FOR IMMEDIATE RELEASE

Reigate, UK – June 2020

Providing insurers with simple and efficient ways to meet their complex needs by using innovative software and consulting, the global software and consulting company RNA Analytics has released an updated version of its R³S financial and risk modeling software.

R³S is a software suite for financial, risk and actuarial analysis. It is designed to help companies meet their need for more realistic and granular modeling in financial analysis and regulatory compliance. By using a single software suite, users can use a consistent set of calculations, approaches and skills to improve on the granularity, accuracy and speed with which they can produce information and metrics. The flexibility with which the suite can handle calculations, data and processes enables a business to implement the approach where it can realize the most value.

With R³S release 3.1, RNA Analytics has focused on improving the performance and functionality of the software suite. The enhancements in this release are based on market requirements, client feedback and input from our internal R³S users worldwide, which build on the software’s existing strengths.

Version 3.1 enables users with the R³S Enterprise option to distribute record by record models across multiple machines. This avoids splitting models to allow them to run in parallel on multiple machines as well as allowing individual models to be calculated much faster.

The release also includes many additional enhancements, from new functions to performance improvements. One of the larger enhancements is the new record level output, that allows users to output projected values at a record level as sought after for IFRS 17 reporting. This new output is much more efficient as it reduces the memory required by models and improves performance.

“With new requirements for modeling being driven by IFRS 17 Regulations and the need for more detail at a granular level, the new release of R³S software suite focuses on enhancements to achieve these goals in a highly optimized way. With the ever-changing requirements and constant enhancements required to models, we will be releasing additional enhancements to the R³S software suite more frequently to meet these constantly evolving requirements.”

Neil Collins, CTO & Head of Product Management, RNA Analytics.

Press contact

Vicky Daniels, Solutions Marketing Manager, RNA Analytics.
Phone: +44 (0) 1737 246586
Email: vicky.daniels@rnaanalytics.com