Netherlands-based AEGON is one of the world's largest providers of life insurance, pensions and asset management services. AEGON helps individuals around the world save for their retirements and provides a wide variety of savings and retirement products.
With a reach into 20 markets and 40 million customers in Asia, Europe and North America, AEGON provides fixed annuities variable annuities, retail mutual funds and life insurance through a diverse range of channels that include brokers, agents, banks, independent financial advisors, direct marketing and online. The company is listed in Amsterdam, London and New York.
Product categories include:
1) Life & Protection: AEGON offers a broad range of traditional, term, universal, permanent life insurance, as well as individual and group financial protection, including accident and health coverage.
2) Individual Savings & Retirement Products: AEGON offers variable annuities and retail mutual funds.
3) Pensions & Asset Management: AEGON oversees various pension plans around the world.
4) Institutional Products: AEGON provide institutional guaranteed products such as guaranteed investment contracts and funding agreements, as well as management, administration and risk services for off-balance sheet items and bank- and corporate-owned life insurance.
5) Life Reinsurance
| General Information |
|---|
| Website | http://www.aegon.com |
| Type | Insurance Company |
| Founded | 1844 |
| Ownership | Public |
| Country | Netherlands |
Information & Articles about AEGON
The Dutch insurance and financial services giant Aegon appears to be rethinking its U.S. based variable annuity business.
It is reported that Aegon is making a move to apply a macro equity hedge to its in-force variable annuity contracts.
The company is also considering the sale of its life reinsurance business, Transamerica Re.
During a recent presentation, Aegon company executives discussed the company's desire to move away from spread-based products, and move towards fee-based products such as 401k and 403b savings vehicles.
The company will also place an increased focus on dominating the worksite marketing channels in the United States, as well as certain foreign markets such as Eastern Europe, Central Europe, Asia and Latin America.
Clearly the company is positioning itself in light of what it considers to be profitable growth opportunities on a longer-term basis.
Source: National Underwriter
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One of the world's largest financial services companies, Aegon, has released a "manifesto" that provides a blueprint for dealing with the longevity crisis in the United Kingdom.
Aegon published its pension manifesto this week under the title: "The Pension Crunch: proposals for change."
The company is calling on the British government to effectively acknowledge and deal with the financial threats posed by increasing longevity and inadequate pension funding for that longevity risk.
Source: Aegon
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