HCL signs a five-year contract with Aegon

The country's third largest software services firm HCL Technologies has signed a new five-year contract with multinational life insurance, pensions and asset management company Aegon.

As part of the deal, HCL will establish and manage a new multi-vendor ecosystem at Aegon and will help in reducing the company's time to market and introducing greater efficiencies through improved application lifecycle management and automation.

“Our business strategy is centered on digital-first, which is paramount to our ability to drive service innovation, attract new customers and to drive efficiencies,” said Anke Schlichting, CTO at Aegon. “As a result, it’s crucial that we continue to accelerate time to market and have a vendor ecosystem that gives us access to the best capabilities the industry has to offer."

Headquartered in The Hague, Netherlands, Aegon serves nearly 29 million customers and employs over 28,000 people worldwide. HCL has been a strategic IT services partner to Aegon Netherlands since 2004.

During that time, it has delivered application services, partnered in transforming Aegon’s data and analytics capabilities, and helped the insurer to achieve digital leadership through a joint cXstudio, which fosters co-innovation. Aegon wants to build digital at scale to improve customer self service and extend its leadership position.

“We’re looking forward to continuing our support for Aegon on its successful digital leadership journey,” said Sudip Lahiri, SVP and Head of Financial Services, Europe at HCL Technologies. “Aegon was one of HCL’s first major customers in continental Europe and we are especially proud of what we’ve accomplished to date. Our relationship with Aegon really demonstrates the scale of the success that can be achieved through a true partnership approach, where both parties have invested heavily in a culture of co-innovation and collaboration.”