Prophet's strengths in control and audit functionality make it a valuable part of many business-critical operations. Countless other possibilities exist, and we'd be keen to talk to you about new opportunities.
If you have questions not covered by this section, please contact us at prophet fisclientservices. 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.
Under the latest risk-based reporting regulations, companies are required to perform multiple interacting projections to meet their regulatory requirements. Latest News. Read more. Prophet Q2 Find out about the exciting new updates to model developer experience, enterprise application performance, and data and process management.
Prophet Quality Assurance Prophet QA is a test case management and quality assurance tool designed specifically for use with Prophet Professional models. Prophet Control Centre 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. Assumptions Manager Prophet Assumptions Manager helps companies simplify and more effectively control the assumptions management process that feed critical values into Prophet.
Prophet Data Conversion System 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. Prophet Libraries Prophet incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.
Prophet Enterprise Prophet Enterprise Q2 new licensable features include:. When models are designed to effectively perform multiple business functions, they can help actuarial teams better communicate and spend more time analyzing risk and less time on model maintenance. Coding models to be clear, efficient, and robust requires a specialized skillset and ARC has you covered!
Whether you are just starting your Prophet implementation or are currently refining the process, ARC can help code, audit, and validate your models, and ensure that effective control processes are in place.
ARC has the expertise to help you with the following tasks Whether you are implementing Prophet for the first time or consolidating other projection systems to Prophet, our Prophet experts are ready to help.
The planning stage for your Prophet implementation is key. Whether you are looking for a domestic or an international solution our team of model architects can help at each step along the way and deliver high-value solutions rapidly. Use ARC in a staff augmentation role to reduce the strain on your resources and reach your milestones faster. Whether you have routine tasks such as the entering of plan data, coding product features, establishing assumptions, or have more complex needs like a full end-to-end solution or comparative analysis of projection results, leveraging ARC and our highly trained and experienced Prophet resources is your best option!
Next Steps. For more information, contact:. Chris Olechowski. Your details were sent successfully! ARC has highly certified Prophet specialized resources that can help keep your Prophet libraries current and incorporate enhancements to your existing models. Engage with our ALM Prophet experts as they can help you make this transition! We will identify required changes in your current procedures.
We will code enhanced functionality and identify differences in how assumptions are applied. Finally, we will compare projection results so that you can continue to get the most out of your asset and liability projections.
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