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The Actuary The magazine of the Institute & Faculty of Actuaries

Great Eastern Life opts for Barrie & Hibbert ESG

Great Eastern Life, the largest insurance group in Singapore and Malaysia with 3.8 million policyholders, has chosen Barrie & Hibbert as its economic scenario generator (ESG) provider, the firm has announced.

A spokesperson for the insurer commented, "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."

Shailendra Jain, regional head of EMEA and APAC at Barrie & Hibbert, added: "Great Eastern Life’s decision reflects a growing confidence of local insurers in our ability to deliver region-specific modelling and calibration capabilities. We look forward to a long and mutually beneficial partnership with the company."