Inflation will create a paradigm shift for insurers in 2023

As we head into 2023, a high inflationary environment will reduce profit margins for many insurers. In Europe, inflation jumped to 8.9% in July 2022, the highest in the last 25 years. This, according to GlobalData will hurt the profitability of general insurers into 2024, as premium growth slows and average cost per claim rises, with the greatest impact expected to be felt in property, motor and specialty lines.

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RNA Analytics
Web3 and insurance

The shift to Web3 will be a non-linear process of uncertain length, but for insurance, as the backbone to innovation (from the oldest maritime insurance contracts to innovative space coverages) the work to consider the risks and opportunities begins now.

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RNA Analytics
R³S Software Suite 4.0 Release

Version 4.0 release brings many new enhancements, such as most live models being able to be run using the MPI distribution for users with the R³S Enterprise option and significant enhancements to reading in assumptions from external sources.

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Neil Collins
Embracing Change: Revolution and Regulations

Digital transformation within the insurance industry continues to create opportunities for carriers and insures alike. An explosion of information and increased connectivity is improving outcomes across the entire value chain, as new data points are leveraged for mutual benefit.

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RNA Analytics
Embracing change

IFRS 17 is changing the way that non-life insurers measure their liabilities – both in terms of methodologies and assumptions. Carriers are developing systems for this change, and some reserving processes may need to be fundamentally altered.

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RNA Analytics
Recovery, Risk and Regulation

After a tumultuous 24 months in the grip of a global pandemic, the emphasis as we start this new year is on recovery, risk and regulation.

At RNA, our focus is always firmly on listening to customers, so we can learn how best to support them with the right tools and techniques to help them achieve their goals.

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RNA Analytics
Full Press Release - RNA Analytics wins ‘Risk Modeller of the Year’ at Insurance Asia News Awards for Excellence

RNA Analytics, a global leader in actuarial and risk management, has won the award for ‘Risk Modeller of the Year’ at the Insurance Asia News Awards for Excellence, 2021.

The award sets out to recognize companies working in the insurance market within the Asia region, which help customers manage their capital and solvency risk exposure, while also assisting regulatory reporting and regulatory requirements.

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Ed Howkins
RNA Analytics wins ‘Risk Modeller of the Year’ at Insurance Asia News Awards for Excellence

RNA Analytics, a global leader in actuarial and risk management, has won the award for ‘Risk Modeller of the Year’ at the Insurance Asia News Awards for Excellence, 2021.

The award sets out to recognize companies working in the insurance market within the Asia region, which help customers manage their capital and solvency risk exposure, while also assisting regulatory reporting and regulatory requirements.

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Ed Howkins