Insurance outfit Aegon has announced that it is replacing its local risk systems with a single global solution from Wolters Kluwer.
Aegon has selected the OneSumX for Operational Risk to improve the effectiveness and efficiency of its operational risk management.
Following successful local implementations in the UK and within its asset management business, Aegon will use the OneSumX for Operational Risk software across more than 20 countries around the world.
The new solution will enable Aegon to automate and simplify the process of collecting, storing, analysing, tracking and reporting on information relevant to operational losses, risk and control assessments.
Charles Garthwaite, global head of operational and conduct risk at Aegon, said: “Aegon was looking for a global solution that could comprehensively manage our requirements. OneSumX helps us to further strengthen our risk management framework, providing us with a global tool to assess and manage risks across our group and ensure we deliver on our promises to our customers.”
Brian Gregory, vice president, EMEA, non-financial risk and GRC at Wolters Kluwer, added: “Wolters Kluwer is delighted that Aegon has extended its use of our market leading suite of products. We certainly look forward to continuing to work with Aegon and other clients on managing the critical parts of their increasingly sophisticated governance, risk and compliance framework.”
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