After evaluating various options, AXA selected FIS' Prophet Enterprise, an enterprise-wide actuarial production environment that provides security and control as required by Solvency II. Prophet Enterprise helped AXA to centralize its operations, which resulted in increased processing power, improved efficiency, fewer errors, greater automation, economies of scale and a better controlled production environment.
By choosing Prophet Enterprise AXA gained immediate scalability to the centralized solution, with the capacity to support rapid business expansion in the future. Centralization also helped provide better reporting capabilities, minimization of errors, efficiencies in applying modification automatically and simultaneously throughout the region. Overall, Prophet Enterprise helps AXA reduce risk and effectively support Solvency II compliance where needed.
Mark Stamper, regional chief risk officer and chief life actuary of AXA Asia, shares his insights into how FIS' actuarial modelling solution helps the firm manage its ambitious growth objectives and increasingly sophisticated reporting requirements. View the video here.
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