Bringing you live news and features since 2006 

Aegon Ireland chooses SAS for risk management

RELATED TOPICS​

With Solvency II deadlines fast approaching, Aegon Ireland has chosen data management and reporting technology from SAS UK & Ireland to satisfy regulatory requirements and provide insights from data.

Aegon Ireland, part of the Aegon Group, has provided offshore investment solutions since 2002 and currently manages assets of over GBP4 billion for its 20,000 customers across the UK, Germany and France. Like many financial services organisations, it needs to comply with the Solvency II Directive that requires insurers to demonstrate they have enough capital to remain solvent and have effective risk management systems in place. While faced with an array of requirements under Solvency II, it is also an opportunity for insurers to invest in staff and technology with a long-term strategy that brings benefits to the business over and above compliance.
 
Tadhg Clandillon, director of reporting for Aegon Ireland, says: “We want to improve the processes employed right through the data life cycle – from source to report – so that we can provide reporting data more cost effectively whilst retaining robust standards that are transparent to all stakeholders. Opting to work with SAS on this project was a decision made easier by their ability to track data all the way from start to finish, report on that data in the standard formats and give us the ability to investigate our data to support business decisions.”
 
John Farrelly, SAS regional director, says: “We're delighted Aegon Ireland has decided to use SAS to improve the financial reporting process. Being able to trust the data you are reporting on is critical to any business, especially when you have regulatory stakeholders. In the information economy it’s crucial that businesses like Aegon Ireland are able to properly collect and analyse data that will help with new regulations and compliance while improving risk management decisions across the business.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by