FIS Prophet Managed Cloud Services (PMCS)
Freeing actuaries and risk managers from the complexity of infrastructure management
FIS Prophet can be rapidly deployed on AWS
Insurers are under growing pressure to rationalize increasingly complex risk modeling operations for improved performance and meet demand for more frequent and detailed insights, while simultaneously managing costs. FIS addresses these needs by delivering Prophet to the actuarial and IT functions as a range of managed hosted solutions.
The Prophet Managed Cloud Service (PMCS) delivers the Prophet application on AWS computing, networking, and storage. FIS manages the application and the technology platform in a secure environment, continually reviewing customer environments to maximize model performance, while minimizing costs.
FIS is an AWS Advanced Technology Partner and has achieved AWS Financial Services Competency. Competency Partners have industry expertise, solutions that align with AWS architectural best practices, and staff with AWS certifications.
A managed risk modeling solution that rapidly scales to meet fluctuating needs
Manage costs: Outsourcing the provision of the Prophet infrastructure on AWS can deliver significant efficiencies. With no capital outlay for hardware, the start-up costs are kept low, and a monthly service and software license fee ensure that cash flow is predictable over the long term
Focus on core capabilities: Insurers’ in-house experts, whether actuarial or IT staff, want to apply their expertise to value-adding activities. PCMS and AWS help relieve both departments from operational issues so they can focus on important business challenges – without requiring insurers to hire expensive application technology experts
Improve elasticity: Through a virtualized cloud environment, insurers can actively respond to fluctuating demands, provisioning more or less compute resources throughout business cycles
Shorten time to market: Multiple parallel environments can be managed to allow for the governance of test, pre-production, and production environments. Temporary environments can be provisioned for upgrade testing and special projects
Leverage managed service: The solution includes provisioning of the full range of FIS applications, compute capacity planning and elasticity management, comprehensive 24/7 application support (including service desk, application, and infrastructure monitoring), and hosting of test and production environments