The award for best use of artificial intelligence in risk management goes this year to FIS and its FIS Insurance Risk Suite – Prophet platform. FIS Insurance Risk Suite – Prophet embeds AI directly into enterprise insurance risk management, rather than treating it as a bolt‑on analytics capability. The platform enables insurers to identify, quantify, explain, and govern risk with greater accuracy, efficiency, and regulatory confidence across pricing, capital, fraud and enterprise risk functions.

The FIS Insurance Risk Suite – Prophet platform is used by more than 10,000 professionals across 1,000 global sites. This includes 80% of the world's top 50 insurers. It has shown how AI can be deployed responsibly at scale to improve risk decisions, strengthen governance, and increase productivity. Rather than positioning AI as an experimental or isolated capability, FIS Insurance Risk Suite – Prophet integrates multiple AI approaches across the full risk lifecycle to deliver regulator‑ready outcomes.

FIS highlighted that one of its major developments in the year came in the platform's use of AI to reduce operational and compliance risk. Where documentation has often been manual, Prophet's AI Documenter shifts this process by automatically converting model code, assumptions, and workflows into structured, professional and audit‑ready documentation. In doing so, it has shortened documentation cycles, improved consistency, and ensured institutional knowledge is retained even as teams and regulations change.