset/liability projections are crucial to the success of any insurance or financial services company – but they are not the only requirement for actuarial software. To keep pace with the dynamic insurance industry, such a system must also handle multiple insurance-related calculations, and integrate with other vital business software. Additionally, it must be able to make these projections in every country where you do business. This is where Prophet can help.
Prophet Professional enables the end user to build and set up complex risk management models, and to perform runs. The Nested Structures module embeds models within models, e.g. to calculate capital requirements accurately at each year end as part of a model to project the business into the future. Click here to view the Prophet Professional datasheet.