RNA Analytics Leads the Way with Award-Winning Solutions in 2024

RNA Analytics Leads the Way with Award-Winning Solutions in 2024

It has been a hugely successful year for us at RNA Analytics, and we’re thrilled to share that our hard work and dedication have been recognised not just once, but twice, by two highly respected industry bodies. We’re honoured to receive the ‘Actuarial Consultancy of the Year’ at the InsuranceERM Asia Pacific Awards 2024 and named ‘Risk Modeller of the Year’ and ‘Consulting Firm of the Year’ at the InsuranceAsia News Awards for Excellence 2024.

These awards highlight RNA Analytics’ exceptional work in delivering innovative solutions and consultancy services to insurers across the Asia Pacific region and beyond. The team’s approach ensures accurate results, optimised modelling processes, and efficient delivery, helping clients navigate the complexities of actuarial, regulatory, and risk-based requirements. RNA Analytics continues to set the standard for innovation and leadership in actuarial and risk management consulting.

Actuarial Consultancy of the Year

The InsuranceERM Asia Pacific Awards recognised RNA Analytics’ outstanding ability to provide innovative consultancy services that address the unique challenges faced by insurers in the Asia Pacific region. By partnering closely with clients, RNA Analytics simplifies complex actuarial, regulatory, and risk-based requirements. The team’s approach ensures accurate results, optimized modelling processes, and efficient delivery, helping clients navigate a rapidly evolving landscape with confidence.

This recognition acknowledges RNA Analytics’ proven track record of enabling insurers to address their most pressing challenges and operational demands through its end-to-end software tools, including the R3S Workflow Manager and the R3S Software Suite. These solutions are designed to address IFRS 17 compliance, regulatory challenges like Economic Value-Based Solvency Regulation (ESR), and frameworks such as Solvency II. RNA Analytics has consistently demonstrated its ability to support insurers’ needs in an evolving regulatory environment.

This recognition acknowledges RNA Analytics’ proven track record of enabling insurers to address their most pressing challenges and operational demands through its end-to-end software tools, including the R3S Workflow Manager and the R3S Software Suite. These solutions are designed to address IFRS 17 compliance and regulatory challenges such as Japan’s Economic Value-Based Solvency Regulation (ESR), Korea's K-ICS framework, and Solvency II—similar frameworks with different regional terminologies aimed at strengthening insurers' risk management and solvency standards. RNA Analytics has consistently demonstrated its ability to support insurers’ needs in an evolving regulatory environment.

As regulatory demands and customer expectations evolve, winning this award is a testament to the expertise and dedication of the global RNA Analytics team. For instance, the firm partnered with Fubon Life Insurance to implement the R3S Enterprise Solution, a transformative project that streamlined actuarial processes, improved operational efficiency, and enhanced governance. This collaboration enabled Fubon Life to produce more accurate, timely reports while meeting regulatory requirements. It has also supported Nippon Life Insurance and Taiju Life Insurance in meeting Japan’s ESR standards, showcasing its ability to customise solutions to meet specific needs.

Risk Modeller and Consulting Firm of the Year

At the InsuranceAsia News Awards for Excellence 2024, RNA Analytics was named ‘Risk Modeller of the Year’ for its ability to deliver solutions that are tailored to the unique challenges of the Asian insurance market. RNA Analytics enhanced its R3S Workflow Manager this year by integrating the Numerix Economic Scenario Generator (ESG). This innovation has transformed scenario management and risk analysis, enabling insurers to quickly identify potential issues and optimise performance.

RNA Analytics also earned the title of ‘Consulting Firm of the Year’, reflecting its dedication to providing consistent, innovative, and client-focused consultancy services. The firm’s solutions, including bespoke regulatory compliance packages, are built to exceed client expectations. Combining client-facing consultants with expert back-end developers, RNA Analytics ensures a holistic approach to addressing customer pain points, enabling over 130 clients in more than 50 countries to streamline their operations and achieve sustainable growth.

RNA’s commitment to the region is further underscored by its expansion into Southeast Asia, its partnership with a prestigious Korean university, and its tailored solutions for markets such as ESR regulation and K-ICS.

Pioneering the Future

"Winning the ‘Actuarial Consultancy of the Year’ and being recognised as ‘Risk Modeller of the Year’ and ‘Consulting Firm of the Year’ are incredible honours," said Tak Lee, Greater China regional manager at RNA Analytics. "Our teams have been at the forefront of supporting clients across Asia-Pacific with ESR regulation and IFRS 17 implementation, providing innovative solutions that deliver cost reductions, efficiency gains, and compliance with evolving regulations. These awards reflect the hard work, expertise, and creativity our team brings to helping insurers navigate complex regulatory and risk landscapes, turning challenges into opportunities."

Looking ahead, RNA Analytics remains focused on driving innovation and excellence in the actuarial and risk management space, helping insurers stay resilient and competitive in a rapidly changing industry. RNA Analytics is deeply grateful to our clients and partners for their trust and collaboration, and they look forward to continuing this journey of innovation and excellence in 2025 and beyond.

To learn more about RNA’s award-winning solutions and services, visit www.rnaanalytics.com or contact a member of the team.

RNA Analytics