What is AIG? AIG Review, Features

AIG is a leading global insurance organization with operations in more than 80 countries and territories. We offer a broad range of property and casualty insurance, life insurance, retirement solutions and other financial services to support our clients' businesses and lives through our general insurance, life and retirement and investment business units.

Serve

1. Individual

• Personal and family investments

Whether you’re in the early stages of saving or already retired, our professionally managed investment services can ensure you and your family are taken care of throughout your life.

• Annuity

These long-term solutions can help you save for retirement. We offer you the opportunity to grow your assets over time and receive a lifetime income when you are ready to retire.

• Mutual Funds

Learn how our professionally managed investment portfolios can help you achieve your financial goals.

• Structured settlements

These solutions can provide security for personal injury victims and their families. Discover opportunities for guaranteed income and tax-free payment streams.

• AIG Retirement Services

Explore our financial services and retirement planning options. As a leading provider of employer-sponsored retirement plans, we offer flexible products and programs to assist nearly 2 million nonprofit employees.

• AIG Home Loans

Access important information about your mortgage. Borrowers and co-borrowers can log in securely to view loan information at your convenience.

2. Business

• aerospace

We provide insurance solutions and services to help minimize risk and maximize aircraft safety.

• put up

We have extensive experience in the construction industry as well as risk management and claims support, and can help your business understand and reduce the cost of risk.

• Education and public entities

We provide customized insurance and risk management support to your organization. Our team is experts in the risks facing educational institutions and public entities.

• energy

We have energy industry experience in underwriting, claims and risk services to help your business better understand and reduce the cost of risk.

• Health Care

We provide insurance solutions, leading patient safety consulting services, and expert claims processing for your healthcare company.

• Hospitality and leisure

We offer flexible and comprehensive solutions to help protect your hotel or hospitality and leisure business from risk.

• ocean

We offer flexible marine insurance plans for your company. Our coverage includes cargo insurance, rig insurance and more.

• Financial institutions

We provide tailored insurance and risk solutions for your financial services firm, including world-class claims support and advanced risk engineering.

• technology

As a global leader in technology insurance, we offer customizable solutions, such as cyber insurance, to meet your company’s unique needs.

• transportation

We provide your company with comprehensive shipping insurance and value-added services to help minimize losses.

Advantages

1. Excellent risk management;

2. Good credit;

3. Global services;

4. Fast claims settlement;

5. Comprehensive insurance coverage.

Corporate Culture

The diversity of our workforce is one of AIG’s greatest assets and a source of great pride for AIG. Through our colleagues at AIG, we learn how to better understand our clients, increase innovation, and reduce risk. Therefore, as we build the AIG of the future, AIG will continue to be committed to fostering an inclusive culture designed to attract, develop, and retain diverse talent.

Company History

-In 1919, Cornelius Vander Starr founded the Asian American Underwriters (AAU), a general insurance company in Shanghai, China.

-Nelle Vander Starr (center) joined the company's early operations in Shanghai, China, in 1923 and later became its first female executive.

-In 1926, the first U.S. office, American International Underwriters (AIU), was established in New York City.

-In 1937, the first Latin American market operation opened in Cuba.

-In 1939, the company's headquarters moved from Shanghai, China to New York.

-In 1946, shortly after World War II, CV Starr opened offices in Japan and Germany to provide insurance to the U.S. military.

-In 1948, the United States provided nearly $13 billion (over $100 billion today) in economic support to a dozen European countries still recovering from the war through the Marshall Plan from 1948 to 1952. CV Starr was an early and strong supporter of the Marshall Plan, and the company played a role by providing insurance for major infrastructure projects in Germany, Greece, and Turkey.

-In 1951, the company established its first Middle East business unit in Lebanon.

-In 1952, the acquisition of general insurance companies Globe and Rutgers Insurance Group, including the American Home brand, expanded the company's presence in the domestic market.

-In 1953, an office was established in the United Kingdom.

-In 1954, the company provided insurance for a scientific expedition to the Arctic aboard the Monte Carlo. The 11-man crew faced many challenges on their way to the top of the world, including severe storms and ice floes. Franklin Life Insurance Company (later acquired by AIG) was one of the first businesses in the United States to enter the computer age when it purchased the Universal Automatic Computer (UNIVAC). The computer performed a range of functions, including premium billing, premium accounting, dividend accounting, agency commission accounting, and reserve assessment. Experiencing phenomenal sales growth, Franklin Life Insurance Company determined that new technology was necessary to maintain demand and future growth.

-1957, opened an office in Australia.

-In 1962, AIG provided travel accident insurance for the New York Yankees' cross-country trip during the World Series.

-In 1967, American International Group (AIG) was incorporated in Delaware.

-In 1969, AIG stock began to be traded publicly.

-In 1975, following a visit by President and CEO Maurice R. Greenberg, AIG was the first U.S. insurance organization to establish direct business relations with the People's Republic of China.

-In 1976, AIG opened for business in Ireland, becoming the first wholly American-owned insurance company to be established in the country.

-In 1984, AIG began trading on the New York Stock Exchange.

-In 1992, the People's Republic of China granted AIG a license to operate life and non-life insurance businesses in Shanghai, the first foreign insurance company to be granted a license by the Chinese government in more than 40 years.

-In 1999, AIG acquired Sun America, Inc., a leading retirement and financial services company. AIG launched one of the industry's first cybersecurity insurance protection programs.

-2001, AIG acquires American General, a leading life insurance company

-In 2006, AIG acquired Travel Guard, a provider of travel insurance plans and emergency travel assistance.

-In 2008, the financial crisis hit the United States, the government provided support to AIG, and Edward M. Liddy became the chairman and CEO of AIG.

-After an earthquake off the coast of Japan in 2011 triggered a tsunami that devastated the Sendai region, AIG helped coastal communities in Japan by using innovative technology to shorten claims times and provide financial support and emergency supplies. Acquired Fuji Fire and Marine, a leading non-life insurance company in Japan.

- In 2012, AIG signed an agreement with the New Zealand Rugby Union to sponsor the All Blacks including the Maori All Blacks, All Blacks Sevens, New Zealand Women's Sevens, New Zealand Black Ferns and New Zealand Under-20 Rugby.

-In 2013, AIG launched its sponsorship of the Dublin GAA's hurdles, football, ladies and camogie teams in Ireland.

-In 2014, AIG acquired Ageas Protect, a UK provider of life protection products.

In 2015, AIG acquired Laya Healthcare, a leading health insurance provider in Ireland.

-In 2018, AIG acquired Ellipse, a specialist provider of group life risk protection in the United Kingdom. AIG acquired Validus Holdings, Ltd., a leading provider of reinsurance, primary insurance and asset management services. AIG becomes title sponsor of the Women's British Open (now the AIG Women's Open) AIG becomes title sponsor of the Women's British Open (now the AIG Women's Open)

-In 2019, AIG was named the Official Insurance Partner of the PGA of America.