MACIF to take Barrie & Hibbert’s ESG
Last updated 19th July 2011 - 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.
