Retirement populations

 

 

 

New markets are opening up, particularly in Asia, Central & Eastern Europe and Latin America. In many of these areas, economic growth and rising levels of personal wealth have resulted in an increase in long-term demand for pensions, life insurance and investment products. In Central & Eastern Europe, reforms have led to the widespread introduction of mandatory private pensions, while in both China and India economic growth in recent years has brought greater prosperity and a rapid expansion of the urban middle class in these countries. In 2010, India's middle class is expected to exceed 500 million people[1] - more than the combined populations of AEGON's three main markets, the United States, the Netherlands and the United Kingdom.

 

Over the past several years, AEGON has expanded its international presence to capitalize on opportunities for growth in these new markets. Currently, the company has operations in six countries in Central & Eastern Europe - Hungary, the Czech Republic, Slovakia, Poland, Romania and Turkey. In addition, AEGON has businesses in both France and Spain, as well as China, India and Japan in Asia, and Mexico and Brazil in Latin America. In China, AEGON has operations in provinces across the country, giving it access to a potential market of some 450 million people.

Americas - AEGON has more than 20 million customers in the United States, as well as businesses in Canada, Mexico and Brazil.

Europe - AEGON is one of the leading providers of life insurance, pensions and long-term investments in both the Netherlands and the United Kingdom. In addition, the company has operations in Spain and France, as well as in six countries in Central & Eastern Europe.

Asia - AEGON first entered the Asian market in the early 1990s. Today, the company has joint venture operations with partners in China, India and Japan.

 

 

 

[1] Source: PriceWaterhouseCoopers: 'Entering the Indian Financial Services Market'.