The public consultation on the Insurance Capital Standard (ICS) as a prescribed capital requirement (PCR) closed in September 2023, marking the beginning of the International Association of Insurance Supervisors’ (IAIS) final assessment of the economic impact of the standard.
Read MoreWe are thrilled to welcome Nick Reilly to RNA Analytics as Head of Business Development, UK and North Europe.
Read MoreAs a new year approaches, and we consider what 2024 has in store for the global insurance industry, it is clear that some of the most exciting developments are taking place across the technology space….
Read MoreReigate, United Kingdom, 6th December 2023: RNA Analytics, a global leader in actuarial and risk management, today announces it has been awarded ‘Consulting Firm of the Year’ at the Insurance Asia News Awards for Excellence, the third year running RNA has received an award from this esteemed awards organisation.
Read MoreLatin America’s insurance industry is on a growth trajectory, driven for the most part by revenue growth in the life segment, and as countries in the region show signs of economic recovery, the region’s as yet uninsured population makes Latin America an attractive market for insurers looking to expand their market presence and share.
Read MoreThe 2023 RNA User Forum, held on November 16th at The Institute of Actuaries of Korea, brought together a dynamic community of existing R³S users and RNA clients.
Read MoreLa Positiva were looking for a tool that was able to adapt to different life products and modelling scenarios, to help support decision making across different functions. At the same time, the solution had to be scalable and able to handle significant volumes of data and complex scenarios quickly and efficiently.
Read MoreRNA continues to invest in the expert in-house consultancy to fortify our software offering; and to serve our growing non-life insurance client base, we have expanded our team of non-life experts, taking our offering to re/insurers across the globe.
Read MoreWe are thrilled to welcome Seungjin Han to RNA Analytics as the Head of APAC Life Consulting. Seungjin brings a wealth of expertise to our team, holding a Ph.D. in statistics and boasting 14 years of experience in areas such as pricing, economic capital modeling, machine learning, IFRS17, K-ICS, reinsurance strategy, solvency and capital management, and ORSA.
Read MoreThe version 4.1 release brings many new enhancements, such as a transposing database output, profiling run type for users with the R³S Enterprise option, and command structures in R³S Manager.
Read MoreJohn Bowers, Actuarial Product Director and Matthieu Soulas, Actuarial Delivery Director at RNA Analytics, review how insurers have implemented IFRS 17, and the next steps moving forward in this Q&A, conducted by InsuranceERM.
Read MoreCompliance with IFRS 17 may for some time have seemed like a distant (and moving!) target on the horizon, but now that the accounting standard is upon us, work to implement the new rules and models has come to fruition for many insurers, giving us the opportunity to dissect projects end-to-end, and to share best practice.
Read MoreAt a time when the demands placed upon insurers by regulators have exploded, and the availability of data and computational power offered by software providers and modellers have grown, a major step change in the development of nested stochastic modelling is emerging.
Read MoreIn preparation for IFRS 17, Oslo Stock Exchange-listed insurer Gjensidige in 2019 sought a completely new actuarial and reporting tool.
Read MoreAs 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.
Read MoreThe 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.
Read MoreWe 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.
Read MoreQ&A with Javier Alvarez, Managing Director at RNA Analytics
Read MoreIn a very short time, the re/insurance industry will reach the implementation deadline for one of the most significant changes in accountancy practice in decades.
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