R3S is a software solution for financial, risk and actuarial analysis. It is designed and delivered to help companies meet their need for a more realistic and granular modeling in financial analysis and regulatory compliance.
By using a single software suite, a consistent set of calculations, models, approaches, processes and skills can be used to improve on the granularity, accuracy and speed with which information and metrics can be produced and presented.
R3S Modeler
R3S Modeler is the latest generation actuarial software designed for all types of actuarial and risk modeling.
With many regulations and reporting standards taking a principles-based approach, flexibility, scalability, performance and automation is paramount in deciding what tool to use.
Principles-based regulation such as Solvency II were key influences in the design and evolution of the system. It allows users to build models for product pricing and design, budgeting, statutory valuation, Market Consistent Embedded Value, IFRS 17, ALM, economic capital and Solvency II calculations.
R3S workflow Manager
A web-based platform that manages the R3S model executions, adding integration capabilities to deliver a fully orchestrated end-to-end actuarial workflow.
R3S Workflow Manager provides security, audit, and governance functionalities to meet enterprise compliance requirements such as IFRS17, Solvency II or ICS, including a dashboard module for reporting purposes that allows the direct access to the model results.
R3S Workflow Manager serves as a dedicated production environment with a user-friendly interface, that can also be operated through external API calls, ensuring optimized efficiency through automated workflows.
R3S Toolkit
Simplifying the integration of your R3S process in a production workflow.
With the increasing focus on risk management through regulation such as Solvency II, reporting standards such as IFRS 17, and IT compliance standards, the way that business critical modeling systems are used, managed and deployed within an organisation has come under greater scrutiny.
The R3S Toolkit enables users to build their own interfaces and dashboards so that they can run models, or embed the running of models, in other applications to provide flexibility in controlling these processes.
R3S Development Manager
Providing an intuitive way to work collaboratively.
Managing model changes and providing accurate records to satisfy audit requirements is becoming more difficult. Multiple users need to access the same core business models at the same time. Model development can quickly become chaotic and disorganised resulting in source code conflict, model inconsistencies, and potentially model errors.
R3S Development Manager is a source control system for model development enabling multi-user development of models and their storage in a central repository with a version history of changes in the models.
R3S Life Standard Code
Simplifying the complexity of actuarial, regulatory and risk-based implementations.
Whether starting out with a new software system, developing and pricing new products for launch or implementing new regulations, building accurate and realistic models as quickly as possible is a common requirement.
To complement the modular design of R3S Modeler, the R3S Standard Code is primarily a collection of modules known as building blocks. These are relevant to most markets and can be fitted together to form assets, liabilities, products and calculation routines. Designed to ensure that the code is fully modular and extremely flexible, the building blocks are collections of common calculation routines, such as probability calculations, that interact with one another seamlessly.
R3S Non-Life Standard Code
Simplifying the complexity of actuarial, regulatory and risk-based implementations.
RNA Analytics has extended its established expertise in risk modeling and data management to the non-life industry with R3S Non-life Standard Code.
R3S is the brand name of our software suite and R3S Modeler is an actuarial modeling software platform that enables users to build their own model. It comes with an extensive library called Standard Code for various calculations and processes.
RNA Solvency II Package
Simplifying the complexity of the Solvency II regulatory requirements.
The RNA Solvency II package includes a comprehensive Standard Formula solution and example processes and approaches for developing partial or full internal models or the forward-looking assessment of own risk (FLAOR) requirements.
For insurers seeking a cost-effective way to comply with Solvency II. Designed for speed and quick deployment, this solution includes a template capital model that can be adapted to suit business requirements and a model that aggregates the risks and produces the metrics for the Solvency II quantitative reporting template (QRT) reports.
RNA IFRS 17 Package
Simplifying the complexity of IFRS 17 with R3S
The RNA IFRS 17 package provides an out-of-the-box solution to the portfolio-level calculations of balance-sheet and profit-and-loss values required under IFRS 17. These IFRS 17 portfolio-level calculations use a defined set of cash flow model inputs, which can be taken from any underlying source, including from R3S Modeler results for maximum automation.
For insurers who want to benefit from best-practices and innovative solutions which compliment existing IT infrastructure. With the flexible modular framework developed, insurers establish end-to-end reporting processes and interoperability between systems.