Director, Insurance Product Management Team
Stephen has many years of experience working with scenario generators and stochastic modeling, including calibration, development, and support. Since 2010, Stephen has led the development of the B&H Economic Scenario Generator (ESG) product suite. Stephen has also spent three years leading the delivery of the ESG calibration services, technical support, and training.
Stephen joined Barrie & Hibbert in 2007 before the company was acquired by Moody's Analytics. Prior to that, Stephen had roles that covered capital markets, life insurance, and auditing. Stephen graduated from Heriot-Watt University in 2002 with a BSc in Actuarial Mathematics and qualified as an actuary in 2006.
This article delves into some of the arguments for and against the decision to build Economic Scenario Generators (ESGs) in house by reviewing the steps required for implementation and highlighting key challenges and considerations for insurers.