AIG Risk Management (AIGRM)

A multinational company faced challenges with coordination of foreign and domestic primary limits and excess attachment points with various carriers.

AIG coordinated a program consisting of AIGRM primary casualty, excess lead umbrella, and foreign casualty policies, providing consistency of coverage, limits, and claims handling. AIG’s integrated solution consisted of a multi-year rate commitment and a multi-year transition collateral structure.

The client experienced an easy transition and global coverage certainty through coordinated global limits, holistic program design, and a collateral transition plan that fit their unique needs.

A client with rapid expansion and employee turnover suspected its worker injury and auto loss costs were significantly higher than average for its industry.

AIGRM’s Risk Consulting & Analytics team reviewed safety data with the client and broker to develop a two-year action plan to measure leading and lagging indicators and track initiatives designed to mitigate key loss drivers, including: ladder safety, ergonomic best practices, new employee training, return to work, leadership training, telematics, and fleet safety.

The client’s loss costs in both auto and workers’ compensation were reduced by more than 15% over the two years.

A client sought flexibility in choosing an unbundled claims approach based on lines of business.

AIGRM offered the client flexibility by accommodating their long-standing unbundled WC TPA relationship and supporting their decision to bundle their auto and general/product liability claims handling with AIG.

The client was able to maintain consistency on the WC program and take advantage of AIG’s claims experience and familiarity in handling complex general/product liability and auto claims.