REMOTE PROPHET

TRAINING
SUBSCRIPTION

Prophet is the actuarial financial projection and analysis tool of choice, currently used by more
than 10,000 people at more than 1,000 customer sites in 70 countries.
Naturally, we want all our customers to be able to make full use of all the functionality and
features offered by Prophet. To be able to learn about the extensive range of facilities for all
types of actuarial calculations that Prophet provides, we now offer training as a subscription.

TRAINING MODULES

80+ 2h 100s
We have a choice of over 80 Course modules are around 2 The modules cover hundreds of
modules to choose from hours in length, which makes different topics across 6 of the
including core and optional the material easy to digest key Prophet applications and
topics at varying levels. Our and doesn’t impact on day to libraries. Modules are all
courses can take new day work and commitments. ‘hands-on’ so will require
employees through the various Modules can be scheduled for delegates to have Prophet
levels to become Prophet times where it is convenient installed on their machine.
experts. for the delegates to attend.

Course modules are charged on a monthly subscription

basis over a five-year period

We require a minimum of four weeks-notice of any requested training dates.

Invoices for your company will be raised on a monthly basis for the number of users signed up for.
STRUCTURED LEARNING PATH
MODULE CATALOGUE

DELIVERY EXAMPLE
• Assume that there are 5 users and each user can attend 20 modules per year (i.e. you have an annual
quota of 100 modules).
• The example below shows how you can take your users from beginner to expert over a 3-year period. The
5 users then change in year 4 and the modules are repeated with the new users.
• Once delegates have attended the core modules, they can then choose from the ever-growing list of
optional modules.
• The modules chosen will depend on the applications and libraries you have licensed and hence this
example is customizable.

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MODULE CATALOGUE
MODULE CATALOGUE

The list of all available modules is given below. Modules are either considered to be core modules or optional
modules.

• Core Modules are indicated with a Bold Green Title

• Optional Modules are indicated with a Bold Teal Tile

All core modules listed within a section are expected to be taken together. Any prerequisite modules are noted at
the beginning of each section.

Prophet Professional Modules

The Prophet Professional modules are designed to take delegates through all key areas of
Prophet. There are 11 core modules that that will take a delegate from a foundation level to
an intermediate level.
The additional Prophet Professional modules explore some of the more advanced areas
within Prophet for experienced users.

Foundation Prophet Modules

PP1 – Introduction & Creating Products PP5 – Analysing Results
• Uses of Prophet Professional • Examining Run Logs
• Key Objects in Prophet • Results Grid and Results Diagram View
• Libraries and Products • Queries and Excel Reporting
• Selecting Indicators

PP6 – Workspace Management

PP2 – Data Inputs • Backup and Restore
• Types of Data Input • Import and Export
• Configuration Data Inputs • Schedule View
• Creating Input Tables • Compare

PP3 – Customising Prophet Code PP7 – Practical Exercise (Part I): Creating
• Editing Prophet Code a Product
• Modelling Time in Prophet (Double module: Done with PP8 over 4hrs)
• Referencing Tables in the Code • Creating product
• Specifying data inputs
• Customising code
PP4 – Running Models
• Components of a Prophet Run
• Structures and Run Settings PP8 – Practical Exercise (Part II): Running
• Processes in a Run and Debugging
(Double module: Done with PP7 over 4hrs)
• Running products
• Reviewing results

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MODULE CATALOGUE

Advanced Prophet Modules

Prerequisites: Foundation Prophet Modules

PP9 – Array Variables PP14 – Calculation Looping

• What are Array Variables • What is calculation looping
• How to create, and use, Array Variables • How to use calculation looping
• Advantages and Disadvantages • Benefits of calculation looping

PP10 – Extended Formulas PP15 – Goal Seeking

• t-dependent and non t-dependent • What is goal seeking
• Hints and tips on usage • How to use goal seeking
• Advantages and Disadvantages • How to debug a goal seek in Prophet

