SunGard has announced the launch of iWORKS Prophet Enterprise, anew edition of SunGard's actuarial modelling system, which helpsinsurance and other financial services companies meet theirreporting responsibilities and enhance risk management. ProphetEnterprise adds a separate production control framework to helpcustomers improve the performance, scalability, control, andauditability of their actuarial modelling. The product also willhelp customers to rationalize hardware and IT support costs whilereducing actuaries' administrative data work so they canconcentrate on actuarial work.

iWORKS Prophet Enterprise has a client-server architecturethrough which calculations can be moved away from a desktop to asecure server environment for multiuser access. The architecturesupports centralized processing for multinational companies thatneed to support separate business units or departments across anorganization. iWORKS Prophet Enterprise utilizes a distributedprocessing environment to help increase the scalability of parallelruns; maximize hardware utilization; and provide quicker, smoother,and more automated results for faster and more efficientreporting.

The existing iWORKS Prophet system, the Professional edition,will continue to be SunGard's core actuarial modelling productoffering for model building. Once models have been developed andsigned off using Prophet Professional, they can be exported toProphet Enterprise, within which runs are set up, executed,monitored, and reported upon.

Marc Fakkel, head of operations for SunGard's iWORKS Prophetbusiness unit, says, "SunGard's deep industry expertise, along withthe collaboration of a leading UK insurance company, has helped usto design and build the iWORKS Prophet Enterprise solution to helpour customers work more effectively and better manage run-time andreporting deadlines."