Netherlands insurer Achmea has gone live on Eagle Investment Systems’s data management solution, deployed over its secure private cloud, Eagle ACCESS.
Achmea has been a BNY Mellon client since 2008. On top of being the insurer’s global custodian, the bank also provides investment accounting, fund administration and outsourcing services to Achmea.
Eagle’s enterprise data management solution was selected to help centralise all of Achmea’s investment management data and streamline its operations to create efficiencies to support Solvency II and International Financial Reporting Standards (IFRS) regulatory reporting.
Eagle’s Data Integration Services (DIS) helped Achmea go live with a timeline, offering a shortened implementation schedule using standard data integration feeds.
Additionally, Achmea has enlisted deployed services from the BNY Mellon front office services group, which is providing various data stewardship and data administration services to the firm.
Otto Veldt, director of asset management at Achmea, commented: “We are pleased with Eagle’s outsourced data management solution to address our multiple, complex needs around asset data management and are also pleased with the cooperation of Eagle and BNY Mellon during the implementation.”
Leonique van Houwelingen, BNY Mellon country executive in the Netherlands, added: “This is another important milestone in cementing the strong relationship we have had for many years with Achmea in the Netherlands.”
John Legrand, managing director and head of Europe, Middle East and Africa and APAC at Eagle, notes that European asset managers and insurers remain focused on regulatory adherence, which is driving significant investments into enterprise data management.
He commented: “Amplifying these demands are the competing challenges of obtaining the best quality operational and reference data, data centralisation, reconciliation and the ability to report data back to internal and external constituents.”
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