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Barrie & Hibbert win Best Economic Scenario Generator (ESG) award for third time

For the third time, Barrie & Hibbert has claimed the award for Best ESG 2012 in Insurance Risk magazine’s awards.

On receiving the award Andy Frepp, Chief Executive, stated, “We are delighted to win this award. The market for sophisticated, and easy to use risk management solutions has become increasingly competitive and to receive such an accolade confirms that the Barrie & Hibbert ESG together with our approach to its ongoing development aligns very well with the needs of insurers for speed, efficiency and reliable methodologies to help them meet regulatory and market challenges.”

On speaking about the judging process, Michael Faulkner, Editor of Insurance Risk stated, “Clients and those who know Barrie & Hibbert praised the “state of the art” models, particularly interest rate and equity models, as well as the quality of the documentation and log files. The flexibility to reflect in-house views where appropriate and the flexibility to run both on a market-consistent and a real-world basis were also highlighted by the firm’s customers.” Faulkner also added, “The quality of the customer support was also highly rated by clients.”