RNA Analytics awarded ‘IFRS 17 Consultancy of the Year’ at the InsuranceERM Awards 2024!

RNA Analytics awarded ‘IFRS 17 Consultancy of the Year’ at the InsuranceERM Awards 2024!

Spa Comms > News > RNA Analytics awarded ‘IFRS 17 Consultancy of the Year’ at the InsuranceERM Awards 2024!

RNA Analytics awarded ‘IFRS 17 Consultancy of the Year’ at the InsuranceERM Awards 2024!

https://spacomms.com/2024/03/01/rna-analytics-awarded-ifrs-17-consultancy-of-the-year-at-the-insuranceerm-awards-2024/

RNA Analytics, a global leader in actuarial and risk management, today announces it has been awarded ‘IFRS 17 Consultancy of the Year’ at the InsuranceERM Awards.

This prestigious award recognises RNA Analytics’ commitment to simplifying the complexity of actuarial, regulatory and risk-based requirements to help clients deliver consistent calculations, models, approaches and processes with the greatest possible accuracy, granularity and speed of delivery. Previous winners of this award include Mazars and PwC, and to be acknowledged amongst such established firms within the sector is a great achievement for RNA Analytics.

RNA Analytics’ dedicated teams have been at the forefront of IFRS 17 implementation throughout its introduction, leading digital transformation journeys with its clients to achieve both cost reductions and efficiency gains – and its commitment to clients does not stop there, as it continues to support them, and evolve to drive even further improvements.

The addition of a new disclosure file in RNA Analytics’ R³S Modeler for actuarial projections and R³S IFRS 17 Package for calculations is among these improvements. A differentiating point to highlight is our unique capability to answer both key requirements, advanced actuarial capabilities and the ability to interpret and report results from a business accounting perspective. The addition of a new disclosures file in RNA Analytics’ IFRS 17 solution is among these improvements. The solution offers both Web and Excel-based standardized reports that can be integrated with any third-party application. Its helped users to understand the balance sheet movements and income statement (from a specifically actuarial focus on model outputs), now aimed at a far wider group of finance professionals, including, importantly, accounting professionals.

Javier Alvarez, Managing Director EMEA, RNA Analytics says, “We’re very happy to be awarded InsuranceERM’s ‘IFRS 17 Consultancy of the Year’! This is fantastic recognition, and I would like to praise the RNA Analytics team for all their hard work and dedication, alongside InsuranceERM for this acknowledgement. Our IFRS17 solution offers streamlined implementation, improving the accuracy and speed with which information and metrics can be produced and presented. Our teams have been at the forefront of IFRS 17 implementation, leading digital transformation journeys with our clients to achieve both cost reductions and efficiency gains.”

RNA Analytics’ upgraded product stands out by offering a detailed level of information, empowering both financial analysts and accounting professionals to conduct granular analyses. This solution provides detailed information for a thorough breakdown, aiding accurate financial assessments and decisions. This enhances analysis, delivering a valuable tool for precise insights in various professional settings.

The digital transformation journeys that have been developed with their clients is something that RNA Analytics takes pride in, having supported them in choosing the right path to achieve significant breakthroughs in implementation. Their consulting task force teams global subject experts with local talent to convey the value of cost reduction and increased efficiency that can be gained in IFRS 17 implementation, when done right.

This is the second award win RNA Analytics have been granted in the past year, alongside ‘Consulting Firm of the Year’ at the InsuranceAsia News Awards for Excellence.

To learn more about RNA Analytics’ consultancy products, technical services and actuarial solutions, visit http://www.rnaanalytics.com/  or follow the company on social media @RNAAnalytics.

Posted By

Laura Thorpe