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Helping people achieve a lifetime of financial security The sharp end of corporate innovation Marc van Weede Head of Corporate Development Aegon Asset Management

The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Page 1: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

Helping people achieve a lifetime of financial security

The sharp end of corporate innovation

Marc van WeedeHead of Corporate DevelopmentAegon Asset Management

Page 2: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Customer relationships that span decadesAegon at a glance - a global financial services company

Present in over

20 countries29 million customers

>€800 billion revenue- generating

investments

€54 billion paid out in claims and

benefits

Over 26,000 employees

Page 3: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Purpose and vision drive our strategy

Financially secure and healthy lives

Secure retirement and healthy aging in society

Cleaner and healthier environment

Purpose

Helping people achieve a lifetime of financial security

Vision

Page 4: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Three key trends are shaping our environment

Increased financial uncertainty

Retreating governments and corporations

Customers demand speed and ease of use

Page 5: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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The digital revolution is changing our industry

Digital marketing/

engagement

Lifestyle-based propositions

BlockchainAutomation

Dynamic pricing

Distributed investment research

Tech-enabled loss prevention

Claims management

Alternative assets

Robo-advice

AI

Customer-facing

Core processes

InvestmentsEnablers

Page 6: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Our core - satellite - universe approach to change

Page 7: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Staying ahead of the curveSatellites – innovation initiatives at a distance

Page 8: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Venturing into the fintech universeOur Transamerica Ventures’ portfolio

Genus AI

Page 9: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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• Easy to use digital vault for estate planning

• Making it simple for loved ones to manage users’ estates

• Building relationships with users, their next-of-kin and financial advisers

Helping people prepare beyond their lifetimeCustomer engagement example

Page 10: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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• Financial planning requires expert knowledge

• NextCapital’s robo-advisor supports financial planning execution in our Transamerica Advice Center

• Integrating personal telephone-based and robo-advice

Supporting our customer base with robo-adviceAdvice and guidance example

Page 11: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Investing in core toolsMachine learning technology example

• Machine learning is key capability across the insurance value chain

• H2O.ai’s open source tools are an emerging industry standard

• Software is being applied in multiple Aegon use cases

Page 12: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Matching fintechs with our business needsInvesting in innovation

~ 80-100 commercial introductions per annum

~ 10 commercial partnerships per annum

~ 5 investments per annum

Page 13: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Competing – Cooperating – ConvergingA look into the future

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FintechsTech giants Incumbents

Page 14: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

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Competing – Cooperating – ConvergingA look into the future

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Page 15: The sharp end of corporate innovation - Aegon N.V. · Machine learning technology example • Machine learning is key capability across the insurance value chain • H2O.ai’s open

Helping people achieve a lifetime of financial security

Thank you

For more information, please contact: [email protected]