AIG

What AIG does

AIG (American International Group, Inc.) is a publicly traded global property and casualty insurance organization headquartered at 1271 Avenue of the Americas, New York, and listed on the NYSE under ticker AIG. The company provides commercial property, casualty, specialty risks (aviation, marine, energy, political risk, trade credit), cyber, management and professional liability, multinational solutions, and warranty products to large multinational corporations, SMEs, financial institutions, and high net worth individuals across 200+ countries and jurisdictions. AIG operates through core sub-brands including Talbot Underwriting (Lloyd's syndicates 1183 & 2019, acquired 2018), Lexington Insurance, Western World, and Glatfelter (program administrator), with a global claims organization of 4,200+ professionals in 150+ offices across 40+ countries.

AIG generates revenue primarily through insurance premiums underwritten across P&C lines, with FY2025 revenue of $26.78 billion and Q1 2026 net premiums written of $5.6 billion (up 24% year-over-year) at a 87.3% combined ratio. The company distributes through an extensive global broker and agent network, specialty program administrators and MGAs (covering 27+ niche programs), Lloyd's market access via Talbot, dedicated enterprise field sales for multinational accounts, and digital self-service via the myAIG portal. Pricing is risk-based and quote-driven, with annual billing cycles. Customer segments are organized across large multinational corporations (primary), SMEs, high net worth individuals (Private Client Select), financial institutions, and specialty niches (ski resorts, broadcasters, professional associations).

AIG has invested heavily in AI-native underwriting and claims technology, deploying AIG Assist (generative AI underwriting tool), Claims by AIG Assist, and a multi-agentic AI platform built on Palantir Foundry and Anthropic Claude. These tools have delivered measurable outcomes including a 55% reduction in time to quote for Lexington middle market property, a 40% increase in binding of submissions, and a 30% increase in quoted submissions. The company is transforming into a focused P&C insurer following the May 2026 full divestiture of Corebridge Financial and is expanding aggressively in specialty lines through the $2.1B Convex stake, $646M Onex investment, $301M Everest Group renewal rights acquisition, and pending Everest Colombia acquisition.

Name

AIG

Legal name

American International Group, Inc.

Website

https://aig.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

AIG is a global property and casualty insurance company serving multinational corporations, SMEs, financial institutions, and high net worth individuals across 200+ countries with commercial, specialty, and personal insurance products distributed through brokers, MGAs, Lloyd's, and digital platforms.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

AI/ML Engineering & Model Development Services (BPAEAHAF)

akta.pro secondary industries

AI Observability, Monitoring & Evaluation Platforms (Drift, Quality, Safety) (HDAEANAF), Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• Property casualty insurance
• Specialty risk insurance
• Management liability insurance
• Commercial insurance
• Insurance underwriting

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Property & Casualty Insurance Premiums: Core P&C insurance products including commercial property, casualty, specialty risks, marine, energy, aviation, political risk, trade credit. Revenue generated through policy premiums with net premiums written of $5.6B in Q1 2026.
2. Accident & Health Insurance: Corporate risk, special risk, travel insurance (through Zurich partnership), and virtual care services. Products distributed through employers, affinity groups, and direct channels.
3. Warranty & Service Programs: Extended service plans, warranty management for retailers and manufacturers covering consumer electronics, mobile devices, major appliances, HVAC. Handles 1.4M U.S. claims annually with operations in 120+ countries.
4. Management & Professional Liability: D&O, professional liability, employment practices liability, fiduciary liability, crime and fidelity, kidnap/ransom coverage for public and private companies, financial institutions, and professionals.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

AIG is a global property and casualty insurance organization providing commercial and specialty insurance products, including commercial property, casualty, cyber, management and professional liability, multinational solutions, accident and health, and specialty risks (aviation, marine, energy, political risk, trade credit), as well as high-net-worth personal insurance through its Private Client Group. The company distributes these products through an extensive global broker and agent network, the Lloyd's market via Talbot, program administrators, and direct enterprise field sales, supported by AI-driven underwriting (AIG Assist) and a global claims organization spanning 40+ countries.

Product overview

AIG (American International Group) is a leading global insurance organization providing a wide range of property casualty insurance and other financial services through a multi-brand, platform-plus-modules architecture. The core Risk Solutions platform serves both commercial lines (businesses) and individuals/families, with specialized sub-brands including Talbot Underwriting (Lloyd's managing agency, AIG's Centre of Excellence for Political Violence), Lexington Insurance (Excess & Surplus Lines), Western World, and Glatfelter (program administrator). Supporting platforms include myAIG Portal (broker digital access), IntelliRisk (claims management), AIG Assist (generative AI underwriting), and Claims Intelligence Series (analytics). Add-on modules like AIG Virtual Care (health services), ProfessionalEdge (tech PI/Cyber), CrisiSolution (K&R), and AIG Warranty Management extend core coverage into specialized risk areas. The company operates in more than 200 countries and jurisdictions through AIG operations, licenses, and network partners.

