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Prophet from FIS Global
An actuarial modeling solution that enables life and P&C insurers to perform pricing, reserving, asset-liability management, capital assessment, and business planning. Supports regulatory compliance including Solvency II, IFRS 17, and PBR.
Product analysis by function
Actuarial Modeling Software for Actuarial Department
Specialized applications for developing and running complex statistical models that predict future claims costs, mortality rates, and other risk factors essential for insurance pricing and reserving.
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Core Modeling Capabilities
(13 Yes /13 Known /15 Possible features)
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Multiple Model Support Ability to build, manage, and run multiple models simultaneously within the platform. |
Prophet allows multiple models to be built, managed, and run in parallel as shown in product documentation and typical actuarial modeling workflows. | |
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Flexible Model Framework Supports varied actuarial model types such as deterministic, stochastic, and simulation-based models. |
Supports deterministic, stochastic, and simulation-based models as stated in Prophet’s technical specifications and overview documentation. | |
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Custom Formula Editor Interactive editor that allows actuaries to define and modify custom mathematical formulas. |
Prophet includes custom formula editor capability as part of its actuarial modeling environment. | |
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Mortality Table Integration Ability to import, integrate, and update standard or custom mortality tables. |
Import and integration of mortality tables (industry standard and custom) is a well-documented function in Prophet. | |
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Claims Development Modeling Support for modeling claims development triangles and claims reserving methodologies. |
Claims development triangles and claims reserving approaches are supported for P&C models in Prophet. | |
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Asset-Liability Modeling Capability to model both liabilities and assets for holistic risk analysis. |
Prophet supports asset-liability modeling for holistic risk and capital management. | |
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Aggregation and Disaggregation Tools Enables grouping and ungrouping policy or claim data for enhanced analysis. |
Aggregation/disaggregation of policy and claim data is possible within Prophet’s data management tools. | |
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Model Version Control Built-in system for tracking changes and maintaining version history across models. |
Model version control is implemented via Prophet’s project management features. | |
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Advanced Statistical Functions Incorporates complex statistical functions such as regression, GLMs, time series, etc. |
Advanced statistical functions including regression and GLMs are supported through Prophet and its add-ons. | |
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Scenario Testing Ability to run various what-if and stress-test scenarios on model outcomes. |
What-if and stress scenario testing are standard Prophet features, used both in product demos and practice. | |
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Model Execution Speed Average time taken to execute a comprehensive actuarial model. |
No information available | |
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Parallel Processing Support Uses multiple processors/threads to speed up model calculations. |
Prophet supports parallel processing to speed up complex calculations, as cited in the product's technical specs. | |
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Built-in Calibration Tools Guided tools to calibrate and validate models using historical data. |
Calibration tools for models are part of Prophet’s framework for actuarial validation. | |
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Integration with External Libraries Supports integration with external actuarial/statistical computation libraries (e.g., R, Python). |
Prophet can integrate with external libraries via scripting modules and connectors (e.g., integration with Python/R). | |
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Stochastic Model Run Limit Maximum number of stochastic simulations per model run supported. |
No information available |
Data Handling & Integration
(10 Yes /10 Known /13 Possible features)
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Multiple Data Format Support Imports/exports data in formats such as CSV, XLSX, XML, JSON, and databases. |
Prophet can import/export data in multiple formats including CSV, Excel, and database connections. | |
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ETL (Extract-Transform-Load) Tools In-built tools for extracting, cleaning, and transforming data prior to modeling. |
ETL capabilities are built-in and/or supported via Prophet’s Data Conversion Utilities. | |
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Live Data Connection Ability to connect to and read data live from external databases and feeds. |
Supports live feeds and connections to external data sources and corporate data warehouses. | |
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Data Validation Rules Ability to set up and enforce validation rules on import to ensure data quality. |
Data validation is a core function of Prophet’s data management process. | |
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Automated Data Refresh Schedules and performs automated data updates from connected sources. |
Automated data refresh is supported for ongoing business planning and reporting cycles. | |
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Data Volume Capacity Maximum supported input data size for a single model run. |
No information available | |
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Data Anonymization Built-in tools for anonymizing sensitive policyholder or claims data. |
No information available | |
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Integration APIs REST or SOAP APIs available for integrating with enterprise systems. |
Prophet exposes REST/SOAP APIs for enterprise integration, as confirmed in documentation. | |
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Audit Trails on Data Changes Records and logs all data imports, changes, and exports for compliance. |
Comprehensive audit trails/logs are built into Prophet for compliance. | |
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Bulk Data Processing Capability to process very large batches of data efficiently. |
