FIS Launches 24/7 AI Assistant to Ease Risk Models Management

Key Terms

generative ai technical

Generative AI is a type of computer technology that can create new content, like text, images, or music, on its own. It’s important because it can produce realistic and useful material quickly, which could change how we create art, write stories, or even develop new products. Think of it as a smart robot that can invent and produce things almost like a human.

actuarial financial

Actuarial describes the use of statistical and mathematical methods to estimate future costs, risks and probabilities related to events like insurance claims, retirements or loan defaults. For investors, actuarial analysis matters because it turns uncertain future outcomes into measured expectations and projected obligations—like using a weather forecast to plan a budget—helping evaluate a company’s financial stability, reserve adequacy and the fair value of risk-linked assets.

risk modeling financial

Risk modeling is the process of using data and simple math to estimate the likelihood and size of potential losses or problems that could affect an investment, company, or market. For investors it acts like a weather forecast for money—helping to judge how much risk to take, set safety cushions, price securities, or prepare action plans—while reminding that models reduce uncertainty but do not eliminate it.

Key facts

• FIS has launched the Insurance Risk Suite AI Assistant, a generative AI tool that provides instant actuarial guidance
• Delivers expert risk modeling guidance in any language, 24/7, accelerating risk response

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Actuaries spend a substantial amount of their time searching for information buried in technical documentation on risk modeling. Global financial technology leader FIS® is changing that today with the launch of its Insurance Risk Suite AI Assistant, a generative AI tool that instantly answers complex questions about building and maintaining risk models—in any language.

As climate volatility drives unprecedented claims patterns and cyber threats reshape risk portfolios, insurers need faster, more accurate modeling to stay ahead. Traditional actuarial processes can't keep pace with risks that evolve daily rather than quarterly.

The FIS Insurance Risk Suite AI Assistant acts as an always-available expert, eliminating hours of manual searching and helping actuaries build resilient models. The result: insurers can price policies more competitively while maintaining profitability and detect emerging risks earlier.

"Businesses need powerful modeling, risk management and reporting tools to accurately quantify their exposure and keep their money hard at work," said J.P. James, Group President, Office of the CFO at FIS. "But as these risks become more interconnected and harder to predict, actuaries also need tools that don't slow them down. By embedding AI assistance directly into our Insurance Risk Suite, we're giving actuaries more time to focus on what truly matters: accurately quantifying, reporting, managing and mitigating risk."

The solution's intuitive interface provides real-time guidance on model operation and maintenance, making deep actuarial expertise accessible to teams of any size.

The AI assistant's capabilities are expected to expand to include code writing and improvement, automated documentation, run descriptions and detailed explanations of calculations and errors, reflecting FIS' commitment to unlock continuous innovation in financial technology across the money lifecycle.

About FIS

FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn, Facebook and X.

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For More Information
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com

Source: Fidelity National Information Services