• We are pleased to announce that the winner of our Feedback Prize Draw for the Winter 2024-25 session and winning £150 of gift vouchers is Zhao Liang Tay. Congratulations to Zhao Liang. If you fancy winning £150 worth of gift vouchers (from a major UK store) for the Summer 2025 exam sitting for just a few minutes of your time throughout the session, please see our website at https://www.acted.co.uk/further-info.html?pat=feedback#feedback-prize for more information on how you can make sure your name is included in the draw at the end of the session.
  • Please be advised that the SP1, SP5 and SP7 X1 deadline is the 14th July and not the 17th June as first stated. Please accept out apologies for any confusion caused.

Question on Actuarial software (Life) AXIS v Prophet

I

imho1

Member
Hello,

I am currently working in a Canadian life firm which uses AXIS as its valuation software.

AXIS is a Canadian software and it is not widely used in the market I'm in. From what I know, only a handful of companies here use AXIS while most of the others use Prophet.

This is my first job (almost a year since I started) and hence the only actuarial software I've come into contact with. I'm concerned that my lack of experience in Prophet would limit my future options to quite a large extent.

I'm worried that say 3 years later, I'd probably be looking at senior analyst or assistant manager roles but I'd have zero experience with Prophet. Would that be an instant dealbreaker for most companies?

Are my concerns justified or am I just being paranoid?

I'd appreciate any comments that you may have. Thanks.
 
On a slightly different topic, does anybody know of what Solvency II (SCR) software exists in the market (doesn't have to be life/non-life specific, as presumably they'll cater for both/either types of business)?

Currently I'm aware of the following obvious (and a few not so obvious) ones:
  • Igloo (Willis Towers Watson)
  • Remetrica (Aon Benfield)
  • SCRIPT (Grant Thornton)
  • Barnett Waddingham (SIIMPLIFY)
  • Risk Explorer (URS)
  • Vega (Milliman)
AA
 
Hi all,
I am starting a new role which requires me to use AXIS.
It would be great if anyone could help me out with training material, etc that is available out there.
Regards,
M
 
Meher said:
Hi all,
I am starting a new role which requires me to use AXIS.
It would be great if anyone could help me out with training material, etc that is available out there.
Regards,
M
Click to expand...
Most of the training material available is limited to the ggy.com site so once you get your credentials, you should have access to basic training and more advance training as you go along. However, if you do some googling, some articles will pop up which may/may not be helpful.
 
imho1 said:
Hello,

I am currently working in a Canadian life firm which uses AXIS as its valuation software.

AXIS is a Canadian software and it is not widely used in the market I'm in. From what I know, only a handful of companies here use AXIS while most of the others use Prophet.

This is my first job (almost a year since I started) and hence the only actuarial software I've come into contact with. I'm concerned that my lack of experience in Prophet would limit my future options to quite a large extent.

I'm worried that say 3 years later, I'd probably be looking at senior analyst or assistant manager roles but I'd have zero experience with Prophet. Would that be an instant dealbreaker for most companies?

Are my concerns justified or am I just being paranoid?

I'd appreciate any comments that you may have. Thanks.
Click to expand...
It may become an issue but I've heard that the skills you learn can translate across systems. If you're really very worried, I'd say change jobs to one where Prophet is used. Additionally, you're likely to find better answers to your questions on reddit since more canadian actuaries will be over there.
 
You must log in or register to reply here.
Back
Top