Unum has chosen SunGard’s iWorks Prophet actuarial modeling and risk management solution in an attempt to improve the efficiency of its actuaries, provide greater insight into the financial state of its business and comply with the anticipated International Financial Reporting Standards (IFRS), Unum said.
"Unum is undergoing a transformation of its financial analysis capabilities that includes establishing more innovative processes for our actuarial systems as well as governance,” said Nigel Moodley, VP of risk modeling & financial planning at Unum. “SunGard’s iWorks Prophet helps to support these initiatives by centralizing and standardizing actuarial practices across multiple business lines, and helping us establish governance and visibility over financial risk.”
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