iWORKS Prophet Overview 

Are you prepared for tomorrow's global insurance industry? iWORKS prophet’s actuarial software can help you get there.

Over the last few years the insurance industry has seen constant change to meet many new challenges. This has been primarily brought about by regulatory requirements and internal changes to business practices.

Actuaries need to play a key role in meeting these new challenges, including developing capital models in order to understand the economic cost of capital, assess solvency, and manage operational and enterprise risk.

What is iWORKS Prophet?

SunGard iWORKS Prophet is an enterprise-wide actuarial modelling system.  It helps insurance and other financial services companies to meet their reporting responsibilities and improve risk management. Actuarial libraries engineered separately from the modelling system deliver solutions which can be customised and deployed around the world. 

Actuaries from both life and general insurance companies use the iWORKS Prophet system, including some of the largest global insurance companies. However, it’s also used by actuaries from banks and other financial organizations. 

Meeting the needs of a changing global business environment

iWORKS Prophet's flexible, open architecture helps enable our customers to compete in an economic environment facing financial industry convergence, globalisation, post-acquisition management pressures and downsizing. The actuarial system adapts and integrates product features and valuation techniques.

In addition, Prophet accommodates major financial standards around the world. Its preset libraries allow for differing accounting bases, products, and regulatory environments in the U.S., U.K., Germany, France, Australia, Hong Kong, South Africa, and many other countries.

IT to solve business problems

With SunGard you can rely on a solution designed by actuaries and supported by a leading software vendor who understands the demands of mission-critical systems for insurers. The iWORKS Prophet team, responsible for the maintenance and development of the modules within the Prophet suite, is comprised of a mix of specialties to ensure that the system continues to meet the needs of our customers:

• Specialist systems developers -  ensure that the system takes advantage of new technologies as they become available
• Actuarial library developers - ensure that the libraries of standard formulas are kept up-to-date with the latest actuarial techniques and new regulations as they are introduced
• Actuarial and IT consultants - ensure that our clients get the most from Prophet

Worldwide support
iWORKS Prophet provides worldwide support including helpdesk, website, regular updates, training and assistance with implementation. Visit our customer support site

To find out more about how SunGard’s actuarial technology can help you to meet the current challenges faced by the insurance industry, visit the iWORKS Prophet website or, to discuss your particular needs, please provide your contact details here