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iWorks Prophet from Sungard Availability Services
An actuarial modeling solution that supports all aspects of actuarial work in pension funds, including valuation, pricing, reserving, risk management, and capital modeling with extensive reporting capabilities.
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Product analysis by function
Statistical Analysis Software for Actuarial Services
Powerful computation platforms that support complex statistical analyses, data mining, and predictive modeling specific to pension fund demographics and financial projections.
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Data Management and Integration
(10 Yes /10 Known /10 Possible features)
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Multi-source Data Import Supports importing data from multiple file types (CSV, Excel, databases, APIs) seamlessly for actuarial analysis. |
Prophet is widely recognized for supporting data imports from various sources, including CSV, Excel, and databases commonly used in actuarial work. | |
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Data Cleansing Tools Includes tools for identifying and correcting errors or inconsistencies in raw data. |
Prophet's data management features include data validation and cleansing as part of actuarial workflows. | |
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ETL (Extract, Transform, Load) Capability Provides integrated ETL features to automate data preparation workflows. |
ETL-like automated data processing is standard in Prophet implementations for insurance and pension fund workflows. | |
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Automated Data Validation Checks incoming data against predefined rules and flags anomalies. |
Automated data validation features are typically used to check data integrity prior to model runs in Prophet. | |
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Large Dataset Support Can efficiently handle and process large, multi-million record actuarial datasets. |
Prophet is specifically scaled and used for multi-million record actuarial datasets. | |
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Data Versioning Tracks and manages different versions of datasets for audit and compliance purposes. |
Data versioning and audit features are fundamental for actuarial products meeting compliance and audit standards. | |
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Metadata Management Enables tagging, describing, and tracking dataset properties for easy identification. |
Tracks metadata for model/data lineage, used for auditing and compliance. | |
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Secure Data Storage Ensures data stored in the platform is encrypted and secured. |
Secure, encrypted data storage is a requirement for actuarial software like Prophet, as stated in product and regulatory documentation. | |
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Data Export Flexibility Exports results and data to multiple file formats or databases. |
Prophet routinely exports data/results to multiple formats and integrates with databases. | |
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Real-time Data Refresh Enables automatic refresh of external data connections. |
Often connects to external data sources with configurable data refresh options. |
Statistical and Actuarial Modeling
(12 Yes /12 Known /12 Possible features)
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Actuarial Life Table Functions Implements generation and manipulation of life tables for mortality analysis. |
Core actuarial functions include extensive life table calculations in Prophet. | |
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Survival Analysis Includes advanced techniques for survival and mortality projection. |
Survival and mortality projections are a core feature for pension actuarial models. | |
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Regression Analysis Broad support for linear, logistic, and generalized regression models. |
Linear and logistic regression available for actuarial projections and experience analysis. | |
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Time Series Analysis Provides robust methods for modeling and forecasting financial and demographic time series data. |
Prophet provides time series analysis for financial and demographic forecasting. | |
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Stochastic Modeling Ability to conduct simulations with Monte Carlo and other stochastic processes. |
Monte Carlo and other stochastic simulations are central to Prophet's risk management modules. | |
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Multivariate Analysis Performs principal component analysis, factor analysis, and other multivariate techniques. |
Multivariate analysis tools such as PCA are available for data exploration. | |
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Custom Model Development Allows users to define and implement custom actuarial models. |
Prophet allows users to develop custom actuarial models using scripting and a model development environment. | |
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Actuarial Valuation Modules Integrated tools for pension fund valuation and liability estimation. |
Valuation modules for pensions are a standard offering in Prophet. | |
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Sensitivity and Scenario Analysis Efficient tools to test models under various economic, demographic, and regulatory scenarios. |
Sensitivity and scenario testing is explicitly supported in Prophet. | |
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Parameter Estimation Tools Automated routines for fitting and optimizing model parameters. |
Multiple parameter estimation methodologies are embedded within Prophet's projection and calibration routines. | |
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Portfolio Risk Modeling Quantitative tools to assess and optimize investment portfolio risk in the pension context. |
