Prophet Accreditation

Training and Accreditation

for Consultants
 Prophet Accreditation

THE ACTUARIAL MODELLING SYSTEM OF CHOICE

Responding to today’s increasingly demanding and rapidly changing regulatory and business practices environment,
insurance companies are turning to FIS Prophet, an enterprise-wide actuarial modelling system, to meet their
reporting responsibilities and to improve their risk management effectiveness. Prophet is acknowledged as the global
market leader in this field and has the largest user base of any actuarial modelling system.

OPTIMIZING A PROPHET STRATEGY

Insurance companies are looking towards the power and flexibility of their FIS Prophet system. As the portfolio of
Prophet libraries and add-on modules continue to expand, a comprehensive knowledge of the Prophet model building
environment and how to optimize that environment becomes increasingly important to maintain.

CERTIFICATION – A TANGIBLE SIGN ON COMPETENCY

Prophet certification, achieved through the Prophet training and assessment process, is an objective FIS approved
measure of Prophet competency that consultants can cite when responding to their customers and when negotiating
Prophet consulting engagements.

THREE CERTIFICATION LEVELS: BRONZE, SILVER AND GOLD

FIS has established three certification levels: Bronze, Silver and Gold. The Bronze level is the easiest to achieve and
focuses on the mechanics of Prophet while the Gold level focuses substantially on actuarial modelling strategies.

CERTIFICATION LEVEL REQUIREMENTS

Points are awarded for participation in training courses, seminars and webinars and for demonstration of competency
through assessment testing. To retain certification, individuals must attend relevant seminars/webinars each year and
attend a re-assessment test every two years from the initial qualification. At any time individuals who wish can
increase their knowledge and upgrade their status by attending the relevant courses/webinars and qualifying at a
higher level

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 Prophet Accreditation

PROPHET TRAINING AND CERTIFICATION: KEY BENEFITS

Advantages for Consultancy Partners

• Improves marketability for future Prophet roles/jobs – certification provides concise, formalized and recognizable
levels of achievement that can be used to aid discussion of Prophet skills with clients.
• Aids internal planning and resource allocation by providing a structured path for Prophet learning.
• Useful when forming teams based on a standardized Prophet skills matrix.
• Provides competitive edge over non-certified providers when bidding for implementation jobs.
• Tangible measure of investment of time and effort dedicated to learning Prophet modelling skills.

Advantages for Client Organisations

• Easy to identify high-quality Prophet implementation resource providers.
• Assurance that certified consultants can employ relevant Prophet skills.
• Confidence that the consultants have successfully passed FIS’ Prophet certification testing.
• Ability to assess Prophet skills levels when recruiting staff.

CERTIFICATION: HOW THE PROCESS WORKS

Individuals can achieve one of three certification levels – Bronze, Silver and Gold. Each represents a different skill
level and is awarded based on the accumulation of a minimum number of points earned through attendance at FIS
Prophet basic, intermediate and advanced training courses, seminars and webinars, and through demonstration of
competency on the assessment test.
Individuals completing a training course become eligible for assessment testing, that is an appraisal of their success in
mastering the skills covered by the course. The Prophet Certification Panel (experienced Prophet experts) perform
assessment testing, a practical application of Prophet skills that demonstrate expertise.
The Certification proceeds through three stages:

2. Accumulate 3. Levels of
1. Training
Points Certification

By accumulating points through attending classes, seminar, and webinar events, and by passing course assessment
exams, individuals can attain one of three levels of certification:

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 Prophet Accreditation

CERTIFICATION: HOW THE PROCESS WORKS

Training points can be accumulated in four different ways: by taking courses, by being tested on coursework
(assessment), by attending seminars or by participating in webinars (online seminars).

Training courses Assessment Seminars Webinars

•Points are awarded •Points are awarded •Points are awarded •Points will be
for attendance at on passesing tests for for attending select allocated for users
standard FIS Prophet each level. FIS Prophet seminars. that participate in
training courses that •The tests are •Each of these relevant FIS Webinars.
are held either as generally based on seminars will be •The webinars include
standard scheduled or the associated targeted at individuals condensed content
unscheduled/ad-hoc training course at that aiming to progress to from associated
courses. level. 'Gold' level. seminars.
•Training course •The kind of test that is •Webinars are a useful
details are included taken will be level way to periodically
on the Prophet dependent and taken refresh knowledge at
website. either: various levels of
www.prophet- •During or certification.
web.com\training immediately after a
•Tailored courses held training course
at the consultancies' •At an assessment
offices are included. centre

Points system: courses, assessments, seminars, webinars

At each level, training and certification participants can accumulate points, depending on whether they attend courses,
pass tests, attend seminars, or participate in webinars. See the points table below.

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 Prophet Accreditation

POINT ACCUMULATION: MIX AND MATCH RULES

Users can accumulate points from a combination of the methods outlined in the table above but are required to adhere
to the following rules:
1) When moving from one level to the next, the points gained since the last certification must come from at least:
a. Attendance at a training course and
b. Passing the relevant assessment
2) Points from a maximum of two courses from within each level can be used to contribute towards achieving the
next level.
3) Only points from one assessment within each level can be used when moving from one level to the next.

The table below shows how the various methods should be used at each level.

LEVELS: POINTS REQUIRED

As an example, to achieve Gold Level, an individual could build their points in the following way:
GOLD
SILVER
Bronze

30 POINTS 110 POINTS 250 POINTS

FOR MORE INFORMATION

Course information can be found at www.prophet-web.com/training or contact the Prophet Training team
prophet.training@fisglobal.com telephone +44 1932 757 575.

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