Insular Life Rises to Modern Challenges in the Cloud
In a drive to lower its total cost of ownership and improve performance, Insular Life has chosen to move its actuarial modeling and risk management technology from an on-premise setup to a managed cloud service.
As the first and largest Filipino life insurance company and only mutual in the Philippines, Insular Life is a long-term client of FIS’ award-winning actuarial system Prophet. By migrating its current environment to Prophet Managed Cloud Services (PMCS), Insular Life can better support increasingly sophisticated models, plus ongoing regulatory requirements like IFRS 17, in a more flexible and agile compute environment.
We are delighted to take our partnership with FIS to the next level,” said Jesselyn Ocampo, Chief Actuary, Insular Life. “With FIS providing and managing the modeling hardware, software and control framework as a one-stop service we can focus on growing our core business while saving money.”
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