SCENARIO: Mr. A, the head of valuation team of Company X, was struggling on how to manage his Prophet workspaces. Due to various constraints (time constraints, resource constraints, ...) in the past, his team ended up using multiple Prophet workspaces in performing valuation exercises - which incurred extra time & efforts in completing required studies. To make the matter worse, some workspaces were actually having the same products (well, the oldest workspace was used to calculate statutory reserves and the latest workspace was used to calculate IFRS reserves...) - his team needed to prepare different sets of model point files for these workspaces because the variables used to read model model point files having different names! The Chief Actuary was unhappy with this inefficiency in managing workspaces. He requested Mr. A to work out a way to consolidate the workspaces into one workspace, or at least lesser workspaces. The problem is, the Prophet Manager couldn't allocate
Sharing the knowledge & experience I gain from my work in Malaysian actuarial industry