Portfolio risk analysis is integral to the Prophet suite for pension management. | |
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Embedded Mortality/Disability Models Pre-built actuarial tables and risk models relevant to pension funds. |
Prophet includes standard mortality and disability models. |
Computation Performance and Scalability
(6 Yes /6 Known /8 Possible features)
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Parallel Processing Utilizes multicore or distributed computing to accelerate analysis. |
Can utilize parallel processing for complex calculations in large model runs. | |
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Cloud-Based Compute Options Offloads heavy computation to scalable cloud resources. |
Prophet cloud deployment options are available for scalable compute. | |
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Computation Speed Average time to run a standard large actuarial projection. |
No information available | |
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Concurrent User Support Number of users who can simultaneously perform computations without performance degradation. |
No information available | |
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Batch Processing Ability to execute large jobs in batch mode, scheduling or automation. |
Batch processing and scheduling capabilities are included. | |
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Memory Optimization Optimized use of memory for very large datasets. |
Memory optimization algorithms are implemented for large dataset handling. | |
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Job Queue Management Advanced job scheduling and monitoring capabilities. |
Includes advanced job queue and batch job management. | |
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Failover and Recovery Ability to recover from failed computations automatically. |
Automatic failover and recovery systems are part of standard cloud or enterprise Prophet implementations. |
User Interface and Usability
(5 Yes /5 Known /8 Possible features)
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Graphical User Interface (GUI) Intuitive, modern, and customizable visual interfaces. |
Features a modern, customizable GUI for model configuration and results visualization. | |
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Interactive Dashboards Drag-and-drop, customizable dashboards for exploring and presenting data. |
Interactive, drag-and-drop customizable dashboards are offered in reporting. | |
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Command Line Interface (CLI) Allows scripting and automation via command-line for power users. |
No information available | |
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Customizable Workspace Users can personalize the layout, colors, and component arrangement. |
User interface can be customized for workspace according to user preference. | |
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Keyboard Shortcuts Extensive keyboard shortcuts to speed up workflow. |
No information available | |
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Multi-language Support Supports multiple languages and region-specific settings. |
No information available | |
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Accessibility Options UI can be adapted for users with disabilities. |
Vendor materials mention WCAG compliant accessibility options. | |
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Role-based Access Control Interface adapts scope and options according to user roles. |
Role-based interface elements and data segregation provided in Prophet. |
Reporting and Visualization
(8 Yes /8 Known /9 Possible features)
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Interactive Charts & Graphs Generates dynamic, interactive visualizations for data and model outputs. |
Dynamic charts and graphs update based on model runs and user interaction. | |
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Automated Report Generation One-click or scheduled generation of recurring reports. |
Scheduled, recurring, and automated report generation is standard. | |
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Customizable Templates Allows users to create or customize templates for regular reports. |
Templates for regulatory and management reports are customizable. | |
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Export to PDF/Excel/Word Exports charts, tables, and reports to common business file formats. |
Exports available to PDF, Excel, and other common formats. | |
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Drill-down Reporting Supports deep dives from summary numbers to granular data visuals. |
Drill-down capability from summary to detailed data is present in reports. | |
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Data Annotation Enables the addition of comments or contextual notes to reports. |
Report annotation is supported through notes and comments features. | |
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Infographic Tools Enables creation of infographic-style outputs for stakeholder presentations. |
No information available | |
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Dashboards with Real-time Data Dashboards update automatically as underlying data changes. |
Dashboards reflect real-time data as models update. | |
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Regulatory Reporting Support Pre-formatted reports for regulatory compliance, e.g., actuarial valuations. |
Comes with pre-built reporting templates for regulatory frameworks like IAS19. |
Compliance and Audit Support
(6 Yes /6 Known /6 Possible features)
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Audit Trail Comprehensive logs of all data imports, modifications, calculations, and exports. |
Complete audit trail and logging of data and calculations is standard. | |