Differentiator

Problem solved

Functional benefit

Brands

• Talbot: Managing agency operating Lloyd's syndicates 1183 & 2019, providing specialty insurance including political violence, crisis management, energy, marine, and property coverage.
• AIG Warranty Management
• AIG Claims
• MountainGuard
• AIG Travel Guard
• AIG Financial Lines
• myAIG
• AIG Assist

Products and services

• Commercial Property Insurance Commercial property insurance coverage for businesses including retail property and builders risk, providing protection against physical damage and business interruption losses for commercial real estate and construction projects.
• Casualty Insurance Liability insurance products for businesses including primary casualty, excess casualty, foreign casualty, environmental, trucking, and defense base act coverage for commercial clients across multiple industries.
• Cyber Insurance Cyber risk coverage and breach response services for businesses. AIG ranks among the top 3 global cyber insurance providers, offering coverage for data breach, business interruption, cyber extortion, and related exposures.
• Management and Professional Liability Insurance Comprehensive liability coverage including Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability, Crime and Fidelity, Professional Liability, Kidnap Ransom & Extortion, Financial Institutions Solutions, and Mergers & Acquisitions insurance (Representations & Warranties, Tax Insurance) for public, private, and non-profit organizations.
• Multinational Insurance Solutions Coordinated multinational insurance programs providing consistent coverage, claims handling, and risk management services across multiple jurisdictions for large multinational corporations operating in 200+ countries and territories.
• Accident and Health Insurance Corporate Risk and Special Risk accident and health insurance products distributed through employers, affinity groups, and direct channels. Includes AIG Virtual Care add-on developed with Teladoc Health.
• Aviation Insurance Specialty insurance coverage for aviation risks including hull, liability, and related exposures for airlines, operators, and aviation businesses globally.
• Marine Insurance Marine insurance products including Ocean Cargo, Inland Marine, and Marine Liability coverage for businesses involved in shipping, logistics, and marine operations globally.
• Energy Insurance Specialty energy insurance products including Energy Property coverage for upstream, midstream, and downstream energy operations across the energy value chain.
• Political Risk Insurance Political violence insurance coverage through Talbot at Lloyd's including Sabotage & Terrorism (up to $175M), Malicious Assailant, Strikes Riots & Civil Commotion, NBCR, Terrorism Threat, and Denial of Access coverage for businesses operating in high-risk regions.
• Trade Credit Insurance Trade credit insurance including TradEnable to protect businesses against non-payment risks from commercial buyers, supporting working capital and trade finance decisions across international markets.
• Excess and Surplus Lines Insurance Excess and surplus lines coverage for difficult-to-place risks through Lexington Insurance and Western World platforms, including Lexington Casualty, Lexington Professional Liability (Architects & Engineers, Healthcare), Lexington Property, Lexington Builders Risk, LexPro, and Western World specialty products.
• Specialty Programs Specialty insurance programs administered through Glatfelter and partner program administrators covering niche commercial segments including ski resorts (MountainGuard via AmWins, 60 years), psychoanalysts (EPIC, 50 years), broadcasters, golf/tennis clubs, and 27+ other specialty programs with loss control services.
• Warranty and Service Programs Extended service plans and warranty management solutions for retailers and manufacturers covering consumer electronics, mobile devices, major appliances, HVAC, furniture, and other durable consumer products. Handles 1.4 million US claims annually with operations in 120+ countries.
• Captive Solutions Fronting and captive insurance services for organizations using captive structures to self-insure risks, providing insurance carrier licensing, policy issuance, claims handling, and reinsurance support for captive insurers.
• Private Client Group Insurance Private Client Select offering customized personal insurance solutions for ultra-high-net-worth individuals, including complex property coverage for high-value homes, personal liability, valuable collections, and personal risk management.
• Kidnap, Ransom and Extortion Insurance CrisiSolution Kidnap, Ransom & Extortion insurance product providing protection and crisis response services for individuals and organizations operating in high-risk regions, including coverage for ransom payments, crisis response expenses, and related costs.

