Modernizing PBR Compliance: RNA Analytics Launches the R3S VM-22 Module for Non-Variable Annuities

Global actuarial software provider RNA Analytics has announced the release of its specialized R3S US Standard Code VM-22 Module, designed specifically for US life and annuity carriers to modernize Principle-Based Reserving (PBR) compliance for non-variable annuity portfolios including Fixed, Fixed Indexed, and Payout Annuities.

Transitioning to VM-22 presents significant operational and technical hurdles for actuarial and risk teams. Running heavy asset-liability stochastic valuations across hundreds of market scenarios severely taxes legacy actuarial platforms. At the same time, compliance requires calculating multi-scenario reserve layers ranging from best-effort hedging and prudent estimates to prescribed standard projections. Furthermore, modeling complex product features like dynamic cap rates, option earned income, rider benefit Guaranteed Actuarial Present Value (GAPV), and VM-31 disclosures creates severe computational bottlenecks.

The R3S VM-22 Module streamlines compliance through a scalable, high-performance architecture. It offers flexible calculation engines that fully support both Net Asset Earned Rate (NAER) discounting and Direct Iteration Method (DIM) targeting to pinpoint required starting assets with zero deficiencies. To bypass hardware limitations, direct-to-database scenario streaming eliminates heavy workspace files, allowing system run times to scale efficiently below direct record multiples. Benchmark results demonstrate the platform's unmatched enterprise speed, processing up to 100,000 records across 100 scenarios in as little as 7.5 hours on standard enterprise hardware.