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FIS wins the best IFRS 17 solution of the year in recognition of the FIS® Insurance Risk Suite (formerly Prophet)
Learn moreSingapore Management University (SMU) has signed up to teach actuarial skills with FIS® Insurance Risk Suite (formerly Prophet)
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Saudi Arabian Cooperative Insurance Co forges ahead with implementing IFRS 17 and announces partnership with FIS
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FIS Capital Markets has rebranded its products and solutions to be more identifiable, intuitive, meaningful and simple.
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Find out how Insular Life is rising to modern challenges by migrating its current environment to Prophet Managed Cloud Services (PMCS).
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Prophet QA is a test case management and quality assurance tool designed specifically for use with Prophet Professional models.
The Prophet Control Centre is a highly configurable end-to-end process automation tool, allowing customers to define their business processes diagrammatically, including user interactions with the end users, and convert those diagrams into running instances of the processes.Prophet Control Centre is specifically designed to control
Prophet Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into Prophet.
Prophet GI is FIS' new risk modelling solution for general/P&C insurers, consisting of capital modelling and reserving applications.
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.
The Flexible Results API provides the ability to query results when using the Flexible Results module.
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.
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.
Read moreProphet comes with standard US GAAP functionality, both for seriatim FAS60 calculations and cohort-level FAS97 calculations, and offers a number of additional features.
Read moreUnder the latest risk-based reporting regulations, companies are required to perform multiple interacting projections to meet their regulatory requirements.
Read moreThe 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.
Read moreRegulators and insurers’ own management are constantly demanding more information on risk and how it is being managed.
Read moreInsurers are facing increasing pressure to maximize the value they can extract from their actuarial models.
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