Aegon embarked on a market database project to provide input in the chain of calculations contributing to management decisions
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Aegon is one of the world’s leading financial services organisations, providing life insurance, pensions and asset management.
Originating in the Netherlands in 1844, today they have operations in over 20 countries, including the USA where they are known as Transamerica.
In a volatile global economic climate, the importance of market data quality and transparency cannot be underestimated for financial services organisations.
In understanding of this – and of the impact that erroneous data can have on the pricing and valuation of insurance liabilities – Aegon embarked on a market database project to provide input in the chain of calculations that contribute to its management decisions. The project forms part of its economic framework initiative, an internal standard for asset and liability valuation and the measurement of associated risks, to enhance the company’s ability to make optimal economic decisions.
Using Alveo for the market data management portion of its larger economic framework, Aegon has achieved a high-quality infrastructure to maintain market data in the critical initial phases.