Barrie & Hibbert News

Barrie & Hibbert receives Queens Award for Enterprise in International Trade

2012-04-23T12:32:58Z

Barrie & Hibbert, a Moody’s Analytics Company, announced today that it has received the Queen’s Award for Enterprise in International Trade, the UK’s most prestigious award for business performance. The award recognises UK businesses that have achieved a substantial and sustained increase in export earnings over three years, to a level which is outstanding for the products and services concerned.

Barrie & Hibbert’s strong track record of growth across 30 countries with exports growing to more than half of turnover was a key factor in the decision.

“This award is great recognition for the focused efforts of the whole Barrie & Hibbert team who have worked hard to expand the global reach of the business while coping with the unique demands of the global financial sector,” commented Andy Frepp, CEO at Barrie & Hibbert

Established in 1995, Barrie & Hibbert provides risk modelling solutions to the global financial services industry. Acquired by Moody’s Analytics in 2011, the company has over 150 customers in 30 countries, with over 60% of insurers in the global fortune 500 using its products and services.

Recognised as the market leader and experts in their field, the company’s commercial success has been founded on this specialist knowledge and its unique placement within the global insurance sector.

“It a great honour to receive the Queens Award for Enterprise in International Trade, particularly in the diamond Jubilee year. I would like to thank our entire team for their expertise, commitment and dedication, without which we could not have received this prestigious award.” said Frepp.

Following its acquisition by Moody’s Analytics, Barrie & Hibbert will continue to extend its international activities which will further enhance its specialist knowledge of global financial markets. It continues to provide challenging and rewarding career opportunities in Edinburgh, London, New York and Hong Kong.

Notes for Editors

Established in 1995 and acquired by Moody’s Analytics in December 2011, Barrie and Hibbert provides world-class stochastic modelling solutions to financial services clients around the globe. As part of Moody’s Analytics, it remains committed to the founding principles of delivering state-of-the-art modeling tools to help insurance, pensions, and advisory clients to identify, quantify and manage financial risks. Working together, Moody’s Analytics and Barrie & Hibbert are developing a broader more powerful library of financial models and risk solutions that can be used to understand the complicated financial relationships that drive the financial management problems of our clients.

Barrie & Hibbert currently have offices in Edinburgh, London, New York and Hong Kong.

For further information: www.barrhibb.com

About Moody’s Analytics

Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.3 billion in 2011, employs approximately 6,100 people worldwide and maintains a presence in 28 countries.

Further information is available at www.moodysanalytics.com.

Barrie & Hibbert launch next generation solutions

2012-04-10T12:37:50Z

Barrie & Hibbert is proud to announce the launch of its Next Generation Solutions designed to help insurers work faster and smarter in today’s high pressured environment.

Insurers are coming under ever increasing pressure to find the time and resources needed to comply with the complex demands of Solvency II. The sheer computational intensity, for instance, of running an internal model; and the requirement to be able to justify model assumptions to regulators, has caused many insurers to look for new more efficient ways of working.

Barrie & Hibbert is proud to announce the launch of its Next Generation Solutions designed to help insurers work faster and smarter in today’s high pressured environment.

Over the next twelve months we will be releasing a range of new products, each of which will comprehensively address particular business challenges. Clients will be able to choose whichever product is suitable for them, adding on additional products as their requirements change. The first products launched today are:

Speaking at today’s launch, Brian Robinson, Life Principal Product Manager, Barrie & Hibbert stated, “These solutions consign to history many of those laborious resource-heavy routines that are often prone to inaccuracies. They provide access to an integrated suite of new and enhanced products and services in a way that introduces greater functionality, speed reliability and automation.”

Notes for Editors

As part of Moody’s Analytics, we remain committed to our founding principles of delivering state-of-the-art modelling tools to help insurance, pensions, and retail clients to identify, quantify and manage the financial risk in savings and investment products, institutional portfolios and life and pensions balance sheets. Working with Moody’s Analytics we are developing a broader more powerful library of financial models and risk solutions that can be used to understand the complicated joint financial relationships that drive uncertainty in long-term financial plans.

We currently have offices in Edinburgh, London, New York and Hong Kong to provide sales, consultancy and support across the globe.

