Aegon is replacing its local risk systems with one global solution. Driven by its continued commitment to maintaining the quality of its global business standards Aegon has chosen Wolters Kluwer’s OneSumX for Operational Risk to improve the effectiveness and efficiency of its operational risk management. Following successful local implementations in the U.K. and within its asset management business, Aegon will use the OneSumX for Operational Risk software across more than 20 countries around the world.

“Aegon was looking for a global solution that could comprehensively manage our requirements,” notes Charles Garthwaite, Global Head of Operational & Conduct Risk at Aegon. “OneSumX helps us to further strengthen our risk management framework, providing us with a global tool to assess and manage risks across our group and ensure we deliver on our promises to our customers.”

“Wolters Kluwer is delighted that Aegon has extended its use of our market leading suite of products,” notes Brian Gregory, Vice President, EMEA, Non-Financial Risk and GRC at Wolters Kluwer. “We certainly look forward to continuing to work with Aegon and other clients on managing the critical parts of their increasingly sophisticated governance, risk and compliance framework.”

OneSumX for Operational Risk enables organizations to meet and adapt to internal operational risk practices by automating and simplifying the process of collecting, storing, analyzing, tracking and reporting on information relevant to operational losses, risk and control assessments.