PP11 – Advanced Extended Formulas PP16 – Rebasing

• Optimising extended formulas • What is rebasing
• Advantages and Disadvantages • How to use rebasing
• Prophet Debugger • Benefits of rebasing

PP12 – Optimising Prophet Runs PP17 – User Defined Functions

• Efficient Array coding • What are UDFs
• Optimising standard Prophet code • How to use UDFs
• System optimisations
• Coding Considerations
PP18 – Reading Inside Prophet
• System Configuration
• Advanced table reading
• Flexible tables
PP13 – New Business • Reading results
• Three methods to modelling new business • Summary library
• Advantages and disadvantages of each
• Sales File Generator

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MODULE CATALOGUE

Prophet ‘Modules’
Prerequisites: Foundation Prophet Modules

PP19 – Introduction to Prophet Modules PP21 – New Business & Debugging

• Overview of Prophet Modules • New Business
• Module Objects • Debugging Modules
• Module Processing • Module Targeting
• Creating Modules

PP22 – Advanced Module Modelling

PP20 – Model Development with Modules • Prophet Loops with Modules
• Creating Module Links & Inputs • Looped Modules
• Extracting Module Data • AVX Processing
• Conditional Module Links
• Module Results

Nested Structures Modules

Prerequisites: Foundation Prophet Modules

PP23 – Introduction to Nested Structures PP25 – Nested Structures Example &

• Overview of Nested Structures Debugging
• Nested Structures Processing and dynamic • Practical example of using nested structures
models (e.g. Solvency II, PBR)
• Using Nested Structures • Debugging nested structures

PP24 – Nested Structures Model PP26 – Advanced Nested Structures

Development • New business
• Creating a nested structure • Grouping model points
• Passing data into a nested structure • Other Features of Nested Structures
• Passing data back out of a nested structure
• Nested structure functions

Other Prophet Modules

PP27 – Revision Course PP28 – System/Library Upgrade Course
Designed for users who need a PP refresh. Designed to take delegates through the new system
changes following a PP upgrade.
• Prophet Models
• Data Inputs and Tables • Overview of system releases
• Prophet Variables • New Prophet Features
• Creating and Tailoring products • Key changes to other applications
• Prophet Time and Calculation Order • New Library releases

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MODULE CATALOGUE

DCS Modules
The Data Conversion System is a key application in the Prophet Professional suite. The
core DCS functionality has been split out into 4 essential training modules, there are 2
additional courses covering further DCS topics.

Prerequisites: Completion of module PP2 is recommended, but not required.

DCS1 – Introduction & Inputting Data DCS4 – DCS Grouping

• Overview of DCS • Data grouping
• Viewing input files • Grouping minimums
• Specifying input formats • DCS vs Prophet grouping runs
• Inputting multiple record formats

DCS5 – Advanced Coding in DCS

DCS2 – Data Processing & Basic Coding • Procedures, functions and modules
• Data Validation and Correction • DCS arrays
• DCS Coding • Unit numbers and values
• Running and Debugging in DCS
• Run log and Compilation log
DCS6 – Other Features of DCS
• Automating DCS
DCS3 – DCS Outputs • Linking DCS and Prophet
• Specifying output formats
• Viewing and analysing results

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MODULE CATALOGUE

Prophet Enterprise Modules

The Prophet Enterprise platform is covered in 4 comprehensive training modules.

PE1 – Introduction to PE (Part I) PE3 – Advanced Prophet Enterprise User

(Double module: Done with PE2 over 4hrs) • Managing PE jobs queue
• PE Optimisations
• Overview of PE
• Job Dependencies
• Daily PE routines (Workspace upload, Job
Templates and Jobs, Job Execution, Results • External Results and Inputs
view) • Use of Parameters to streamline jobs
• Monitoring the jobs queue
PE4 – Actuarial Prophet Enterprise
• Results extraction
Administrator
• Enterprise Administration Objects
PE2 – Introduction to PE (Part II) − Machines and Machine Groups
(Double module: Done with PE1 over 4hrs) − Users and Roles
• Differences between PP and PE − Domains and Compartments
− Categories and Parameters
• Edit queued jobs
• Administration
• Push-to-PE
• Categories and Views
• Promote and Versioning of Workspaces

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MODULE CATALOGUE

Assumptions Manager Modules

The Assumptions Manager application gives users enhanced control, governance and
auditability of their tables and data assumptions. The modules cover all areas of AM from
either a user, a model developer, or an administration perspective.