For further information: www.barrhibb.com/next

Moody’s Corporation Acquires Barrie & Hibbert

2011-12-19T12:35:02Z

Moody’s Corporation announced today that it has acquired Barrie & Hibbert Limited, a leading provider of risk management modeling tools for insurance companies worldwide.

Moody’s Corporation Acquires Barrie & Hibbert

NEW YORK, December 16, 2011 -- Moody’s Corporation announced today that it has acquired Barrie & Hibbert Limited, a leading provider of risk management modeling tools for insurance companies worldwide.

The acquisition broadens Moody’s Analytics suite of software solutions for the insurance and pension sectors. With more than 150 customers around the world, Barrie & Hibbert’s Economic Scenario Generator (ESG) is widely recognized as an industry standard for valuing and projecting assets and liabilities and assessing risk and capital positions.

In addition, Barrie & Hibbert’s offerings and expertise in understanding the risks in long-term asset and liability management will enhance Moody’s data management, capital calculation and regulatory reporting platform, to further meet the needs of institutions as they undertake risk management and regulatory compliance activities.

“Barrie & Hibbert has built a strong reputation for its specialized expertise and unique product offerings for insurance risk management,” said Mark Almeida, President of Moody’s Analytics. “Adding Barrie & Hibbert’s skills and experience to Moody’s Analytics expands our ability to help insurers meet worldwide solvency modernization initiatives including Solvency II and other regulatory challenges, and reinforces our commitment to assisting financial institutions as they address a growing array of risk management needs.”

“We are pleased to be joining a dynamic organization that is recognized as a global leader in helping financial institutions manage risk. The combination of Moody’s Analytics and Barrie & Hibbert will benefit our clients by providing them with a broader and more robust set of tools and services to assess financial risk and respond to regulatory requirements,” said Andy Frepp, CEO of Barrie & Hibbert.

Moody’s purchased Barrie & Hibbert for GBP 50 million (USD $77.6 million), and the acquisition was funded from cash on hand. Reflecting the unfavorable impact of purchase accounting and integration costs, the transaction is expected to be several cents dilutive to Moody's GAAP earnings per share in 2012.

Based in Edinburgh, Scotland, Barrie & Hibbert will be integrated into the Moody’s Analytics Risk Management Software segment, which includes a range of award winning products used by financial institutions around the world.

About Moody’s Corporation

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.0 billion in 2010, employs approximately 6,000 people worldwide and maintains a presence in 27 countries. Further information is available at www.moodys.com.

Contacts:

Michael Adler
Vice President
Corporate Communications
+1 212-553-4667
michael.adler@moodys.com

Salli Schwartz
Vice President
Global Head of Investor Relations
+1 212-553-4862
sallilyn.schwartz@moodys.com

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

Certain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Moody’s forward-looking statements in this release are made as of the date hereof, and the Company disclaims any duty to supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying certain forward-looking information regarding, among other things, the acquisition by Moody’s of Barrie & Hibbert. Actual events or results may differ materially from those contained in these forward-looking statements. Important factors that could cause future events or results to vary from those addressed in the forward-looking statements include, without limitation, risks and uncertainties arising from the ability of Moody’s to successfully integrate the Barrie & Hibbert business into its operations, to successfully retain customers and key employees of Barrie & Hibbert and to implement its plans, forecasts and other expectations with respect to Barrie & Hibbert’s business after the transaction and realize additional opportunities for growth and innovation; uncertainties relating to the ability to realize the expected benefits of the acquisition; unanticipated or unfavorable regulatory matters; general economic conditions in the regions and industries in which Moody’s and Barrie & Hibbert operate; and other risk factors as discussed in the Company’s annual report on Form 10-K for the year ended December 31, 2010 and in other filings made by the Company from time to time with the Securities and Exchange Commission.

World leader in legal protection insurance, ARAG, gears up for Solvency II with Barrie & Hibbert

2011-11-28T15:39:36Z

One of the two largest providers for legal protection insurance worldwide has selected Barrie & Hibbert for Solvency II.

ARAG, the largest family-owned insurance company in Germany and one of the two largest providers for legal protection insurance worldwide has selected Barrie & Hibbert for its internal model for market risk, and for quantifying strategic asset allocation opportunities in a Solvency II environment.

