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 […]
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.