Prerequisites: Completion of core PE modules is recommended, but not required.

AM1 – Introduction to Assumptions AM5 – Assumptions Manager for Model

Manager Developers – Advanced Template Building
• Overview of AM • Basis Template Structuring
• The AM Environment • Constructing Assumption Grids
• Base Sets • Input Data
• Basis Documents

AM6 – Assumptions Manager for Model

AM2 – Managing Assumptions Developers – Test & Development
• Creating and Managing Base Sets • Model Updates
• Creating and Managing Basis Documents • Prophet Professional Runs
• AM Runs • Using flexible tables
• New Reporting Periods

AM7 – Assumptions Manager for

AM3 – Analysis of Change
Administrators – Enterprise Governance
• Analysis of Change Runs
• Enterprise Administration Overview
• Step Numbers
• Compartments in Assumptions Manager
• Mapping Intermediate Tables
• Permissions in Assumptions Manager
• Run Setting Overrides
• AoC Job Results
AM8 – Assumptions Manager for
Administrators – Auditability &
AM4 –Sensitivity Runs
• Structure of Sensitivity Documents Maintenance
• Sensitivity Values & Formulae • Backup, Restore & Promote
• Sensitivity Jobs • Audit & Reporting
• Applying a Sensitivity to an AoC Step • Database Tables

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MODULE CATALOGUE

ALS Modules
The ALS modules have been split into the key areas; Assets, Internal Liabilities, External
Liabilities, Fund, and ALS Mechanics. Within each area the modules are defined as either a
“user” module, focusing on methodology, key tables and configuration, or a “developer”
module, focusing on coding within the ALS library.

Foundation ALS Modules

Prerequisites: Foundation Prophet modules and Core Advanced Prophet modules.

AU1 – Asset Overview & Configuration OU1 – Stochastic & Dynamic Basics
• Standard Asset Types in ALS • Stochastic modelling
• Structure of Asset properties • ESG data for simulations
• Key Configuration Tables • Stochastic structures & run settings
• Main Reporting Variables • Stochastic summaries
• Dynamic structures & run settings
• Stochastic & dynamic examples
AU2 – Bonds, Equities, Cash, Model
Reports
• Methodology for modelling Bonds, Equities and *EU1 or IU1– External/Internal Liability
Cash Overview & Configuration
• Asset data input • Overview of External/Internal Liability approach
• Goal Seeking of market spread • Key Configuration tables
• Equity Indices and assumptions Choice is driven by the variation of ALS library used
• Model Reports
*EU2 – Linking up Products, Key variables
and Reading Results
FU1 – Fund overview, Structure & • Product Links
Configuration • READ_RESULTS
• Structure within ALS • Key variables
• Funds, Pools, Segments
• Key Configuration tables or *IU2 – Tables & Key variables overview
• Liability Tables
FU2 – Realignment & Model Reports • Key Variables
• Realignment • Calculation of reserves and cashflows
• Buying & selling assets with examples
• Model reports *Choice is driven by the variation of ALS library used

FU3 – Changing Investment Strategy &

Results
• Exercise in adjusting investment strategy and
timing or realignment
• Reading Results in Prophet and Excel

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MODULE CATALOGUE

Additional ALS Modules

ASSETS

Prerequisites: AU1 and AU2.