Internationally recognised as an independent partner for justice and protection, ARAG offers a broad range of insurance products in Germany and is Europe’s largest sports insurer. Customised legal protection is sold in 13 European markets and also the United States.

Wolfgang Mathmann, Head of Group Risk Management commented, “A number of factors convinced ARAG that Barrie & Hibbert has the right solution for our business. Apart from the company’s track record and reputation as the market leader in this area, we were particularly impressed by the dependency structure. The calibrations offered by Barrie & Hibbert extend across all economies in which ARAG has investments, so this too was an important selling point for us.”

Thomas Gleixner, Regional Manager CEE added, “We are delighted to be working with ARAG and welcome them as a new member of our German client group. ARAG’s commitment to enhancing its asset and liability modelling capabilities is evident. Barrie & Hibbert’s highly sophisticated models and calibrations are ideal to complement the company’s effort in this area. At a time of high market volatility, insurers need realistic projections to manage their risk, whether they have partial or full internal models. In the run up to Solvency II and beyond, Barrie & Hibbert’s solutions will be instrumental in helping insurers manage that risk.”

Notes for editors

The ARAG Group

The ARAG Group is the largest family-owned company in the German insurance industry. As a versatile quality insurer with a focus on legal insurance, ARAG relies on a segment mix that is entirely in line with its historical background and expertise. The basis is provided by highly productive subsidiaries in the German composite, health and life insurance business as well as ARAG’s international subsidiaries and affiliates in 12 other European countries and the USA – many of which hold leading positions in their respective legal insurance markets. With nearly 3,500 employees, the Group earns revenues and premiums of nearly € 1.5 billion.

For further information visit: http://www.arag.com

Barrie & Hibbert launch new tool to support drawdown review

2011-08-30T13:31:53Z

Market volatility, low interest rates and increased longevity are impacting drawdown income levels. Barrie & Hibbert’s new Drawdown Review Analyser helps advisors present the options to retirement customers, and deliver a valued and efficient drawdown review service.

Barrie & Hibbert develop new solution to support retirement planning

2011-08-29T13:34:30Z

Barrie & Hibbert have developed a financial planning solution designed specifically to help advisors and investors build sustainable retirement income plans. The tool helps users assess the different product and investment options, to understand how these can best be used to meet client needs and manage risk.

Read a recent review by Mark Loosmore of AT8 consulting

AVIVA launch Time to Act pension planning app

2011-08-25T13:34:34Z

AVIVA have recently deployed their Time to Act planning tool via an iPhone app to make pensions planning simpler and more accessible. The tool embeds Barrie & Hibbert’s Wealth Scenario Generator stochastic projection, enabling customers to see how income the plan may generate in future, and to assess whether their pension savings plan remains on track.

See how B&H solutions can enhance your own pension proposition

Länsförsäkringar Appoints Barrie & Hibbert To Supply Its ESG For Solvency II Modelling

2011-07-14T15:14:48Z

Länsförsäkringar, which is the largest non-life insurance and fourth largest life insurance group in Sweden, has selected Barrie & Hibbert’s Economic Scenario Generator (ESG) to be used within Länsförsäkringar’s Solvency II Internal Model. The Länsförsäkringar group includes 23 local mutual non-life insurance companies which cover all parts of Sweden, a life insurance company, a bank and a real estate agent company. Länsförsäkringar provides products and services to more than 3.3 million customers. Barrie & Hibbert’s ESG will be used in the Solvency II internal model of Länsförsäkringar Life and Länsförsäkringar Non-life.

Jakob Carlsson, Chief Financial Officer of Länsförsäkringar Life: “Länsförsäkringar Life has high ambitions for its Solvency II Internal Model which will be at the centre of our business decision making process. We believe our model will give us a competitive advantage since it strengthens risk management and enables more efficient use of capital. The Barrie & Hibbert ESG provides best practice models for financial markets, and will help us achieve our goal.”

Viktor Knava, Regional Manager – EMEA of Barrie & Hibbert, adds: ‘This partnership further demonstrates the commitment of our team to the Nordic market. We will be working very closely with Länsförsäkringar to ensure they meet their business objectives through the implementation of Solvency II.’

