Dutch insurance company Aegon has signed an agreement with IBM for the maintenance and management of its own life policies. IBM`s products and services covered by this agreement are: What is this agreement? Which contains these agreements for products and services With this agreement Political Information The insurance company said that the agreement aims to further improve the service for about 800,000 digital customers. IBM`s Professional Services will manage Aegon`s ongoing life insurance until the last life insurance in the portfolio expires in 2066. Aegon, Dutch life insurance director Sibylla Bantema, said: „We want cost-effective management of our individual life insurance and employability contracts for our Leeuwarden employees, who will move to IBM as part of this agreement.“ For commonwealth non-corporate entities already used by IBM, this agreement covers your existing software and hardware contracts. Current service contracts will be transferred to the agreement on a date agreed by the Commonwealth and IBM. Contact us if you have any questions about using IBM products or services. „The IBM Open Insurance Platform allows insurers to reduce their expenses to a new level of flexibility and savings, while giving them the tools and skills to serve their customers.“ IBM`s open insurance platform will be created on the basis of msg. Life Factory life insurance system, part of msg. Insurance Suite and offers IBM service- cloud security and scalability-based pricing, as well as connections to IBM and third-party APIs. IBM Services will manage Aegon`s current life insurance until the last life insurance in the portfolio expires in 2066. (Credit: IBM.) Aegon`s life insurance is migrated to IBM`s open insurance platform to digitize insurance management.
The company intends to modernize its policing and maintain long-term customer service and reduce policy management costs for the remainder of the contract by outsourcing administration to IBM. As part of the partnership, Aegon`s life insurance policies are migrated to IBM`s open insurance platform to digitize insurance management, from customer contact to financial accounts, on an advanced it platform hosted in IBM`s public cloud.