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BWise Enterprise Risk Management in AEGON

Published 12 August 2010 | By BWise

AEGON is one of the world's largest life insurance and pension companies, and a strong provider of investment products. AEGON empowers local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation.

With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 30,000 people worldwide. AEGON's businesses serve millions of customers in over twenty markets throughout the Americas, Europe, and Asia, with major operations in the US, the Netherlands and the UK. Respect, quality, transparency and trust constitute AEGON's core values as the company continually strives to meet the expectations of customers, shareholders, employees and business partners. AEGON is driven to deliver new thinking with the ambition to be the best in the industry.

The challenge – compliance and operational risk

  • Comply with Sarbanes-Oxley (SOX) and be prepared for Solvency II
  • Provide input for well-defined capital and performance measurement
  • Realise operational excellence in critical (business) processes
  • Maximise opportunities to achieve business objectives with a pro-active and structured approach for risk identification
  • Influence employee behavior and embed reinforcement mechanisms and incentives to romote risk awareness
  • Meet and exceed expectations of external stakeholders, such as rating agencies, investors and regulators

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