AU3 – ESG Data & Stressing AU8 – Detailed Asset Examples

• ESG data tables • Overview on other asset types
• Other assumption inputs • More detailed examples with several asset
• Stressing assets types & stressing
• Overview of where this fits into ALS & into end
requirement e.g. Solvency II
AU4 – Swaps and Swaptions
• Methodology for modelling Swaps and
Swaptions AD1 – Creating an Asset Type
• Goal Seeking of market spread for swaps • Create new type of bond exercise (e.g. Equity
• Implied volatility for Swaptions linked note, Convertible bond, Repo bond)
• Model Reports • Refresher on Extended Formula coding
• Getting the most out of Asset Parts
• Reporting Variables & Results
AU5 – Equities, Options, Caps & Floors,
Futures
• Methodology for modelling Options (Vanilla AD2 – Creating an ESG Data Type
Calls & Puts), Caps, Floors & Futures • Create new type of ESG data exercise (e.g.
• Implied volatility for Options introduce new inflation rate)
• Model Reports • Use this in the valuation of an asset (e.g.
inflation linked swap)

AU6 – Mortgages
• Methodology for modelling Mortgages AD3 – Creating a SPV
• Repayment schedules • Create a Special Purpose Vehicle exercise
• Prepayment penalties • Include non-standard assumptions
• Fixed vs floating interest rate
• CMOs AD4 – Preparing Asset Data
• Use DCS to create asset data
AU7 – Buying & Selling Assets • Use DCS to create ESG data
• Buying and selling assets • Data validation
• Realignment overview • Including extra information into model reports
• Exercise in buying and selling assets with
stressing (e.g. Solvency II) AD5 – Enhancing Reporting
• Create extra reporting variables of varying
granularity
• Enhance CSV model reports
• Enhance HTML model reports

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MODULE CATALOGUE

EXTERNAL LIABILITIES

EU1 – External Liability Overview & ED1 – External Liability Management

Configuration Action Coding Exercise
• Overview of External Liability approach • Set up links between the ALS and liability
• Key Configuration tables product (e.g. dynamic lapse rate)
• Involves coding in liability library and ALS library
• READ_RESULTS in more detail
EU2 – Linking up Products, Key variables
and Reading Results
• Product Links ED2 – Base Products
• READ_RESULTS • Structure of products
• Key variables • Example with base product
• Cash flow flexing approach overview in more
detail
EU3 – Bonus rate exercise
• Exercise with setting bonus rates per segment
• Reporting results in Prophet
• Reporting results in Excel
• Model Reports

INTERNAL LIABILITIES

IU1 – Internal Liability Overview & IU4 – Stressing Internal Liabilities

Configuration • Stressing internal liabilities methodology
• Overview of internal liabilities approach • Stress tables configuration
• Types of liability which may be modelled • Example of stressing internal liabilities
• Key Configuration Tables
• Calculation Steps
IU5 – Modelling New Business
• Modelling future new business without a sales
IU2 – Tables & Key variables overview file
• Liability Tables • Modelling future new business with a sales file
• Key Variables
• Calculation of reserves and cashflows IU6 – Additional Liability exercise
• Introduce other types of internal liabilities into
the model in more detail
IU3 – Endowment Assurance Exercise &
• Annuities or unit-linked products
Results
• Extra data requirements and reporting variables
• Endowment Assurance product Exercise for other liability types
• Reading Results in Prophet
• Reading Results in Excel
• Model Reports

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MODULE CATALOGUE

IU7 – Detailed Liability Examples ID2 – Creating a New Internal Liability

• Reserving Types for Internal Liabilities Type Exercise
• More detailed examples, Internal vs External • Create more complex liabilities internally in the
• Overview of where this fits into ALS ALS library
• Overview of where this fits into end requirement • Consider different types of benefits outside the
e.g. Solvency II standard offering within the ALS library
• Consider different reserving bases
ID1 – Internal Liability Management Action • Consider different assumption types for
Coding Exercise modelling liabilities
• Set up links between asset and internal liabilities
(e.g. dynamic lapse rate)
• Look at structure of code inside key variables in
the ALS library

FUND

Prerequisites: FU1, FU2 and FU3.

