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 […]
In our engagements with valuation teams using Prophet, we’ve observed that most users are confident with in-force projections—such as those required for monthly valuation or embedded value reporting. However, when it comes to new business (“NB”) processing, many find the setup and logic less intuitive.
With the release of Prophet 2024 Q4, users may have noticed a notable enhancement in variable handling—the ability to define variables using enumeration types, in addition to the conventional number and text formats. This seemingly modest update introduces a practical tool that can significantly improve model clarity and coding efficiency.