Prophet is designed for processing large actuarial data sets in bulk. | |
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Direct Database Connectivity Connects directly to SQL databases for dynamic queries and updates. |
Prophet can connect directly to SQL databases for up-to-date data retrieval. | |
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Data Rollback Capability Easily revert to previous data states or batch loads if needed. |
No information available | |
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Secure File Transfer Support Supports secure (encrypted) transfer protocols (SFTP, HTTPS) for data exchange. |
Data transfers can be conducted over secure protocols as part of enterprise-grade deployments. |
Reporting & Visualization
(8 Yes /8 Known /13 Possible features)
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Standard Report Library Includes a set of pre-configured standard actuarial and regulatory reports. |
Prophet includes standard actuarial and regulatory reports (Solvency II, GAAP, IFRS 17, etc.). | |
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Custom Report Builder Allows users to define, format, and save their own report templates. |
Users can define custom report templates using Prophet’s reporting tools. | |
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Interactive Dashboards Visual dashboards for tracking key metrics, scenarios, and trends. |
Dashboards are available for key actuarial metrics and model results. | |
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Dynamic Charting Tools Supports various chart types (line, bar, scatter, heatmap, etc.) for numerical outputs. |
Dynamic charting and data visualization tools are provided as part of Prophet’s analytics suite. | |
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Export to PDF/Excel/Word/HTML Can output reports directly to widely-used document formats. |
Export to PDF/Excel/Word is standard in Prophet’s reporting features. | |
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Automated Report Scheduling Capability to schedule and auto-generate recurring reports. |
Reports can be scheduled and auto-generated, e.g., for regulatory submissions. | |
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Customization of Visual Elements Users can adjust theme, coloring, labeling, and other visual report elements. |
No information available | |
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Drill-Down Analysis Interactive capability to click and expand into detailed model outputs. |
Drill-down and interactive analysis are enabled in Prophet’s report explorer and dashboard modules. | |
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Annotation and Commenting Allows users to annotate and comment directly within reports. |
No information available | |
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Real-Time Visualization Updates Automatically updates visualizations as models or data change. |
No information available | |
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Report Distribution Controls Granular user permissions for report sharing and distribution. |
Report distribution and user permission controls are part of the enterprise user management modules. | |
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Report Rendering Speed Average time taken to generate and render a comprehensive report. |
No information available | |
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Versioned Reports All changes to reports are versioned for audit and comparison. |
No information available |
Regulatory Compliance
(11 Yes /11 Known /11 Possible features)
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Support for IFRS17/GAAP/Solvency II Pre-configured modules for major actuarial regulatory standards. |
Prophet specifically markets support for IFRS 17, GAAP, and Solvency II. | |
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Assumptions Documentation Structured tools to capture, track, and report on model assumptions. |
Model assumption documentation and tracking is supported in Prophet’s workflow. | |
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Regulatory Output Templates Templates for standard regulatory filings and disclosures. |
Standard output templates for compliance filings are provided in Prophet. | |
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Audit Logging Comprehensive audit trails for all model changes and accesses. |
Detailed audit logging is implemented to meet regulatory and audit requirements. | |
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Compliance Validation Checks Built-in validation that flags inconsistencies or errors vs. regulation. |
Compliance validation and error flagging are integral to Prophet for key actuarial regulations. | |
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Change Justification Capture Space to require and record user notes/rationales for any model or assumption changes. |
Change justification/commenting is part of structured workflows for auditability. | |
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Automated Documentation Generation Generates detailed model and process documentation for compliance. |
Automated documentation generation is advertised for Prophet regulatory modules. | |
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Access Control by Regulatory Role Role-based permissions aligned with regulatory compliance requirements. |
Role-based access aligned to regulatory responsibilities is configurable in Prophet. | |
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Traceability Matrices Links between input, calculation, and output for provable traceability. |
Full traceability from input through outputs available for audit/validation. | |
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Historical Results Archiving Stores and allows retrieval of previous years’/quarters’ model results. |
Historical archiving of past results is supported by Prophet for roll-forward/basis change tracking. | |
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Regulatory Reporting Assistance Built-in assistants for filling required forms and generating filings. |
Built-in regulatory reporting assistants are marketed as part of Prophet’s compliance package. |
User Management & Security
(9 Yes /9 Known /10 Possible features)
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Role-Based Access Control Assigns permissions based on user job function or department. |
Role-based permissions for data, model, and report access are standard in Prophet. | |
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Single Sign-On (SSO) Integrates with corporate identity providers for streamlined login. |
SSO integration is available for Prophet via Active Directory and other ID management. | |
