Barrie & Hibbert to provide Solvency II support to Suravenir

- By Tracey Jones
- @insurancetracey
- 20 Jun 2011
- Indicative reading time: 1 minute

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Barrie & Hibbert is to provide the Economic Scenario Generator (ESG) of French life and pensions provider Suravenir in preparation for Solvency II compliance.

Barrie & Hibbert will work closely with Suravenir, a subsidiary of Crédit Mutual Arkéa and Crédit Mutual Loire-Atlantique and Centre-Ouest to ensure the relevant processes are integrated ahead of the 2012 deadline set for the European Union's Solvency II capital adequacy standard for insurers.

Lionel Bouquet, technical director, Suravenir, said: "The high level of expertise and the transparency of the Barrie & Hibbert solutions have been very important in our decision. We decided to go with Barrie & Hibbert as we knew they are market leaders in this area and we could benefit from their expertise."

Alexis Bailly, Barrie & Hibbert, said: "We are very delighted with the decision of Suravenir which further strengthens our presence among regional insurers in France and we look forward to supporting them on all their stochastic modelling requirements."

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