Editor's Notes:

The Länsförsäkringar Alliance is unique in the Swedish bank and insurance market. The 23 customer-owned regional insurance companies cooperate, thereby combining the ability of a small company to adapt to its customers with the strength of a large company.
The company’s task is to offer total solutions based on different combinations of non-life insurance, accident and medical insurance, life assurance, pension saving plans, fund savings and various banking services.

Vital Forsikring ASA sign up for Barrie & Hibbert’s ESG

2011-07-05T08:55:54Z

Vital Forsikring ASA, the largest life and pensions provider in Norway has selected Barrie & Hibbert to provide their Economic Scenario Generator (ESG) for use within Vital’s Solvency II Internal Model, for both balance sheet and capital calculation purposes.

A subsidiary of the DnB NOR Group, Vital Forsikring provides life and pension insurance products to more than 1 million individual customers and covers the insurance requirements of more than 20,000 corporate clients. Vital Forsikring ASA’s sister general insurance company DnB NOR Skadeforsikring will also be using Barrie & Hibbert’s ESG.

Egil Heilund, Chief Actuary at Vital Forsikring, comments: “We look forward to a long and mutually beneficial working relationship with Barrie & Hibbert. Their economic scenario generator has a wide choice of models, and will become a key element in our asset and liability modelling. During the evaluation process we appreciated their efficient, user-friendly scenario generator and the comprehensive and transparent model documentation. We ultimately chose Barrie & Hibbert because of their strong reputation and proven track record for the life insurance industry.”

Viktor Knava, Regional Manager–EMEA from Barrie & Hibbert adds: ‘We are delighted with the decision of Vital Forsikring to use Barrie & Hibbert as their economic scenario generator (ESG) provider. This win further strengthens our presence among life and pension providers in Norway and we look forward to supporting Vital Forsikring on all their MC and RW modelling needs and to demonstrating our ability to support all aspects of their Solvency II Internal Model ESG requirements.”

Editors Notes:

Vital Forsikring develops, sells and provides insurance and savings products to companies, public enterprises, local authorities, associations and individual clients.

Barrie & Hibbert claims Risk Management Award

2011-06-16T13:46:04Z

Barrie & Hibbert has been awarded the title of Best Risk Management Agent by Financial News Awards for Excellence in Investor Service, Europe 2011

Already well known in the insurance industry, risk modelling solutions provider Barrie & Hibbert is making waves in the UK and European pensions and asset management market. The company impressed the judges of the Financial News Awards for Excellence in Investor Service, Europe 2011 for it to win the title of Best Risk Management Agent.

A panel made up of distinguished industry practitioners voted on the nominees in each category on the basis of which firms within European operations, had in their view achieved the greatest success in their sector over the past year.

Among those shortlisted for the award were: FinAnalytica; Mercer Investment Consulting; Ortec Finance; and Redington. However, having secured an average score of 4.1 out of a possible 5 marks – 0.6 marks higher than runner-up Redington – Barrie & Hibbert claimed the title.*

According to Andrew Barrie, founding director of Barrie & Hibbert, pension funds and asset managers are changing their focus and adopting a new and more sophisticated risk management approach. “At one time,” says Barrie, “the short-term focus was on performance against benchmarks, but now attention is turning to issues concerning balance sheet risk, instruments for managing risk and hedging, buyouts and enhanced transfer values. The pensions sector has had to move quite quickly towards having the right models to answer those questions.

“One of the biggest challenges for the asset management industry is how smaller institutions can gain the advice and risk management expertise that the bigger companies can afford. For that reason, Barrie & Hibbert is extending its partnerships with other organisations to help support pension funds and smaller firms”.

* Full details of the awards can be found at:http://www.efinancialnewsevents.com/award/isawards2011/

Suravenir sign Barrie & Hibbert

2011-06-16T08:38:17Z

Suravenir, a subsidiary of Crédit Mutuel Arkéa and Crédit Mutuel Loire-Atlantique and Centre-Ouest has selected Barrie & Hibbert to provide their ESG (Economic Scenario Generator) in preparation for Solvency II compliance.

One of the largest life insurance and pension providers in France with over 1.5 million contracts, Suravenir has selected Barrie & Hibbert because of the company’s reputation as market leaders in the area of economic scenario generation.

