Just Retirement sign deal to take Barrie & Hibbert’s ESG
Last updated 19th July 2011 - Barrie & Hibbert has announced it will supply an Economic Scenario Generator to award winning retirement services company Just Retirement.
Barrie & Hibbert has announced it will supply an Economic Scenario Generator to award winning retirement services company Just Retirement.
Just Retirement chose Barrie & Hibbert for its ESG after an extensive trial period and comparisons with other stochastic models. Just Retirement will use the product to enhance quantitative risk management capabilities and to contribute towards compliance with Solvency II. The UK company has assets under management of approximately £2.9bn, and focuses on enhanced annuities and equity release.
Shayne Deighton, Risk & Actuarial Director for Just Retirement comments: “There were several reasons why we chose Barrie & Hibbert. Their product offered the best fit with our wider modeling architecture, backed up with strong research activity and documentation. This will have a positive impact on the ongoing strengthening of our risk management framework.”
Arturo Rodriguez is Client Services Manager for Barrie & Hibbert, and was involved in the trial and contract. He comments “Our team worked with Just Retirement to supply a platform which was robust and easy to use. Barrie & Hibbert has been able to supply a model which was stronger than our competitors and fitted well with the client’s requirements.”
