Prophet Libraries

As the most important objects in the workspace, Prophet incorporates a number of actuarial libraries which hold the variables, actuarial definitions and formulas which define the calculations you need to make.

Prophet provides a fast, friendly and flexible solution for actuaries involved in life assurance, permanent health insurance and insured pension products. It manages the calculations and financial models used for:

Embedded and appraisal valuations
Cash flow and financial projections
Net premium, gross premium and discounted cash flow valuations
Realistic earnings valuations and reporting (including achieved profits, US GAAP and Margin on Services)
Asset/liability modelling
Dynamic solvency testing
Stochastic projections
Surplus and bonus strategy analyses
Product pricing and design
Analysis of surplus and movement in embedded values
Current and projected contribution requirements for group pension schemes

Prophet makes it easy for you to extend your models to meet changing requirements in the future.

Our risk management libraries:

Prophet Asset & Liability Strategy Library

Prophet Global Strategy Library-US

Prophet Replicating Portfolio Module

Liability libraries

The main features generally provided by iWorks Prophet’s life liability libraries, except for the Group Pensions and Financial Services libraries, are set out here and in the Liability Libraries datasheet (see link below). Other library datasheets explain the additional specific features that the individual libraries provide.

Prophet Liability Libraries Datasheet