List of FIS Insurance Risk Suite (formerly Prophet) Customers
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Since 2010, our global team of researchers has been studying FIS Insurance Risk Suite (formerly Prophet) customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased FIS Insurance Risk Suite (formerly Prophet) for Risk Management from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using FIS Insurance Risk Suite (formerly Prophet) for Risk Management include: Cigna Healthcare, a United States based Insurance organisation with 71295 employees and revenues of $244.38 billion, Statefarm, a United States based Insurance organisation with 67000 employees and revenues of $123.00 billion, Generali, a Italy based Insurance organisation with 87909 employees and revenues of $68.73 billion, MetLife, a United States based Insurance organisation with 45000 employees and revenues of $66.91 billion, Discovery Bank, a South Africa based Insurance organisation with 13500 employees and revenues of $66.22 billion and many others.
Contact us if you need a completed and verified list of companies using FIS Insurance Risk Suite (formerly Prophet), including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the TRM software purchases.
The FIS Insurance Risk Suite (formerly Prophet) customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of TRM software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Achmea Reinsurance | Insurance | 100 | $370M | Netherlands | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2018 | n/a |
In 2018 Achmea Reinsurance implemented FIS Insurance Risk Suite (formerly Prophet) as part of its IFRS17 program. The initial mandate was to identify data and process requirements for IFRS17 and to produce a proof of concept that validated actuarial and reporting workflows for regulatory accounting.
The implementation work concentrated on building a basic data model, a cash flow projection model, actuarial modeling aligned to SII and IFRS17 requirements, and the generation of Prophet cash flow modeling input files. Development activity included automating data processing with R, migrating analytic workflows from Excel to scripted R routines to improve repeatability and reduce manual spreadsheet handling.
Project execution was based in the Tilburg Area, Netherlands, and the operational scope covered actuarial and finance functions responsible for IFRS17 deliverables. Governance combined business analyst and interim R developer roles to translate actuarial requirements into configured Risk Management models and to operate the proof of concept through iterative validation cycles.
FIS Insurance Risk Suite (formerly Prophet) served as the Risk Management platform supporting Achmea Reinsurance's actuarial modeling and regulatory accounting workflows, with the implementation focused on data model definition, cash flow projection automation, and Prophet input file orchestration for ongoing IFRS17 compliance efforts.
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Acorn Life | Banking and Financial Services | 94 | $125M | Ireland | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2017 | n/a |
In 2017 Acorn Life implemented FIS Insurance Risk Suite (formerly Prophet) to consolidate actuarial modelling and regulatory reporting under a Risk Management platform. FIS Insurance Risk Suite (formerly Prophet) was used to centralize Prophet modelling workflows and risk calculation capabilities aligned with the Risk Management category.
The implementation encompassed Solvency II Reporting, Capital Management, Statutory Accounting, Corporation Tax Calculations, and Own Risk and Solvency Assessments, with explicit coverage of Prophet Modelling for actuarial valuations. Reinsurance development, modelling and administration were configured alongside unit pricing workflows and Monthly Management Information production to support routine financial oversight.
Operational ownership resided with the actuarial team, finance and risk functions, and the system supported Board level reporting for Risk and Audit Committees based in Galway Ireland. The deployment fed monthly management packs and informed participation at Board meetings through consolidated risk and capital data.
Governance was structured to support ORSA and capital governance processes, with documented regulatory reporting procedures and audit-ready controls. The implementation included successful delivery of Internal and External Audits as part of statutory and regulatory obligations.
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AEGON UK | Insurance | 2136 | $717M | United Kingdom | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2012 | n/a |
In 2012, AEGON UK deployed FIS Insurance Risk Suite (formerly Prophet) as its Risk Management application. The platform established a centralized actuarial modeling environment that was later used by actuarial teams to support IFRS17 actuarial data validation and end to end model point reconciliation workflows.
AEGON UK used FIS Insurance Risk Suite to process model point files, extracting standard Prophet outputs including .rpt and .proj projection results. Functional capabilities implemented included use of the Prophet Excel add in for result extraction, Prophet Studio for variable lineage and diagram view investigations, and configuration of parameter tables, global tables and assumption inputs to run and audit projections.
Integrations were implemented between the FIS Insurance Risk Suite and ETL streams such as SAS, and with Oracle data warehouses to feed model point inputs. Outputs from Prophet were reconciled to PRD and IDR databases and to FIS templates, with PowerBI and Excel used to validate aggregated results across runs, and templates updated to extract Prophet results from different execution cycles.
