How Can We Manage Valuation Prophet Workspaces?
Finally it comes the time to prepare for actuarial valuation work for new financial year 2013. I think it is the correct time for me to share my proposal to one of my clients, Actuarial Department of Company A , in order to improve how they can manage their valuation Prophet workspaces. Existing Approach Apart from monthly valuation (i.e. computing statutory reserves), Company A performed various valuation exercises, such as market-consistent embedded value ("MCEV"), on regular basis. Currently, they use a centralized Prophet valuation workspaces for all sorts of valuation exercises, which designated run numbers are assigned to different types of exercises. In order to segregate runs for different valuation months, the Prophet workspace is duplicated every month (including the relevant tables) into a new folder. Of course, all workspaces are saved in a designated drive in the server. Although there are some advantages using this approach, I do share with Company A...