Consecutive win for the ‘Risk Modeller of the Year’ at the InsuranceAsia News Awards for Excellence

We are so proud to announce that we have been awarded the award for ‘Risk Modeller of the Year’ at the Insurance Asia News Awards for Excellence, for the second year running.

These prestigious awards are designed to recognise the best in the industry and reward their pioneering efforts, innovation and commitment, so we a thrilled to be a winner for the second consecutive year. Our award recognises our work within the Asia region to help customers manage their capital and solvency risk exposure, while also assisting regulatory reporting and regulatory requirements.

RNA’s award-winning R³S Modeler comprises a powerful workflow solution, R³S Process Manager, which is designed for executing models developed in R³S Modeler; the R³S Toolkit, which enables users to build their own interfaces, and R³S Development Manager enabling multiple model developers to work on the same codebase at the same time. R³S Modeler has also been updated for 2023 following our recent R³S Software Suite 4.0 launch, developing a new 64-bit version with additional enhancements including performance improvements, new options to better utilise resources, new functions to allow more complex calculations and significant enhancements to reading in assumptions from external sources.

Over the past year, RNA Analytics has made significant investments in its IFRS17 and ICS reporting services in the cloud. Building on the development of a solution that runs its actuarial software, R³S, in a cloud environment, RNA this year launched a service that runs IFRS17 reports in the cloud, developed with our new global cloud maintenance service provider partner, HCL. RNA has built on this relationship further by developing a cloud-based market risk system, as well as cloud-based operations support services.

In addition, RNA’s new K-ICS and J-ICS packages have been developed by modifying its existing Solvency 2 Package, specifically for the Asian market. RNA Analytics’ first release, K-ICS, created for the Korean market, will be followed by the J-ICS package for Japan. This can be further expanded to other Asian risk-based capital environments as required.

RNA’s overarching goal is to solve customer problems and support value creation, often with innovative new methods. As the market, and customer requirements, evolve, we continuously invest in our software suite. Recognising that each of our clients is unique, we adapt our professional consulting packages to their specific needs. As a commercial and global enterprise, RNA Analytics focuses on developing market-leading software while offering expert consultancy services, to ensure the streamlining of processes for customers across the world with varying degrees of resources.  

Harry Kim, Group CEO, RNA Analytics states “It is an incredible achievement to win this award two years in a row. As a company, we are thrilled with this outcome and would like to thank the full RNA Analytics team and InsuranceAsia News for this accolade. We are working tirelessly to help and support our clients in Asia and the rest of the world, especially with the development of cutting-edge solutions for new regulations and fast-changing financial environments. Our aim is to continue to be at the forefront of customer service and product innovation as we move into 2023”.

As a commercial and global enterprise, RNA Analytics focuses on developing market-leading software while offering expert consultancy services, to ensure the streamlining of processes for customers across the world with varying degrees of resources.  

Receiving this award again, solidifies RNA’s position as leaders within the insurance and insurtech markets within Asia, having supported customers throughout the challenging pandemic months and onwards. RNA has provided assistance, both remotely and through hybrid working, which ensures consistent communications in this new digital era. In light of the disruptive changes on the horizon for the industry for 2023, including LDTI and IFRS 17 regulations, RNA is developing innovative solutions and services to help its customers in the era of digitalisation transformation.

To learn more about RNA Analytics’ consultancy products, technical services and actuarial solutions, visit http://www.rnaanalytics.com/ or follow the company on social media @RNAAnalytics.