Life insurance provider Aegon announced the appointment of Astrid Jäkel as chief risk officer, effective March 1, 2022. Jäkel will also serve as a member of the company’s management board.

Her responsibilities will include managing Aegon’s group risk and actuarial functions, along with maintaining the group’s risk management framework and overseeing risk management capabilities.

She joins Aegon from the international management consultancy firm Oliver Wyman, where she has been a partner in the European Insurance and Asset Management practice, co-leader of the European Insurance Financial Effectiveness team, and member of the board of Oliver Wyman’s Swiss subsidiary.

Her consulting work has focused on high-impact risk, capital, asset liability, and investment management topics. For 20 years, Jäkel has worked with leading European and global insurers on a broad range of projects to help transform and optimize their risk, finance, and investment capabilities. This includes the management of market, credit, insurance, and nonfinancial risks.

Aegon’s previous chief risk officer, Allegra van Hövell-Patrizi, was appointed CEO of Aegon the Netherlands in June 2021.