prophet professional 8.2 2013

8/10/2019 Prophet Professional 8.2 2013

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iWORKS PROPHET PROFESSIONALFast, flexible actuarial modelling to meet the modern insurers needs

CLARITY & SPEED FORACTUARIAL MODELLING

Modelling risk for the vast range of products on offer in todays insurance market needs sophisticated tools, capable of

rapid responses to market changes. The insurance industry is experiencing an increasing level of competition, which is

driving up the demand for new products, and more stringent regulatory requirements, increasing the effort needed to

bring new products to market and to report on existing business. Both regulators and senior management are asking for

more sophistication and greater visibility around the modelling process, and this puts pressure on the actuarial teams to

generate results more quickly, with greater levels of confidence and more transparency than ever before. For the

creation, testing and pricing of new products, as well as to effectively manage existing business, actuaries need an

environment which combines a wide range of pre-defined products with the flexibility to extend them in a clear, easily

understood and verifiable manner.

At SunGard, we understand this means that our systems need to:

Support a wide range of insurance products, across all the major markets

Allow actuaries the freedom to edit or create product models and the calculations behind them

Present actuarial calculations in a form that is easily understood

Support the testing and validation of these products

Provide clear views of the models to show the structure and function of each product

Give users a clear upgrade path to a formal, production, modelling environment

Prophet Professional offers a comprehensive product set, with room to grow

Prophet Professionals flexible, open architecture,

together with the comprehensive set of supporting

libraries, gives your business the ability to accurately

calculate a range of vital business measures such as

Economic Capital

Embedded Value (Traditional and Market Consistent)

Net and Gross Premium Valuations

Return on Risk-Adjusted Capital

It can also be used for the design and pricing of new

products, Asset/Liability modelling, budget planning,

and general financial reporting.

The system runs on the Windows Operating System,

including Windows 7 and Windows Server 2008, and is

fully integrated with Excel 2007 and 2010.

Ease of useProphet Professional has been designed with ease of

use in mind. The interface is easy to learn, and follows

the same conventions as the Microsoft Office Suite,

using tabs, ribbons and concertina-style menus.

All the facilities a user would expect of a development

environment are there, including commenting, both atthe line and block level, formula wizards to assist with

the creation of new formulae, a debugging facility,

and a context-sensitive help function.

A purpose-built diagram view facility allows users to

navigate through their models, showing the dependencies

of each part of the model, and where it is used.


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Benefits of Prophet Professional

Prophet Professional helps actuaries model their business by providing an environment optimised for the development

of financial models. The wide range of libraries available means that actuaries can model many different business lines,

many different products, or perform sophisticated Asset Liability Modelling all within the same system. It also:

Speeds the process of new product design and pricing by providing purpose built tools and templates for actuaries

Increases confidence in models and results, based on robust and widely used libraries

Supports the documentation of actuarial models to meet regulatory requirements and ease the burden of maintenance

Forms part of the iWorks ERM Platform, providing a clear future path for the development of your business.

About the iWorks ERM Platform

Prophet Professional forms one component of the iWorks ERM Platform. The platform links together all the iWorks Risk

Management products using proven technology to provide a complete solution for insurance risk measurement, risk

management and corporate governance, enforcing control of insurers risk data from source to report. Process

management tools help orchestrate and automate processes while maintaining an audit trial, giving executives the

confidence they need to ensure their decisions are accurate, timely and communicated throughout the enterprise.

A private cloud offering is also available through a managed, hosted solution.

GLEAN

DCS

PROPHET

RESULTS

DATABASE

PROPHET

ENTERPRISE

PROPHET

PROFESSIONAL

RISK

REPOSITORY

DASHBOARDS

PROCESS CONTROLLER


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2012 SunGard.Trademark Information: SunGard, the SunGard logo, iWorks and Prophet are trademarks or registered trademarks of SunGard or itssubsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

For more information, please visit:www.sungard.com/iworksinsurance

Contact us:[email protected]

About SunGards iWorks

SunGard iWorks is a business-driven IT product family for the insurance industry in each of the following major business

lines: Life/health/annuities/pensions, property and casualty, and reinsurance. iWorks offers a range of products and

services including front-office tools, policy administration, reinsurance, actuarial calculations, financial and investment

accounting and reporting. SunGard partners with customers to help deliver products and services that align with

changing business and regulatory needs.

About SunGard

SunGard is one of the worlds leading software and technology services companies. SunGard has more than 17,000

employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and

processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery

services, managed IT services, information availability consulting services and business continuity management

software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services

company and is ranked 480 on the Fortune 500. Look for us wherever the mission is critical.For more information,

please visit www.sungard.com

prophet professional 8.2 2013

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