Barrie & Hibbert, one of the leading providers of financial risk management tools and consultancy, today announced that it has been appointed by Nan Shan Life Insurance Co. Limited of Taiwan to provide its Economic Scenario Generator ("ESG").
As market volatility and complexity increases, it has never been more important for financial services companies to be using the most robust risk management tools available. Nan Shan will use Barrie & Hibbert's ESG to perform various tasks related to ALM, strategic asset allocation and other value-added risk management functions within the organization.
Already used by over two-thirds of the top global insurers, the Barrie & Hibbert ESG is also increasingly being employed by leading Asian insurance, asset management and pensions companies.
Shailendra Jain, Barrie & Hibbert's Regional Head of APAC, said: "We are delighted that Nan Shan has chosen our ESG to improve its ALM, investment and risk management capabilities. This is a reflection on our commitment to Asia and our ever expanding library of Asia specific research and product delivery. We look forward to building on this relationship and serving other insurers in Taiwan and across Asia Pacific."