Life Factory life insurance system, part of msg. Insurance Suite and offers IBM service- cloud security and scalability-based pricing, as well as connections to IBM and third-party APIs. “The IBM Open Insurance Platform allows insurers to reduce their expenses to a new level of flexibility and savings, while giving them the tools and skills to serve their customers.” As part of the partnership, Aegon`s life insurance policies are migrated to IBM`s open insurance platform to digitize insurance management, from customer contact to financial accounts, on an advanced it platform hosted in IBM`s public cloud. Aegon`s life insurance is migrated to IBM`s open insurance platform to digitize insurance management. The company intends to modernize its policy management and maintain long-term customer service and reduce policy management costs for the remainder of the contract by outsourcing the administration to IBM.