With the right modeling setup, you can automate how Prophet reads assumptions for runs under Analysis of Change (“AOC”) steps — allowing you to control whether the model applies previous or current assumptions for each AOC step, without manually preparing multiple table sets.
Practical Guidance: Streamlining Prophet Models for IFRS 17 Reporting (3) Read More »
Guide 2: Limit Prophet Runs into 2 Runs, i.e., Opening Run & Closing Run As companies move beyond IFRS 17 implementation and shift focus to streamlining their actuarial processes, one area that often requires attention is the Analysis of Change (“AOC”) calculations. These calculations are critical in IFRS 17 reporting, as they provide insights into
Practical Guidance: Streamlining Prophet Models for IFRS 17 Reporting (2) Read More »
In reality, many of the underlying cash flow structures—such as premiums, benefits, and expenses—are largely consistent across product types and reporting regimes. This means that the base model used to generate projected product cash flows can and should be designed as a unified model, capable of supporting multiple views through flexible logic, control structures, or reporting configurations.
Practical Guidance: Streamlining Prophet Models for IFRS 17 Reporting (1) Read More »
In many of our conversations with Prophet users, the topic of sub-product codes, or SPCODE, often surfaces—particularly when discussing model structure and output interpretation. While SPCODE is a standard part of Prophet’s model point setup, how it is used can significantly impact both model flexibility and the range of analyses it can support. In this
Prophet Modelling Technique (4): SPCODE Read More »
In our previous post on using enumerations in Prophet, we briefly referenced the concept of calculation looping. That mention sparked a thought—many Prophet users, especially those who work primarily with standard valuation models, may not be entirely familiar with this technique. Yet, calculation looping is a powerful and often underutilized feature that can enhance both
Prophet Modelling Technique (3): Calculation Looping Read More »