Support of "Solvency II" in IFA system for Aegon

Date: 
27/03/2018

We have added new features to the Internal Funds Administration (IFA) system in line with the European directive "Solvency II". The Aegon insurance company hereby adjusts its information system to the legislastion that aims to unify a single EU insurance market and enhance consumer protection. This regulation has 3 main areas: 1) Quantitative requirements, such as valuation of assets and liabilities, technical provisions, etc.; 2) Qualitative requirements for the governance, risk management and effective supervision of insurers; 3) Market disclosure, transparency and reporting requirements.