A powerful actuarial modeling system for life, health, and P&C insurers. Offers product development, pricing, reserving, capital management, and ALM capabilities. Supports regulatory compliance including IFRS 17, Solvency II, and PBR.
Specialized applications for developing and running complex statistical models that predict future claims costs, mortality rates, and other risk factors essential for insurance pricing and reserving.
More Actuarial Modeling Software
More Actuarial Department ...
Multiple Model Support Ability to build, manage, and run multiple models simultaneously within the platform. |
R³S is described as supporting multiple simultaneous model uses for various actuarial processes (product development, pricing, reserving, capital management, ALM). | |
Flexible Model Framework Supports varied actuarial model types such as deterministic, stochastic, and simulation-based models. |
R³S is marketed as supporting a wide range of actuarial modeling needs, suggesting flexible frameworks for deterministic, stochastic, and simulation-based models. | |
Custom Formula Editor Interactive editor that allows actuaries to define and modify custom mathematical formulas. |
No information available | |
Mortality Table Integration Ability to import, integrate, and update standard or custom mortality tables. |
R³S supports life and health insurance lines, which necessitates mortality table integration. | |
Claims Development Modeling Support for modeling claims development triangles and claims reserving methodologies. |
Claims development triangles and reserving are standard for P&C functionality, which is advertised. | |
Asset-Liability Modeling Capability to model both liabilities and assets for holistic risk analysis. |
ALM (Asset-Liability Modeling) is explicitly marketed as a capability. | |
Aggregation and Disaggregation Tools Enables grouping and ungrouping policy or claim data for enhanced analysis. |
No information available | |
Model Version Control Built-in system for tracking changes and maintaining version history across models. |
Model version control is common in advanced actuarial platforms; RNA Analytics product material references robust governance and audit controls. | |
Advanced Statistical Functions Incorporates complex statistical functions such as regression, GLMs, time series, etc. |
Positioned as 'advanced modeling', likely includes advanced statistical tools for actuaries. | |
Scenario Testing Ability to run various what-if and stress-test scenarios on model outcomes. |
Scenario and stress testing is a requirement for regulatory standards (IFRS 17, Solvency II), which the software advertises. | |
Model Execution Speed Average time taken to execute a comprehensive actuarial model. |
No information available | |
Parallel Processing Support Uses multiple processors/threads to speed up model calculations. |
Product is marketed as scalable and performant, suggesting support for parallel processing. | |
Built-in Calibration Tools Guided tools to calibrate and validate models using historical data. |
No information available | |
Integration with External Libraries Supports integration with external actuarial/statistical computation libraries (e.g., R, Python). |
R³S has integration capabilities with tools like R and Python highlighted in solution briefs. | |
Stochastic Model Run Limit Maximum number of stochastic simulations per model run supported. |
No information available |
Multiple Data Format Support Imports/exports data in formats such as CSV, XLSX, XML, JSON, and databases. |
Any actuarial modeling solution supporting integration/ETL will support major data formats. | |
ETL (Extract-Transform-Load) Tools In-built tools for extracting, cleaning, and transforming data prior to modeling. |
The product overview references extensive ETL and data preparation capabilities. | |
Live Data Connection Ability to connect to and read data live from external databases and feeds. |
No information available | |
Data Validation Rules Ability to set up and enforce validation rules on import to ensure data quality. |
No information available | |
Automated Data Refresh Schedules and performs automated data updates from connected sources. |
No information available | |
Data Volume Capacity Maximum supported input data size for a single model run. |
No information available | |
Data Anonymization Built-in tools for anonymizing sensitive policyholder or claims data. |
References to regulatory and data privacy compliance imply built-in anonymization functions. | |
Integration APIs REST or SOAP APIs available for integrating with enterprise systems. |
API and enterprise integration for R³S are marketed features. | |
Audit Trails on Data Changes Records and logs all data imports, changes, and exports for compliance. |
Audit trails are vital for compliance software. Explicitly mentioned in regulatory and audit support. | |
Bulk Data Processing Capability to process very large batches of data efficiently. |
Scalability and actuarial model complexity claim bulk processing capabilities. | |
Direct Database Connectivity Connects directly to SQL databases for dynamic queries and updates. |
Direct database connection (SQL) is a common requirement and is referenced in technical integration content. | |
Data Rollback Capability Easily revert to previous data states or batch loads if needed. |
No information available | |
Secure File Transfer Support Supports secure (encrypted) transfer protocols (SFTP, HTTPS) for data exchange. |
Product has enterprise deployment options and lists secure data practices. |
Standard Report Library Includes a set of pre-configured standard actuarial and regulatory reports. |
RNA Analytics product website mentions out-of-the-box actuarial and statutory reports. | |
Custom Report Builder Allows users to define, format, and save their own report templates. |
Billed as customizable for insurer-specific requirements, including custom report templates. | |
Interactive Dashboards Visual dashboards for tracking key metrics, scenarios, and trends. |
Dashboards and visualization appear as highlighted features in product brochures. | |
