China’s Central University of Finance and Economics and China Insurance News have recognized AIG for valuable growth, sustainable development, and innovation in China. AIG stood out as the only foreign company to rank within the top 10 property casualty companies for valuable growth in this evaluation of the Chinese insurance industry.
The panel of judges reviewed all property casualty companies in China, evaluating each for its growth potential, innovation, sustainability, capital management, long-term profitability, and risk control. To make the top 10 list, AIG China outshone all international competitors in China and many domestic property casualty insurers as well.
“It’s a great honor to be recognized as a top-10 valuable growth company in China,” said Eric Zheng, President and CEO of AIG China. “As we aspire to become our clients’ most valued insurer, this joint recognition by the industry and academia highlights the progress that we’ve been making toward that goal.”
Xiao Feng, Deputy Director-General of the China Insurance Regulatory Commission’s Development and Reform Department, commented, “The insurance industry in China has seen double-digit growth in the past 30 years and is now the third-largest market in the world after the U.S. and Japan. We see great potential for growth for decades to come.”
AIG China is one of the largest wholly internationally-owned property and casualty insurers in the country. The company offers commercial and consumer products and solutions to serve both domestic and multinational clients.