With the European Union's Solvency II capital adequacy standard for insurers set to be adopted by the end of 2012, Barrie & Hibbert, which has one of the largest teams in the world committed to the development and delivery of the best stochastic models and calibration, will work closely with Suravenir to ensure the relevant processes are integrated.

Lionel Bouquet, Technical Director at Suravenir, comments: ‘The high level of expertise and the transparency of the Barrie & Hibbert solutions have been very important in our decision. We decided to go with Barrie & Hibbert as we knew they are market leaders in this area and we could benefit from their expertise.’

Alexis Bailly from Barrie & Hibbert adds: ‘We are very delighted with the decision of Suravenir which further strengthens our presence among regional insurers in France and we look forward to supporting them on all their stochastic modeling requirements.’

French version of this press release

Editors Notes:

Suravenir which has over 250 employees specialises in the design, manufacture and management of contracts of life insurance and pension.

Suravenir signe un contrat avec Barrie & Hibbert

2011-06-16T08:37:17Z

Suravenir, filiale du Crédit Mutuel Arkéa et du Crédit Mutuel Loire-Atlantique et Centre-Ouest, a choisi le GSE (Générateur de scénarios économiques) de Barrie & Hibbert en vue de la réglementation Solvabilité II.

L’un des principaux intervenants de l’assurance-vie et de la prévoyance en France avec plus de 1,3 million de contrats en assurance-vie et 1,9 million de contrats en prévoyance, Suravenir a choisi Barrie & Hibbert en raison de la renommée de la société en tant que leader du marché dans le domaine de la génération de scénarios économiques.

Avec l’adoption par l'Union européenne des futures standards d’adéquation des fonds propres pour les assureurs d'ici fin 2012 dans le cadre de Solvabilité II, Barrie & Hibbert, qui possède une des plus grandes équipes au monde engagées dans le développement des meilleurs modèles stochastiques et prestations de services de calibrages, travaillera en étroite collaboration avec Suravenir pour assurer l’intégration des processus correspondants.

Lionel Bouquet, directeur technique chez Suravenir, commente: «Le haut niveau d'expertise et la transparence des solutions de Barrie & Hibbert ont été très importants dans notre décision. Nous avons décidé de nous orienter vers Barrie & Hibbert car nous savions qu'ils sont leaders du marché dans ce domaine et que nous pouvons bénéficier de leur expertise."

Alexis Bailly de Barrie & Hibbert ajoute: «Nous sommes très heureux de la décision de Suravenir qui renforce davantage notre présence en France auprès des assureurs régionaux et nous sommes impatients de les accompagner dans leurs différents besoins de modélisation stochastique.

English version of this press release

Notes de l’éditeur :

Suravenir qui a plus de 250 salariés, est spécialisé dans la conception, la fabrication et la gestion des contrats d'assurance vie et de prévoyance.

MACIF to take Barrie & Hibbert’s ESG

2011-06-02T13:50:36Z

Barrie & Hibbert has confirmed that they will be supplying French mutual insurance company MACIF with an Economic Scenario Generator (ESG) for use in both their non-life and life insurance products.

Barrie & Hibbert has confirmed that they will be supplying French mutual insurance company MACIF with an Economic Scenario Generator (ESG) for use in both their non-life and life insurance products.
MACIF, which is one of the largest non-life insurance providers in France and the leader in car and home insurance, will use the ESG in asset liability management as well as addressing Solvency II compliance.
MACIF has 541 branches and 43 call centres throughout France and looks after almost 5 million policyholders.

Bruno Ludwig, Risk Manager at MACIF: “The flexibility of Barrie & Hibbert’s ESG and its capability to model both market-consistent and real-world scenarios were key criteria in our decision. Their unique single platform enables us to maintain economic consistency between the scenarios used for our different applications.”

Regional Manager for Barrie & Hibbert, France, Alexis Bailly said “We are delighted by MACIF’s decision to use Barrie & Hibbert’s ESG. This reinforces further our presence in the French mutual insurance market and is also a sign of the need for more precise modelling solutions in the mutual insurance sector.”
Barrie & Hibbert continue to build their European team to further strengthen their position as global leaders in risk modelling.