FU4 – Multiple Funds FD3 – FUND_UK Coding Exercise

• Multiple fund modelling • Focus on UK fund types – those which are
• Shareholder fund under the FUND_UK indicator
• Exercise in bringing two funds, one of which • Look at the *_UK variables in detail
being shareholder fund • Coding exercise to introduce alterations in the
calculation of the fund and asset share

FD1 – Investment Strategy Coding

Exercise FD4 – FUND _EURO Coding Exercise
• Explore key variables where realignment takes • Focus on European fund types – those which
place are under the FUND_EURO indicator
• Understand the structure of the realignment • Look at the *_EURO variables in detail
process in more detail • Coding exercise to introduce alterations to
• Introduce new types of restrictions for trades in existing profit-sharing algorithm.
funds and pools

FD2 – Multiple Fund Coding Exercise

• Introduce fund stacking within a single ALS
product
• Coding of Fund transfers
• Coding of Shareholder dividends

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MODULE CATALOGUE

ALS MECHANICS

Prerequisites: OU1.

OU2 – Nested Structures & ALS OD2 – IMD & IMS in Detail
• Nested structures • In-Memory Dynamic methodology
• Nested structures demo (e.g. Solvency II, TVOG • IMD exercise
example) • In-Memory Stochastic methodology
• IMS exercise
OU3 – Stochastic & Dynamic Exercise • Diagnostic file
• Stochastic model which includes dynamic link
exercise

OD1 – Optimisation & Debugging in ALS

• Optimisation in detail within the ALS library
• Debugging in ALS
• Combined exercise in debugging and
optimisation

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MODULE CATALOGUE

IFRS 17 Group Calculations

FIS’s End-to-End solution for IFRS 17 is covered in 9 modules. These modules are
designed to give delegates a complete understanding of the IFRS 17 Group Calculations
library as well as an overview of the peripheral components that complete the solution.

Prerequisites: Foundation Prophet Modules.

IFRS1 – FIS Standard Methodology IFRS5 – PAA & Incurred Claims

• Understanding the Modelling Framework • Overview of PAA modelling
• Set-Up and Configuration of an IFRS Product • Overview of Incurred Claims modelling

IFRS2 – IFRS 17 Modelling IFRS6 – Reinsurance

• IFRS Grouping and Mapping • Overview of reinsurance modelling in both
• Interaction with Other Models liability and IFRS layers

IFRS3 – Connecting to Prophet Cash Flow IFRS7 – End to End Review (Part I)
Models (Double module done with IFRS8)
• Building on Prophet Liability Models • Walk-through of IFRS End to End Solution
• New Business
IFRS8 – End to End Review (Part II)
IFRS4 – IRFS 17 Reporting (Double Module 4hrs)
• Viewing and Analysing Results • DCS, PP and IDR components
• Reporting and Forecasting • Connectivity with EAS (FIS sub-ledger)
• Transition
• Disclosures IFRS9 – Disclosures in Detail
• Deep dive into the FIS disclosures solution

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MODULE
PRODUCT CATALOGUE
TITLE
STANDARD
Additional Info Here
TRAINING
For existing Prophet users who have already attended one of the standard FIS training courses the table below
gives a guide as to which modules you have already covered.

Standard Training Course Equivalent Modules

2-Day Introduction to Prophet PP1 – PP8
2-Day Advanced Coding in Prophet PP9 – PP16
1-Day Data Conversion System DCS1 – DCS4
2-Day Introduction to ALS AU1 – AU2, FU1 – FU3, OU1, EU1/IU1, EU2/IU2
1-Day Nested Structures PP23 – PP26
1-Day Prophet Modules PP19 – PP22
1-Day Introduction to PE PE1 – PE4
1-Day Assumptions Manager AM1 – AM4

CONTACT
INFORMATION

Kim Holbrook

[Link]@[Link]

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