Draft:RNA Analytics
{{AFC submission|d|corp|u=Juhan8800|ns=118|decliner=Gheus|declinets=20250303214056|reason2=adv|ts=20250214062231}}
{{AFC submission|d|corp|u=Juhan8800|ns=118|decliner=Rahmatula786|declinets=20250210103824|small=yes|ts=20250210050531}}
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{{AFC comment|1=needs more independent in depth coverage. Rahmatula786 (talk) 10:38, 10 February 2025 (UTC)}}
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{{Short description|Actuarial Consulting Firm and Software Vendor}}
{{Draft topics|software|computing}}
{{AfC topic|org}}
{{Infobox company
| name = RNA Analytics Limited
| logo = RNA original logo final.jpg
| image = Cheonggye hanguk building.jpg
| image_size = 250px
| image_caption = Seoul headquarters in Gwanghwamun Square
| hq_location =
| hq_location_city = Seoul and Reigate
| area_served = Worldwide
| foundation = {{start date and age|2009}}
| key_people = Harry Kim, CEO
John Bowers, Actuarial Product Director
| industry = Actuarial
Insurance
Professional Services
| products = {{plainlist|
- R3S Modeler
- {{nowrap|R3S Development Manager}}
- R3S Workflow Manager
}}
| website = {{URL|https://www.rnaanalytics.com}}
}}
RNA Analytics is a global professional services firm specializing in actuarial consulting, risk management solutions, and actuarial software development. The company is headquartered in Seoul, South Korea, and Reigate, UK..{{cite web | url=https://www.insuranceerm.com/news-comment/rna-analytics-buys-out-algo-financial-modeler-from-ibm.html | title=RNA Analytics buys out Algo Financial Modeler from IBM }}{{cite web | url=https://www.thestreet.com/press-releases/rna-analytics-wins-technology-firm-of-the-year-at-the-insurance-asset-management-awards-2021-15845491 | title=RNA Analytics Wins 'Technology Firm of the Year' at the Insurance Asset Management Awards 2021 | date=29 November 2021 }}
History
RNA Analytics (Risk & Actuary Analytics) was founded in November 2009 by Harry Kim, as an actuarial consulting firm based in Seoul, South Korea.{{cite web | url=https://www.globalbankingandfinance.com/the-insurtech-industry-how-has-it-developed-and-whats-the-future | title=The Insurtech Industry – How has it developed and what's the future? | date=16 November 2022 }} Initially providing actuarial and risk management consulting services, the company later expanded into software development.
In July 2017, RNA Analytics acquired the assets, technology, and core team behind IBM's Algo Financial Modeler, an actuarial modeling software originally launched in 2006. Following the acquisition, RNA Analytics rebranded the software suite as R3S Software Suite, with R3S Modeler as its primary modeling tool.{{cite web | url=https://www.asiainsurancereview.com/Magazine/ReadMagazineArticle?aid=39582 | title=RNA Analytics acquires IBM® Algo Financial Modeler® }}https://www.yna.co.kr/view/AKR20170630177300848
Since the acquisition, the company has carried out actuarial consulting projects using methodologies from the U.S. and Europe, while also expanding its operations into new markets, particularly in Europe and Southeast Asia.{{cite web | url=https://www.thebell.co.kr/free/content/ArticleView.asp?key=201801190100038290002369&svccode=00&page=1&sort=thebell_check_time | title=Rna애널리틱스, 'Ifrs17 계리적용 솔루션' 노하우 공개 }}
R3S Software Suite
The R3S Software Suite is an actuarial modeling and risk management system developed by RNA Analytics. It has undergone multiple iterations, tracing its origins to an actuarial modeling system initially developed by Watson Wyatt Worldwide.
- 1996: Developed as VIP 4, an internal actuarial modeling system at Watson Wyatt Worldwide.
- 2006: VIPitech launched as the successor to VIP 4 following a five-year redesign.
- 2010: Algorithmics acquired VIPitech's software solutions, IP, and team following the Watson Wyatt-Towers Perrin mergerhttps://www.reuters.com/article/markets/watson-wyatt-completes-4-bln-merger-with-towers-idUSN03213410/
- 2011: VIPitech was rebranded as Algo Financial Modeler (AFM) and was later acquired by IBM, becoming part of the IBM Risk Analytics division.{{cite web | url=https://www.forrester.com/blogs/11-09-01-ibm_to_acquire_algorithmics_grc_and_financial_risk_management_get_a_little_closer/ | title=IBM to Acquire Algorithmics... GRC and Financial Risk Management Get a Little Closer | date=2 September 2011 }}{{cite web | url=https://www.forrester.com/blogs/11-09-01-ibm_to_acquire_algorithmics_grc_and_financial_risk_management_get_a_little_closer/ | title=IBM to Acquire Algorithmics... GRC and Financial Risk Management Get a Little Closer | date=2 September 2011 }}
- 2012: IBM rebranded the software as IBM Algo Financial Modeler and IBM Algo Financial Modeler Enterprise.https://www.ibm.com/docs/en/SSNLUM_2.3.0/afm_quick_start.pdf
- 2017: RNA Analytics acquired the assets, technology, and core team of IBM Algo Financial Modeler, leading to the launch of R3S Software Suite.https://www.insnews.co.kr/design_php/news_view.php?num=68253&firstsec=5&secondsec=55
- 2019: R3S Development Manager was introduced, as a collaborative tool for multi-user model development.
- 2022: R3S Workflow Manager was introduced, as a web-based platform for managing R3S model executions.
References
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