Dynamic Charting Tools Supports various chart types (line, bar, scatter, heatmap, etc.) for numerical outputs. |
No information available | |
Export to PDF/Excel/Word/HTML Can output reports directly to widely-used document formats. |
References to regulatory reporting and multi-format export capabilities. | |
Automated Report Scheduling Capability to schedule and auto-generate recurring reports. |
No information available | |
Customization of Visual Elements Users can adjust theme, coloring, labeling, and other visual report elements. |
No information available | |
Drill-Down Analysis Interactive capability to click and expand into detailed model outputs. |
No information available | |
Annotation and Commenting Allows users to annotate and comment directly within reports. |
No information available | |
Real-Time Visualization Updates Automatically updates visualizations as models or data change. |
No information available | |
Report Distribution Controls Granular user permissions for report sharing and distribution. |
No information available | |
Report Rendering Speed Average time taken to generate and render a comprehensive report. |
No information available | |
Versioned Reports All changes to reports are versioned for audit and comparison. |
No information available |
Support for IFRS17/GAAP/Solvency II Pre-configured modules for major actuarial regulatory standards. |
R³S explicitly lists IFRS 17, Solvency II, and other regulatory compliance as core modules. | |
Assumptions Documentation Structured tools to capture, track, and report on model assumptions. |
Model governance and audit tracking, including assumptions management and reporting, are discussed. | |
Regulatory Output Templates Templates for standard regulatory filings and disclosures. |
Regulatory reporting and output is a stated deliverable for IFRS 17/Solvency II. | |
Audit Logging Comprehensive audit trails for all model changes and accesses. |
Audit logging and user actions are mentioned for control and compliance. | |
Compliance Validation Checks Built-in validation that flags inconsistencies or errors vs. regulation. |
Regulatory checks and validation are required for supported regulations. | |
Change Justification Capture Space to require and record user notes/rationales for any model or assumption changes. |
Provision for model governance implies reason capture for change management. | |
Automated Documentation Generation Generates detailed model and process documentation for compliance. |
No information available | |
Access Control by Regulatory Role Role-based permissions aligned with regulatory compliance requirements. |
No information available | |
Traceability Matrices Links between input, calculation, and output for provable traceability. |
No information available | |
Historical Results Archiving Stores and allows retrieval of previous years’/quarters’ model results. |
No information available | |
Regulatory Reporting Assistance Built-in assistants for filling required forms and generating filings. |
No information available |
Role-Based Access Control Assigns permissions based on user job function or department. |
Large-enterprise deployment reference and regulatory compliance imply RBAC is available. | |
Single Sign-On (SSO) Integrates with corporate identity providers for streamlined login. |
SSO is indicated for enterprise-level use. | |
Multi-Factor Authentication Requires a second factor (beyond password) for user authentication. |
Regulatory and audit focus implies multi-factor authentication. | |
Granular Permission Assignments Fine-tuned control over what users can see, edit, or export. |
No information available | |
User Activity Logging Tracks all user actions and interactions within the software. |
Audit trails and account management cited as standard; logging is expected. | |
Temporary/Guest User Support Can create time-limited or project-specific user accounts. |
No information available | |
Encryption at Rest and in Transit Ensures all sensitive data is encrypted both in storage and during transfer. |
Described as secure in documentation, which typically indicates encryption at rest and in transit. | |
Password Policy Enforcement Customizable rules for password strength and expiration. |
No information available | |
Automated Account Lockout Automatically locks accounts after configurable failed login attempts. |
No information available | |
Active Directory/LDAP Integration Connects directly with organizational user directories. |
No information available |
Multi-User Collaboration Enables multiple users to work on the same models or data sets simultaneously. |
Collaboration for actuarial teams is referenced in solution materials. | |
Comment Threads and Discussions In-tool messaging/forums for discussing model changes or data issues. |
No information available | |
Workflow Automation Automated, customizable workflows for model review, approval, and publishing. |
No information available | |
Task Assignment and Tracking Assign, track, and monitor tasks associated with model development. |
No information available | |
Approval Queues Hold models and data changes in queue until formally authorized. |
No information available | |
Integration with Communication Platforms Connects with tools like Slack, Teams, or email alerts. |
No information available | |
Change Notification System Alerts users to changes, approvals, or required actions. |
No information available | |
Model Locking and Check-Out Locks models from changes while under review or use by another user. |
No information available | |
Activity Feed Centralized feed showing recent user actions and system events. |
No information available | |
Workflow Customization Capabilities Flexible setup for organization-specific workflows and approval paths. |
No information available |
Horizontal Scaling Supports scaling across multiple servers or cloud nodes. |
Marketing emphasizes cloud scalability and elastic performance. | |
Concurrent User Capacity Number of users who can actively use the product without performance loss. |
No information available | |
Maximum Model Size Supported Largest supported actuarial model in terms of input variables or complexity. |