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Regulatory Compliance Modules Specific modules designed for relevant pension regulations (e.g., IAS19, US GAAP, local pension laws). |
Regulatory compliance modules for local and international requirements included. | |
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Permissions Management Granular control over user data and feature access for regulatory compliance. |
Detailed permission management is enforced at various levels. | |
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Change Tracking Tracks all changes to models, assumptions, and data for compliance reviews. |
Tracks all changes for audit and compliance reviews. | |
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Automated Documentation Automatically generates documentation detailing all critical actuarial and statistical processes performed. |
Automated process documentation generated for models and reports. | |
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Encrypted Audit Logs Stores system logs and audit trails in an encrypted, tamper-resistant format. |
Audit logs can be encrypted in accordance with industry standards. |
Security
(4 Yes /4 Known /6 Possible features)
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User Authentication Supports strong password policies and multi-factor authentication. |
Multi-factor authentication and strict password policies available. | |
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Data Encryption at Rest and in Transit Ensures all data, both stored and transmitted, is encrypted using industry standards. |
Industry-standard data encryption in transit and at rest (TLS, AES-256) is mentioned. | |
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Role-based Access Control Restricts access to data and features based on user roles and responsibilities. |
Role-based security controls consistent with enterprise and regulatory standards. | |
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Regular Security Updates Receives and applies regular security fixes from the vendor. |
No information available | |
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Penetration Testing Certifications Undergoes independent penetration tests and holds certifications (e.g., ISO 27001). |
No information available | |
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Disaster Recovery Includes backup and restore features to ensure data is not lost in case of failure. |
Disaster recovery, backup, and restore detailed as part of enterprise service. |
Collaboration and Workflow
(4 Yes /4 Known /5 Possible features)
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Shared Workspaces Teams can share data, models, and results in real time. |
Team collaboration and shared workspaces for model development available. | |
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Commenting and Annotation Allows users to comment on datasets, assumptions, and reports for transparency and discussion. |
Allows commenting and annotating data, assumptions, and results for transparency. | |
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Version Control Integration Integrates with version control systems for source management of scripts and models. |
No information available | |
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Workflow Automation Automates recurring tasks like data imports, calculations, and report generation. |
Workflow automation of key processes like report generation, calculations, and imports is supported. | |
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Task Assignment and Tracking Assigns tasks to team members and tracks workflow progress. |
Task assignment and workflow tracking options are included for actuarial teams. |
Integration and Extensibility
(4 Yes /4 Known /5 Possible features)
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API Access Well-documented APIs to integrate with other enterprise or external systems. |
APIs are documented for integration with enterprise systems. | |
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Plug-in/Extension Support Support for third-party add-ons, extensions, or user-defined scripts. |
Supports model extensions and plug-ins (via user-defined scripts/modules). | |
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Custom Scripting Languages Ability to write and execute code in R, Python, or other relevant languages. |
Custom scripting (e.g., Prophet Language, plus Python/R via interfaces) supported. | |
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Integration with BI Tools Seamlessly exports/imports data to/from popular business intelligence platforms (like PowerBI, Tableau). |
Integration possible with BI tools (PowerBI/Tableau); referenced in integration documentation. | |
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Webhooks/Event Triggers Ability to send customized notifications or actions based on certain platform events. |
No information available |
Support, Training, and Documentation
(3 Yes /3 Known /5 Possible features)
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Comprehensive Documentation Up-to-date, searchable documentation for all platform features. |
Comprehensive and up-to-date product documentation is available publicly and to customers. | |
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Built-in Tutorials Interactive tutorials and walkthroughs for new and advanced users. |
Built-in interactive tutorials and user training materials provided. | |
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User Community and Forums Active online user communities and moderated discussion forums. |
Vendor maintains active user communities and forums. | |
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Vendor Support Availability Hours per day vendor support is available. |
No information available | |
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Multilingual Help Resources Help resources and support available in multiple languages. |
No information available |
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