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Multi-Factor Authentication Requires a second factor (beyond password) for user authentication. |
Multi-factor authentication is supported using enterprise authentication systems. | |
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Granular Permission Assignments Fine-tuned control over what users can see, edit, or export. |
Prophet offers granular permission assignments for users across entities and models. | |
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User Activity Logging Tracks all user actions and interactions within the software. |
All user activity is logged for compliance and process review. | |
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Temporary/Guest User Support Can create time-limited or project-specific user accounts. |
No information available | |
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Encryption at Rest and in Transit Ensures all sensitive data is encrypted both in storage and during transfer. |
Encryption in transit and at rest is standard for Prophet enterprise deployments. | |
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Password Policy Enforcement Customizable rules for password strength and expiration. |
Password policy enforcement is available via integration with enterprise ID management. | |
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Automated Account Lockout Automatically locks accounts after configurable failed login attempts. |
Automatic account lockout is available for Prophet through policy configuration. | |
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Active Directory/LDAP Integration Connects directly with organizational user directories. |
Active Directory/LDAP integration is supported in Prophet for user management. |
Collaboration & Workflow
(5 Yes /5 Known /10 Possible features)
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Multi-User Collaboration Enables multiple users to work on the same models or data sets simultaneously. |
Prophet is designed for multi-user collaborative usage within actuarial teams. | |
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Comment Threads and Discussions In-tool messaging/forums for discussing model changes or data issues. |
No information available | |
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Workflow Automation Automated, customizable workflows for model review, approval, and publishing. |
Workflow automation is available for model review, approval, and deployment. | |
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Task Assignment and Tracking Assign, track, and monitor tasks associated with model development. |
Task assignment and tracking is available through Prophet Enterprise’s workflow management tools. | |
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Approval Queues Hold models and data changes in queue until formally authorized. |
No information available | |
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Integration with Communication Platforms Connects with tools like Slack, Teams, or email alerts. |
No information available | |
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Change Notification System Alerts users to changes, approvals, or required actions. |
Change notification via in-app alerts and emails is referenced in workflow documentation. | |
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Model Locking and Check-Out Locks models from changes while under review or use by another user. |
No information available | |
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Activity Feed Centralized feed showing recent user actions and system events. |
No information available | |
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Workflow Customization Capabilities Flexible setup for organization-specific workflows and approval paths. |
Custom workflow configuration and approval paths are supported in Prophet. |
Scalability & Performance
(5 Yes /5 Known /10 Possible features)
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Horizontal Scaling Supports scaling across multiple servers or cloud nodes. |
Horizontal scaling via distributed computing is supported for Prophet Enterprise on cloud or grid. | |
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Concurrent User Capacity Number of users who can actively use the product without performance loss. |
No information available | |
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Maximum Model Size Supported Largest supported actuarial model in terms of input variables or complexity. |
No information available | |
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Model Calculation Speed Time taken to process a large, complex actuarial model. |
No information available | |
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Cloud Deployment Option Available for deployment on public or private cloud infrastructure. |
Cloud (public/private) deployment is supported for Prophet Enterprise. | |
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On-Premise Deployment Option Available to be installed and operated within a local data center. |
On-premise deployments available for insurers preferring in-house management. | |
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Elastic Resource Allocation Automatically adjusts compute and memory resources to workload. |
Elastic resource allocation is possible with Prophet Enterprise on cloud infrastructure. | |
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Batch Processing Speed How many models/data batches can be processed per hour. |
No information available | |
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System Uptime Guarantee Percentage of time the product is operational and available. |
No information available | |
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Support for Distributed Calculations Can run model calculations on distributed systems or clusters. |
Distributed calculations (grid/cloud) are available with Prophet’s High Performance solution. |
Extensibility & Customization
(7 Yes /7 Known /9 Possible features)
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Custom Plugin/API Support Supports development and deployment of custom plugins or functions via an API. |
APIs and plugin support are provided for custom extension in Prophet. | |
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Scriptable Workflows Enables users to write scripts (e.g., in Python) to automate or extend core processes. |
Scriptable workflows are supported via scripting modules (e.g., Prophet Control Centre, integration). | |
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Formula Language Support Custom formula or expression language available for complex model design. |
Prophet supports custom formula/expression definitions for advanced actuarial modeling. | |
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Theming/Branding Customization Can be visually tailored to company brand or look-and-feel. |