No information available | |
Model Calculation Speed Time taken to process a large, complex actuarial model. |
No information available | |
Cloud Deployment Option Available for deployment on public or private cloud infrastructure. |
Cloud and on-premise options are available per RNA Analytics documentation. | |
On-Premise Deployment Option Available to be installed and operated within a local data center. |
On-premise deployment is available to meet regulatory or data location requirements. | |
Elastic Resource Allocation Automatically adjusts compute and memory resources to workload. |
Elastic resource allocation highlighted on cloud platform materials. | |
Batch Processing Speed How many models/data batches can be processed per hour. |
No information available | |
System Uptime Guarantee Percentage of time the product is operational and available. |
undefined High system availability and uptime are mentioned as part of SLAs. |
|
Support for Distributed Calculations Can run model calculations on distributed systems or clusters. |
Distributed/clustered calculations referenced in scalability/ALM demos. |
Custom Plugin/API Support Supports development and deployment of custom plugins or functions via an API. |
No information available | |
Scriptable Workflows Enables users to write scripts (e.g., in Python) to automate or extend core processes. |
Describes automation and scripting abilities with Python interoperability. | |
Formula Language Support Custom formula or expression language available for complex model design. |
No information available | |
Theming/Branding Customization Can be visually tailored to company brand or look-and-feel. |
Branding, theming, and customization highlighted in user materials. | |
Custom Notification Rules Allows users to set up their own notification triggers and messages. |
No information available | |
Custom Data Field Support Ability to add new data fields or attributes to models and records. |
Custom data field creation referenced for product configuration. | |
Integration with External Analytics Tools Out-of-the-box connectors for tools such as Tableau, PowerBI, R, Python. |
Integration with analytics tools like R/Python and business visualization platforms documented. | |
Model Template Library Users can save and reuse or modify organization-specific model templates. |
Model templates are mentioned as part of rapid deployment and best-practice reuse. | |
Open Data Schema Underlying data model/schema is open and accessible for modification. |
No information available |
Vendor Support Availability Hours and channels (phone, email, chat) support is available from vendor. |
No information available | |
Online Documentation Comprehensive online documentation, user guides, and examples. |
User guides, technical documentation, and support resources readily available online. | |
Training Materials and Webinars Access to onboarding and advanced training opportunities. |
Training workshops, onboarding, and webinars promoted as standard offering. | |
Release and Patch Management Structured approach for providing updates, patches, and release notes. |
Regular release cycles, documented updates, and maintenance information available. | |
Community Forum/Support Access to peer-to-peer forums and user communities. |
Active community forums and peer-support networks referenced in support literature. | |
Dedicated Account Management Assigned vendor experts for larger engagements or SLAs. |
Dedicated account managers available for enterprise customers. | |
Ticket Resolution Response Time Average time to vendor resolution of support tickets. |
No information available | |
Bug Tracking System Transparency on reported bugs and their resolution progress. |
No information available |
Transparent Pricing Structure Clear documentation of licensing, hosting, and user fee structure. |
Pricing and licensing are documented on request and in client proposals. | |
Perpetual License Option One-time payment license with optional support contract. |
Not as far as we are aware.* No explicit reference to perpetual licensing; subscription model implied. | |
Subscription License Option Monthly or annual subscription models. |
Monthly and annual subscription models referenced. | |
Concurrent User Pricing Pricing available based on number of actual simultaneous users. |
No information available | |
Pay-As-You-Go Pricing Pricing based on actual usage (compute time, data processed, etc.). |
No information available | |
Volume Discounts Discounted pricing tiers available for larger teams or long-term commitments. |
No information available | |
Free Trial/POC Support Supports evaluation or proof-of-concept period before purchase. |
Proof-of-concept and evaluations referenced in sales and implementation process. | |
Maintenance Fees Whether recurring annual maintenance/support fees are required. |
No information available |
Modern User Interface Intuitive, up-to-date interface design for productivity. |
Demo screenshots show a modern interface. | |
Accessibility Compliance Meets modern accessibility standards (WCAG, ADA). |
No information available | |
Customizable Workspaces Users can arrange dashboards, menus, and sidebars to preference. |
No information available | |
Context-Sensitive Help In-app help and documentation appears based on user actions. |
No information available | |
Keyboard Shortcuts Extensive support for keyboard navigation and commands. |
No information available | |
Mobile Access/Web Interface Optimized for use on tablets or through a web browser. |
Web interface and mobile/tablet optimized; referenced as accessible from any device. | |
Undo/Redo Functionality Easily revert or repeat user actions. |
No information available | |
Step-by-Step Wizards Guided wizards for new users or complex tasks. |
No information available | |
User Persona Profiles Interface customization based on user role (e.g., modeler, reviewer, executive). |
No information available | |
Localization/Language Support Available in multiple languages for global actuarial teams. |
No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.