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AIG Group Management Division (GMD) is a division of the life insurance subsidiaries of AIG, Inc. Headquartered in New York City; GMD operates in more than 100 countries through a regional and local management structure. GMD's Employee Benefits, Credit Insurance, and Global Pensions products and services are offered through the various life companies of AIG, including AIA, ALICO, Nan Shan, PhilamLife, and other strategic partners around the world.

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AIG Group Management Division

Credit Insurance

Financial services organizations around the world have recognized that credit-related insurance programs have become an important contributor to their overall profits. These industry leaders include banks, finance companies, retailers, utility companies, credit card issuers, residential mortgage originators, and educational institutions.

To meet this growing demand for credit insurance products, GMD Credit has local representatives in more than 60 countries and functions as a distinct business unit within the AIG Group Management Division. Today, GMD is a leading credit-related insurance provider throughout Europe, Asia, Latin America and the Middle East. GMD Credit works through AIG subsidiary life insurance companies such as American Life Insurance Company (ALICO), American International Assurance Company, Limited (AIA) and others or through non-Life operations such as American International Underwriters (AIU) depending on program coverages.

Through "AIG Advantages", GMD Credit provides a vast global business network to creditors and other organizations. With expertise in product development, underwriting, marketing and sales training, clients can count on GMD Credit to build successful and profitable credit insurance programs for their businesses.

Flexible Solutions

GMD Credit provides flexible solutions to meet client specific needs. Core creditor insurance products include Life, Permanent Total Disability, Temporary Total Disability, Critical Illness, Terminal Illness, Hospitalization, and Involuntary Loss of Employment. These insurance coverages are bundled with financial products to create a sustainable profit stream for our clients.

Credit Protection is distributed to customers via Point of Sale, Direct Mail, and Telemarketing, for the following transactions:

- Loans: Auto, Consumer, Installment Sales, Mortgage and Personal
- Revolving Accounts: Retail Charge, Credit and Debit Cards and Lines of Credit
- Deposit Accounts
- Auto Leases
- Monthly services such as Gas, Electric, Mobile Phones, and Internet
- School Tuition
- Targeted Savings Plans

Get more information on country specific capabilities for Credit Insurance.