Internationally recognised as an independent partner for justice and protection, ARAG offers a broad range of insurance products in Germany and is Europeâs largest sports insurer. Customised legal protection is sold in 12 European markets and also in the United States.
Wolfgang Mathmann, Head of Group Risk Management commented, âA number of factors convinced ARAG that Barrie & Hibbert has the right solution for our business. Apart from the companyâs track record and reputation as the market leader in this area, we were particularly impressed by the dependency structure. The calibrations offered by Barrie & Hibbert extend across all economies in which ARAG has investments, so this too was an important selling point for us.â
Thomas Gleixner, Regional Manager CEE added, âWe are delighted to be working with ARAG and welcome them as a new member of our German client group. ARAGâs commitment to enhancing its asset and liability modelling capabilities is evident. Barrie & Hibbertâs highly sophisticated models and calibrations are ideal to complement the companyâs effort in this area. At a time of high market volatility, insurers need realistic projections to manage their risk, whether they have partial or full internal models. In the run up to Solvency II and beyond, Barrie & Hibbertâs solutions will be instrumental in helping insurers manage that risk.â