Quantifiable outcome

• 55% reduction in time to quote for Lexington middle market property underwriters
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• U.S. Development Finance Corporation (DFC)minorStrategic or Co-development Partner · 1 April 2026Participating insurer in $40B maritime reinsurance facility for Strait of Hormuz. AIG among seven insurers alongside Chubb, Berkshire Hathaway, Travelers, Liberty Mutual, Starr, CNA backing DFC program for Gulf shipping coverage.
• McGill and PartnerscoreStrategic or Co-development Partner · 16 March 2026Strategic collaboration for subscription insurance market using agentic AI. AIG provides 25% capacity across up to $1.6B of McGill's specialty portfolio. Leverages Palantir's Foundry platform for real-time underwriting and portfolio management through McGill's digital broking platform.
• Convex GroupcoreStrategic or Co-development Partner · 1 October 2025$7B strategic investment including $2.1B for 35% equity stake in Convex plus $646M in Onex. Expands specialty insurance capabilities. Q1 2026 results show Convex net income of $106M with improved combined ratio of 86.8%.
• Everest GroupcoreStrategic or Co-development Partner · 1 October 2025Acquired global retail commercial insurance renewal rights for $301M plus Colombian subsidiary Everest Colombia (100% equity). Expands Latin America footprint. Everest sold $2B GWP portfolio to AIG as part of strategic pivot to reinsurance.
• Zurich Insurance GroupminorChannel Partner/ Reseller/ Distributor · 1 December 2022AIG sold personal travel insurance and assistance business including Travel Guard to Zurich for $600M in December 2024. AIG continues offering long stay coverage through Travel Guard division.
• PalantircoreTechnology or IntegrationAI platform partnership using Palantir Foundry for multi-agentic underwriting solutions. Enables real-time data analysis and coordinated AI agents for submission ingestion, risk evaluation, and pricing benchmarking.
• AnthropiccoreTechnology or IntegrationAI technology partnership deploying Claude models for financial workflows including underwriting, claims, and enterprise automation. AIG among financial institutions generating 40% of Anthropic's top 50 customer revenue.
• Talbot UnderwritingcoreStrategic or Co-development PartnerManaging agency operating syndicates 1183 & 2019 at Lloyd's since 2018. AIG's centre of underwriting excellence at Lloyd's writing political violence, crisis management, energy, marine, property. Dual Stamp enables market access to AIG capacity.
• Teladoc HealthminorStrategic or Co-development PartnerDigital health platform partnership for AIG Virtual Care Program, available in 10 European countries and 9 languages. Provides whole-person virtual care including second medical opinions and mental health coaching as add-on to accident and travel products.
• GuaziminorGTM or Marketing PartnerPartnership with China's leading used car e-commerce platform for cross-border vehicle sourcing inspection services. Local partnerships including AIG in Georgia and directly operated team in Ghana for overseas buyers.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Chubb: Largest publicly traded global P&C insurer; competes head-to-head with AIG across commercial property, casualty, specialty, multinational, and high-net-worth personal lines with a similar broker-led distribution model.
• Zurich Insurance Group: Global P&C and specialty insurer with comparable multinational capabilities; acquired AIG Travel Guard and partners with AIG on travel/virtual care, directly competing in commercial and specialty segments.
• Travelers: Top U.S. commercial P&C carrier overlapping with AIG in commercial property, casualty, management liability, and specialty; competing investment in AI underwriting and broker distribution.
• Liberty Mutual: Global P&C insurer with overlapping commercial, specialty, and personal lines, including participation alongside AIG in the DFC Strait of Hormuz maritime facility.
• The Hartford: U.S. P&C leader in small/mid commercial, specialty (particularly management liability and professional lines), overlapping with AIG's Financial Lines and SME offerings.
• Munich Re: World's largest reinsurer with significant direct specialty and Lloyd's-like capabilities that overlap with AIG's reinsurance strategy, specialty risk, and large corporate risk transfer solutions.
• Swiss Re: Global reinsurer competing with AIG Re and AIG's specialty book in treaty and facultative reinsurance, with growing corporate solutions and Lloyd's-style specialty franchises.

Broad incumbents

• Allianz: Global financial services giant with one of the world's largest P&C and specialty insurance operations, competing with AIG in multinational and specialty risk transfer while also offering asset management and life.
• AXA: Global insurer with material P&C and commercial lines overlap with AIG, especially in Europe and EMEA multinational segments, alongside broader life and asset management operations.
• Berkshire Hathaway (Insurance): Diversified conglomerate with GEICO and Berkshire Hathaway Reinsurance Group competing across P&C and specialty, and participating alongside AIG in the DFC Strait of Hormuz reinsurance facility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/AIG
• Facebookfacebook.com/AIGInsurance
• LinkedInlinkedin.com/company/aig
• Instagraminstagram.com/aiginsurance
• Xx.com/AIGinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A12 records

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIG