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Retail Property Insurance

We can help you keep business going after natural disasters, equipment breakdown, and other disruptions. 

Why choose AIG Retail Property Insurance?

AIG Retail Property provides market-leading risk transfer (insurance) and non-risk transfer (fronting/captive) solutions for domestic and global corporate and risk management insureds. Clear and consistent property risk appetites have been established worldwide and we are committed to delivering differentiated value to our brokers and insureds through open communication, coverage flexibility, claims and risk engineering excellence and multinational services.

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The AIG Advantage

Unparalleled Underwriting, Including in the Middle Market Space

AIG’s Property claims team partners with clients  to resolve claims quickly.

Capabilities in Approximately 70 Countries and Jurisdictions

AIG Retail Property experts deliver flexible, creative solutions for clients domestically and worldwide.

AIG Property Claims Promise

AIG’s dedicated Property claims team enables prompt claims resolutions.

  • Dedicates a team of underwriters around the world who have the experience and knowledge to provide differentiated client solutions that provide coverage certainty

  • Delivers flexibility of coverage, consistent capacity, balance sheet strength and multi-line solutions
  • Provides superior fronting and reinsurance solutions via captive or panel in 215+ countries and jurisdictions 

  • After coverage is confirmed, the AIG Property Claims Promise provides our policyholders up to 50% of AIG’s share of an agreed loss estimate within 7 days, giving the insured the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses

  • Provides clients a supportive team of dedicated in-house property claims professionals with 20+ years’ average experience

  • Partners with clients to resolve claims in an efficient and effective manner

  • Deploys specialized risk engineering teams to conduct on-site surveys which identify risk and recommend risk improvement strategies

  • Provides loss estimates and CAT assessments, assisting clients in evaluating their property loss risks

  • Works in conjunction with underwriting, claims and client engagement to communicate risk engineering improvements that a client can make to help reduce their risk of loss and improve their underwriting profile

Real-World Problem Solving

Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.

Challenge

A global manufacturing firm with increasing complex property risks had its global property capacity reduced by their incumbent carrier.

Solution

AIG brought together our integrated global resources, including expert underwriters, risk engineering and claims, to truly understand the client’s unique risks, enabling us to put forth meaningful capacity in support of the client’s risk management objectives.

AIG Benefit

The client maintained their program integrity around the world without disruption to its local policy issuance and compliance.

Challenge

A large university with multiple campuses experienced poor claims handling from its incumbent insurer and sought a new carrier with proven claims expertise and the ability to respond rapidly.

Solution

AIG Retail Property delivered a customized program inclusive of the AIG Property Claims Promise supported by our in-house property claims team.

AIG Benefit

The client partnered with a carrier that understands its industry with the confidence that claims will be addressed quickly; AIG promises, after coverage is confirmed, to provide our policyholders up to 50% of AlG's share of the an agreed loss estimate within 7 days, giving the insured the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses.

Challenge

A hospital network had a poor risk profile and had difficulty finding an insurance carrier that would agree to continue insuring their property risks.

Solution

AIG risk engineers worked with the hospital network to better understand their properties, identify opportunities for enhancements and create an agreed upon risk improvement plan. This collaboration resulted in a successful property insurance program that met the needs of both AIG and the client.

AIG Benefit

The client received appropriate coverages as result of their collaboration with AIG risk engineering and underwriting, as well as a go-forward plan for continued improvements to their risk profile.

Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

Downloadable Materials

Download PDF [163.8 kb]

Filename
aig-retail-property-highlight-sheet.pdf
Size
156 KB
Format
application/pdf
Retail Property Highlight Sheet

Download PDF [73.7 kb]

Filename
new-holistic-approach-for-middle-market-highlight-sheet.pdf
Size
82 KB
Format
application/pdf
Middle Market Value-Add Overview Highlight Sheet

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.

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