Branding and theming are supported in dashboards and some reporting modules. | |
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Custom Notification Rules Allows users to set up their own notification triggers and messages. |
No information available | |
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Custom Data Field Support Ability to add new data fields or attributes to models and records. |
Custom data fields can be defined in Prophet’s model/data structure set-up. | |
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Integration with External Analytics Tools Out-of-the-box connectors for tools such as Tableau, PowerBI, R, Python. |
Connector support for analytics tools such as PowerBI and Python via APIs/add-ons. | |
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Model Template Library Users can save and reuse or modify organization-specific model templates. |
Templates can be saved, reused, and modified within the Prophet environment. | |
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Open Data Schema Underlying data model/schema is open and accessible for modification. |
No information available |
Support & Maintenance
(7 Yes /7 Known /8 Possible features)
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Vendor Support Availability Hours and channels (phone, email, chat) support is available from vendor. |
FIS provides extensive vendor support via multiple channels and time zones. | |
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Online Documentation Comprehensive online documentation, user guides, and examples. |
Online documentation and user guides are provided and updated by FIS for Prophet. | |
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Training Materials and Webinars Access to onboarding and advanced training opportunities. |
Product training, onboarding, and webinars are available via FIS Global. | |
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Release and Patch Management Structured approach for providing updates, patches, and release notes. |
Regular release and maintenance schedules are communicated to clients. | |
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Community Forum/Support Access to peer-to-peer forums and user communities. |
Community user forums and support are available for Prophet through the vendor portal. | |
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Dedicated Account Management Assigned vendor experts for larger engagements or SLAs. |
Dedicated account managers are available for Prophet’s larger or enterprise clients. | |
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Ticket Resolution Response Time Average time to vendor resolution of support tickets. |
No information available | |
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Bug Tracking System Transparency on reported bugs and their resolution progress. |
Bug tracking and release notes are provided to Prophet users via the vendor portal. |
Cost & Licensing
(6 Yes /6 Known /8 Possible features)
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Transparent Pricing Structure Clear documentation of licensing, hosting, and user fee structure. |
Pricing structure is available upon request and is documented for clients. | |
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Perpetual License Option One-time payment license with optional support contract. |
Perpetual and term licensing options are available for Prophet per FIS licensing information. | |
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Subscription License Option Monthly or annual subscription models. |
Subscription-based licensing is available for Prophet. | |
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Concurrent User Pricing Pricing available based on number of actual simultaneous users. |
No information available | |
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Pay-As-You-Go Pricing Pricing based on actual usage (compute time, data processed, etc.). |
No information available | |
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Volume Discounts Discounted pricing tiers available for larger teams or long-term commitments. |
Volume discounts are discussed in FIS sales collateral and contracts. | |
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Free Trial/POC Support Supports evaluation or proof-of-concept period before purchase. |
Free trial or pilot/POC programs can be arranged with FIS sales for Prophet. | |
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Maintenance Fees Whether recurring annual maintenance/support fees are required. |
Ongoing maintenance/support fees are typical for Prophet implementations. |
Usability & Interface
(8 Yes /8 Known /10 Possible features)
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Modern User Interface Intuitive, up-to-date interface design for productivity. |
Prophet's user interface is modern and frequently updated for usability. | |
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Accessibility Compliance Meets modern accessibility standards (WCAG, ADA). |
No information available | |
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Customizable Workspaces Users can arrange dashboards, menus, and sidebars to preference. |
Customizable dashboards and menus are supported in Prophet’s workspace. | |
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Context-Sensitive Help In-app help and documentation appears based on user actions. |
Context-sensitive help and field explanations are available in the UI. | |
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Keyboard Shortcuts Extensive support for keyboard navigation and commands. |
No information available | |
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Mobile Access/Web Interface Optimized for use on tablets or through a web browser. |
Web-based access is available for Prophet Enterprise; some modules are mobile-optimized. | |
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Undo/Redo Functionality Easily revert or repeat user actions. |
Undo/redo is supported within the Prophet model development environment. | |
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Step-by-Step Wizards Guided wizards for new users or complex tasks. |
Guided model wizards are included to facilitate new model setups and conversions. | |
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User Persona Profiles Interface customization based on user role (e.g., modeler, reviewer, executive). |
User interface can adapt for different user roles/persona in Prophet. | |
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Localization/Language Support Available in multiple languages for global actuarial teams. |
Localization and language pack support is available for Prophet for global clients. |
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