The transfer of a public investment account to an Isa, which is expected to last two days in accordance with the service level agreement, is expected to take an additional 11 days, Aegon warned. DEN HAAG, Netherlands and LEEUWARDEN, Netherlands, June 3, 2020/PRNewswire/ — IBM (NYSE:IBM) announces that it has entered into an agreement with Aegon, The Netherlands, for the maintenance and management of its individual life insurance. The goal is to further digitally improve the service for around 800,000 customers. The revenue withdrawals, which according to the consultant`s service contract are expected to last two days, Aegon currently warns, could now last another six days. Patrick van den Bos, Insurance Leader at IBM Netherlands: « With Aegon as our first act, we are creating an attractive offer for life insurers who want continuity in the management of their low-cost life insurance per insurance policy. Ibm Open Insurance Platform offers insurers the opportunity to reduce expenses to a new level of flexibility and savings, while providing them with the tools and skills to serve their customers. This was the third step in Cofunds` integration with Aegon, with the Portfolio Service investor and institutional service updated in December and March respectively. For example, Aegon said a transfer authority, which was to last two days under the consultant`s service level agreement, is currently expected to last another six days. – Outsourcing followed by extension options to help Aegon modernize policy management and achieve long-term customer service One month after consultants using Cofunds were transferred to Aegon`s platform, a spokesperson for the provider admitted that due to the high demand for supermarket funds, repercussions on internal processing times were seen, meaning that the deadlines indicated in the service agreements were not met. AegonAlexander Kuipers +31 6 11 33 36 19akuipers@aegon.nl Ibm Open Insurance Platform is based on msg. Life Factory nuclear insurance system, the part of msg.

Insurance suite. Ibm Open Insurance Platform should also be available to other Dutch insurance companies. The platform will provide the same functionality as the Aegon platform, including IBM`s service-based pricing, security, and scalability as well as connections to IBM`s APIs and third-party participants. . . .