Below is a list of the courses we currently provide, together with a brief description of their content. If you would like to see a more detailed overview of a particular course, please click on its title.
| Scheduled Courses | |
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| Title | Description |
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| 2-day Introduction to Prophet |
Our recommended introductory level course for anyone new to Prophet. These two days will give a thorough grounding in the use of Prophet and are especially suitable for anyone who has little or no Prophet experience and/or less than 18 months' experience in an actuarial environment. |
| Extended Formula Coding in Prophet |
Designed to introduce the new features in Prophet, covering advanced formula coding techniques. The course provides several approaches to writing efficient coding and is aimed at those with some existing experience of the system. This is a fast-moving course intended for delegates who already have good actuarial and Prophet knowledge. |
| Advanced Coding in Prophet |
Aimed at users whose knowledge is equivalent to having attended an Introduction to Prophet course and then having applied those skills steadily for three months in a working environment. This course will guide delegates onto the next phase of their Prophet usage by taking them beyond the basic coding covered in the introduction courses. |
| Stochastic Liability Modelling |
Provides hands-on experience for users who wish to use Prophet to model their liabilities stochastically. Includes pricing of guarantees and gives delegates an opportunity to compare and contrast the different economic models available. Includes in-depth coverage of SGA, which is used throughout the day. |
| Asset Liability Strategy Library - Building an ALM model on top of your existing liability model |
An overview of the range of deterministic, dynamic and stochastic ALM projections that can be carried out using Prophet, including an outline of the functionality of the Asset Liability Strategy ("ALS") library. This course is appropriate for people who wish to use Prophet to model assets and the fund within an ALS library product, where interactions with liability results are achieved by dynamically incorporating cash flows using "external" Prophet liability products. |
| Asset Liability Strategy Library - Developing a Life DFA Model |
An overview of the Asset Liability Strategy ("ALS") library with liabilities modelled "internally" i.e. in the same product. The course provides a basic understanding of the calculations performed in the ALS library where the interactions of the assets and liabilities and the dynamic decisions take place within one product. The course also covers how the liabilities can be modelled within an ALS product. |
| Data Conversion and Grouping |
An introduction to the Data Conversion and Data Grouping System (DCS) and the Data Grouping options in Prophet. This course is suitable for a new user of DCS or for someone who wants to carry out grouping of their policy data. |
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| Ad-hoc/In-house Courses | |
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| Title | Description |
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| Automating Prophet |
This course is suitable for anyone who wishes to learn about techniques to automate the Prophet run process. It helps users to understand how Prophet is used, but who does not currently need to specify product models. It includes DCS, multiple runs, the API and results reporting techniques. No actuarial knowledge is required. |
| Introduction to Glean |
An introduction to the Glean Experience Analysis System and, as an integral part of that, the basics of the Data Conversion System. Delegates will be shown how to perform an Experience Investigation, to compare their experience against expected rates and to fit a generalised linear model to their data. |
| Analysis of Movements (AOM) |
This course is suitable for experienced Prophet users about to implement AoM or considering doing so. |
| Summary Library |
This course introduces you to the capabilities of the Summary Library, enabling you to extend your existing Prophet Model Office. Suitable for Prophet users already experienced in modelling the liabilities. |
| Administrating Prophet Environments |
The workshop for anyone with responsibilities for their company's Prophet environment. This is an interative day where delegates discuss the need for, and best practices in, the various processes and controls that can be applied to managing a Prophet multi-user environment. |
