Vital Forsikring ASA sign up for Barrie & Hibbert’s ESG
Last updated 5th July 2011 - 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.
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.