Further information:
MACIF is one of France’s foremost insurance companies and is the leader in car insurance; home insurance; boat and yacht insurance.
MACIF has about 9000 staff across 541 branches and 43 call centres.
MACIF currently has more than 5 million policyholders of which 4.8 million are members and manages more than 16.9 million contracts.

French version of this press release

Barrie & Hibbert signe un contrat avec la MACIF

2011-06-02T13:49:22Z

Barrie & Hibbert a confirmé l’acquisition par la MACIF de leur générateur de scénarios économiques (GSE) pour la modélisation des portefeuilles d’assurances vie et non-vie.

Barrie & Hibbert a confirmé l’acquisition par la MACIF de leur générateur de scénarios économiques (GSE) pour la modélisation des portefeuilles d’assurances vie et non-vie.
La MACIF est l’un des principaux assureurs non-vie en France et se positionne comme le 1er assureur automobile et habitation. Le générateur de scénarios sera utilisé à la fois pour les pilotages actif-passif mais également pour satisfaire les exigences des futures normes Solvabilité 2.

MACIF dispose de 541 agences et 43 centres d'appels à travers la France et offre une couverture à près de 5 millions d'assurés.

Bruno Ludwig, Risk Manager à la MACIF: “La flexibilité du GSE de Barrie & Hibbert et sa capacité à modéliser aussi bien les scénarios Market Consistent que les scénarios en monde réel ont été des critères déterminants dans notre décision. La modélisation au sein d’une plateforme unique nous permet de maintenir une cohérence économique entre les scénarios utilisés pour nos différentes applications. ”

Directeur régional de Barrie & Hibbert pour la France, Alexis Bailly déclare: «Nous sommes ravis par la décision de la MACIF d’utiliser le GSE de Barrie & Hibbert. Ce choix renforce encore plus notre présence sur le marché français et indique le besoin d’une modélisation encore plus précise dans le secteur de l'assurance mutuelle. "

Barrie & Hibbert continue à investir sur le marché européen pour renforcer leur position de leader mondial de la modélisation des risques.

English version of this press release
Notes aux rédacteurs

La MACIF est une société d'assurance de premier plan en France et détient une position de leader en assurance auto, assurance habitation, assurance bateau et yachts.

La MACIF emploie environ 9000 personnes et dispose de 541 agences et 43 centres d'appels.

La MACIF compte actuellement plus de 5 millions de clients dont 4,8 millions de sociétaires, pour 16,9 millions de contrats gérés.

Great Eastern Life Sign Up for Barrie & Hibberts ESG

2011-04-19T08:52:34Z

The largest insurance group in Singapore and Malaysia, Great Eastern Life opts for the Barrie & Hibbert ESG.

The largest insurance group in Singapore and Malaysia, Great Eastern Life, has chosen Barrie & Hibbert as their economic scenario generator (ESG) provider. The insurance giant opted for the bespoke model after a lengthy consultation process with the team at Barrie & Hibbert, who provide financial risk modeling solutions for companies across the world. Great Eastern Life, which currently has 3.8 million policy holders in Malaysia and Singapore, opted for Barrie & Hibbert’s ESG when it became clear that they could provide credible calibrations and an extensive choice of models required by the company for its financial modeling work.

A spokesperson from Great Eastern Life commented, "We recognise the benefits that a quality ESG brings to the financial management of our business. We were looking for an ESG with a wide choice of models, including the ability to support market consistent valuation, comprehensive and transparent documentation of methodologies and one which comes with good client service and support. We selected Barrie & Hibbert after taking into consideration its track record as well as the fact that its ESG is used by many global insurers and consulting firms."

Shailendra Jain, Regional Head of EMEA and APAC: “Great Eastern Life’s decision to license Barrie and Hibbert’s ESG reflects a growing confidence of local insurers in our ability to deliver region-specific modeling and calibration capabilities. We are delighted to be working with Great Eastern Life. Barrie & Hibbert has been able to create the best solutions for their needs, and we have ensured that their team is completely comfortable with our products and services. There are several areas of their business that will benefit from the Barrie & Hibbert models and we look forward to a long and mutually beneficial partnership with the company.”