AIG is the world’s largest insurance organisations, with more than 88 million customers. AIG is present in more than 90 countries and is listed on the New York Stock Exchange.
In Singapore, AIG operates through AIG Asia Pacific. It’s immediate and ultimate parents are AIG APAC Holdings Pte. Ltd. (incorporated in Singapore) and American International Group, Inc. (“AIG”) (incorporated in the United States of America) respectively.
AIG has been active in Singapore since 1953 and are one of the largest general insurance companies here. AIG sell most of their policies through networks of agents, brokers and through trade specific arrangements such as car dealers and/or importers. Their Auto and Workmen’s Compensation portfolios represent the key insurance risk exposure of the Singapore company (75% in 2014).