Operational scope focused on actuarial and finance functions responsible for IFRS17 deliverables, including validation of new business files, insurance liability model point files and group model point files across multiple dry runs. Governance practices included documenting and presenting findings to senior stakeholders, gathering and agreeing requirements and design specifications, updating extraction templates, and running structured testing and reconciliation to ensure model inputs such as premiums, external AMC, investment margins and expenses tied through to Prophet outputs.
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Ageas France | Insurance | 2500 | $1.0B | France | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2020 | n/a |
Ageas France implemented FIS Insurance Risk Suite (formerly Prophet) in 2020 as part of a Risk Management program to operationalize IFRS 9 and IFRS 17 requirements across finance and technical functions. The implementation was explicitly tied to IFRS 9/17 workstreams and positioned the FIS Insurance Risk Suite (formerly Prophet) as the central application supporting measurement and reporting obligations under those standards.
The program scope included monitoring multiple workstreams for normative analysis, interpretation, and training, with direct support to the Finance and Accounting Department and the Technical Department. The project manager served as the primary interlocutor for auditors and ensured team training on the interpretation and application of IFRS 9 and IFRS 17, while coordinating impact analyses on Ageas France financial statements and reporting flows.
Configuration of the FIS Insurance Risk Suite (formerly Prophet) focused on IFRS 9 and IFRS 17 compliant measurement, provisioning, and reporting workflows, aligning actuarial calculation capabilities with accounting and reporting outputs. The implementation tracked system updates required to reflect the new standards and led the operationalization of valuation and reporting configuration within the application.
Operational integration was managed through close coordination with the Information Systems and Digital Department, acting as the deployment interface between actuarial, accounting, and IT streams. The project manager also maintained contact with the corporate Group on standard interpretation and implementation governance, ensuring the suite fed into consolidated reporting and internal data flows.
Program governance used formal project and steering committees, with central oversight of budgets for the different workstreams and a designated point of contact for Group-level integration. The project manager retained responsibility for internal control and risk correspondence, reporting operational risk incidents to the Risk Management Internal Control department and acting as the departmental referent for control activities and risk management processes.
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AIA Australia | Insurance | 2000 | $1.8B | Australia | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2019 | n/a |
In 2019, AIA Australia deployed FIS Insurance Risk Suite (formerly Prophet) to standardize actuarial modelling and valuation workflows within its Risk Management function. The deployment was positioned as the insurer's core actuarial platform supporting deterministic and stochastic modelling, policy valuation, reserving and scenario analysis across actuarial and capital teams.
The implementation included Prophet Professional, Prophet Enterprise and Cloud Technology (PMCS) components, configured to support model libraries, version control, batch run orchestration and standardized reporting outputs. Configuration work centered on actuarial model templates, calculation engines, data transformation routines and automated run schedules to support periodic valuation and capital exercises.
Architecturally the environment used a hybrid pattern with on-premise Prophet Professional and enterprise services provided via Prophet Enterprise and PMCS cloud tooling, enabling centralized model governance and distributed model execution. Integrations were implemented with internal actuarial data repositories and reporting pipelines to feed policy, cashflow and exposure inputs into the FIS Insurance Risk Suite, aligning model outputs to downstream risk reporting.
Governance changes emphasized model validation workflows, role based access for actuarial, finance and risk stakeholders and standardized audit trails for model runs and assumptions. The deployment focused on consolidating actuarial systems and operationalizing model controls within the Risk Management organization at AIA Australia.
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Insurance | 2400 | $190M | Malaysia | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2020 | n/a |
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Insurance | 4500 | $1.0B | Indonesia | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2014 | n/a |
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Banking and Financial Services | 25405 | $20.6B | Hong Kong | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2016 | n/a |
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Insurance | 600 | $250M | New Zealand | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2017 | n/a |
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Insurance | 4000 | $5.3B | Singapore | FIS Global | FIS Insurance Risk Suite (formerly Prophet) | Risk Management | 2017 | n/a |
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Buyer Intent: Companies Evaluating FIS Insurance Risk Suite (formerly Prophet)
- Leidos, a United States based Aerospace and Defense organization with 47000 Employees
- Korea Institute For Industrial Economics And Trade, a South Korea based Government company with 201 Employees
- Oportun, a United States based Banking and Financial Services organization with 2429 Employees
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