FIS Prophet
An enterprise-wide actuarial modeling system for insurance companies.
Overview
Prophet is a leading enterprise-wide actuarial modeling and risk management system that helps insurance companies meet reporting responsibilities, improve risk management, and develop more profitable products. It provides a single platform for a wide range of actuarial calculations, including reserving, pricing, and asset-liability modeling. Prophet is known for its comprehensive, customizable actuarial libraries that cover all major product types and regional variations, providing the transparency and control required by modern actuaries and risk managers.
✨ Key Features
- Enterprise-wide risk modeling
- Comprehensive actuarial libraries (Life, P&C, Health)
- Regulatory Compliance (IFRS 17, LDTI)
- Data management and process automation
- Cloud and on-premise deployment options
- Integration with financial reporting systems
- Nested calculations support
🎯 Key Differentiators
- Broad coverage across life, P&C, and health insurance on a single platform.
- Extensive and highly customizable actuarial libraries.
- Strong global presence, particularly in EMEA and APAC regions.
Unique Value: Offers a single, highly flexible, and enterprise-wide platform for all actuarial modeling needs, supported by extensive, customizable libraries that can be adapted to any product or regulation.
🎯 Use Cases (5)
✅ Best For
- Global regulatory reporting for large, multinational insurers (IFRS 17).
- Complex financial modeling for life and annuity products.
- Enterprise-level risk and capital calculations.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Organizations seeking a lightweight, code-free modeling tool.
- Startups or small insurers with limited modeling teams.
🏆 Alternatives
Prophet is often seen as more flexible and customizable than some competitors due to its open library structure, but this can also lead to a steeper learning curve. Its coverage of P&C and health is broader than some life-focused alternatives.
💻 Platforms
✅ Offline Mode Available
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (Standard tier)
🔒 Compliance & Security
💰 Pricing
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