Prophet Solutions

Prophet Solutions

Whether you base your models on our supplied libraries or code, or you build them entirely yourself, the power and flexibility of Prophet enables you to solve many varied business needs. Prophet's strengths in control and audit functionality make it a valuable part of many business-critical operations.

The Solutions section describes some of the key areas where Prophet can be used. Countless other possibilities exist, and we'd be keen to talk to you about new opportunities.

 

IFRS 17

Looking forward to global insurance accounting developments

Solvency II 

Helping you meet the challenges brought by the new regulations

Life insurance specialities 

Accommodating new and innovative demands

General / P&C Insurance

Expanding Prophet into the non-life insurance industry

Advanced Modelling

Nested Structures allows actuaries to connect together their actuarial models to respond to the demands of both regulatory reporting and internal risk assessments

Proxy Fitting 

Rapid results with replicating portfolios and curve fitting techniques

Enterprise Risk Data Management

The control, auditability, resilience and power you need

Prophet Cloud Services

An optimized, managed environment for efficiency and performance

Consultancies 

Demonstrate your capabilities via our official accreditation program


If you have questions not covered by this section, please contact us atprophet.helpdesk@fisglobal.com.

IFRS reporting

Please visit our IFRS 17 micro-site for more videos and information on our IFRS 17 solutions.

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Solvency II

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.

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Advanced Modelling

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

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Proxy Fitting

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.

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Enterprise Risk Data Management

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

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Prophet Cloud Services

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

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Empowering The Financial World