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The Actuary The magazine of the Institute & Faculty of Actuaries

Barrie & Hibbert to supply ESG for MACIF insurance task

Barrie & Hibbert has announced a deal to supply French mutual insurance company MACIF with an economic scenario generator (ESG) for use with its non-life and life insurance products.

The firm says that MACIF, one of the largest non-life insurance providers in France and a leader in car and home insurance, will use the ESG in asset liability management as well as addressing Solvency II compliance.

"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," said Bruno Ludwig, risk manager at MACIF. "Their single platform enables us to maintain economic consistency between the scenarios used for our different applications."

Alexis Bailly, regional manager for Barrie & Hibbert, France, added, "This reinforces 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."

MACIF has 541 branches and 43 call centres throughout France and just under 5 million policyholders.