The new offering will combine SunGard’s iWORKS Prophet solution with Barrie & Hibbert’s new generation of economic scenario generators (ESG). It will help insurers to meet the challenges of future reporting, such as Solvency II and better manage their risk exposures.
The agreement will see SunGard’s enterprise-wide actuarial modeling system integrated with Barrie & Hibbert’s ESG that will provide mutual customers with an integrated stochastic valuation solution to help them address their technological and actuarial needs.
Marc Fakkel, head of operations for SunGard’s iWorks Prophet business unit, said: We are pleased to be working in collaboration with Barrie & Hibbert, and look forward to working and developing this relationship in the future. The combined strengths that this agreement brings will help us to meet our strategic vision and deliver greater value and efficiencies to our customers.
