General / P&C Insurance

Prophet GI 2025 Q4

GI Library 2025 Q4

The recent GI library updates introduce new reserving methods and enhance currently implemented ones while optimizing the overall performance and calculations, align IFRS 17 calculations and processes to the IFRS 17 Toolkit, add the greenhouse gas emissions risk module, implement climate transition risk impact on insurance business, include asset stress test functionalities and enhance KSA RBC calculations and existing templates.

GI Capital Modelling (GICM)

Update IFRS 17 example to use the 2024 Q4 IFRS 17 Toolkit
Enhancements to the Kingdom of Saudi Arabia (KSA) RBC calculation and example Excel template:

Expansion of the market risk calculation to include all risk sub-modules for interest rate, equity, property, spread, currency and concentration
Addition of the Other Assets calculations
Extension of Prophet Forms to set up the market risk sub-modules and other assets
Amendments to the KSA Standard Formula Excel template to include the market risk and other assets

Addition of the greenhouse gas (GHG) emissions risk module as defined under the GHG Protocol:

Inclusion of detailed impact factors, such as electricity usage, fuel usage, global warming potential factor, total gases stored and transferred for refrigeration, air conditioning and fire suppression equipment, vehicle fuel emissions and waste disposal emissions
Implementation of the emissions split into Scope 1, 2 and 3 in line with the GHG Protocol
Addition of the Greenhouse Gases (GHG) Emissions Excel template

Implementation of climate transition risk impact on profit and loss account and balance sheet in different scenarios:

Climate transition risk calculations are available for the Early Action, Late Action and No Additional Action scenarios, where each scenario applies specified shocks to interest rates and equity to assess the potential transition risk impacts
Addition of the Transition Risk Impact Excel template

Inclusion of asset stress test functionalities

Implementation of a global stress test in a single run

Minor bug fixes

GI Reserving (GIR)

Addition of the Individual Claims Reserving method estimating future claims based on the expected life cycle and payments in a stochastic process
Addition of the Parametric Tail Factors reserving method focused on tail factors modelling for longer tail lines of business
Enhancement of the Cape Cod reserving method allowing to estimate reserves without a rate triangle
Technical amendments improving the overall library performance
Bug fixes

The minimum required version of PP or PE for Prophet GI 2025 Q4 is 2023 Q2.

FIS has extended its established expertise in risk modelling and data management to the non-life industry with FIS Insurance Risk Suite - GI Edition.

Running risk models themselves is only one side of the operational challenge for general insurers. In addition, data preparation, assumptions and parameters, and data loading need to be well managed. Similarly, model results need to be collated into a suitable database, and transformed into easily consumed business intelligence reports and dashboards.

Insurance Risk Suite - GI Edition represents a complete end-to-end risk modelling solution to these problems, helping insurers meet regulatory requirements and reduce over-reliance on spreadsheet solutions.

In addition to providing the core reserving and capital modelling functionality, data management and business intelligence capabilities, as well as dedicated actuarial and technical services, help actuaries and risk officers improve insights into their business. Enhanced transparency and control increase process efficiency and reduce operational risk.

Quick to deploy, and designed with flexibility and ease of use as key considerations, Insurance Risk Suite - GI Edition helps non-life insurers produce key financial modelling reports, with the ability to handle economic scenario and catastrophe model output data from major external suppliers.

As it is based on the FIS Insurance Risk Suite software platform, Insurance Risk Suite - GI Edition offers a range of consolidation benefits for multi-line insurers that want the operational efficiency of an integrated modelling approach.

To help customers optimize their use of Insurance Risk Suite - GI Edition and to gain the maximum operational benefit, FIS provides comprehensive consulting and service packages. More information on these services can be viewed here.

More information on the capital modelling and reserving applications is available in the following material:

Product Sheet: Insurance Risk Suite - GI Edition	Product Sheet: *Reserving*	Interactive infographic:
Datasheet: *Capital Modelling*	Datasheet: *Reserving*	Brochure: *Prophet GI for IFRS 17*