Top 10 Insurance Companies in the World 2015

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7. American International Group(AIG)

American International Group came into existence in 1919 and the founder was Cornelius Vander Starr.

It is headquartered in New York, NY. AIG provide services in more than 130 countries and employees around 65000 people globally. The CEO of the company is Peter Hancock. American International Group, Inc. operates as a global insurance company, and it provides life insurance, retirement products, property casualty insurance, mortgage insurance and other financial services. The company works through two segments: AIG Life and Retirement and AIG Property Casualty .The AIG Property Casualty segment focusses on providing insurance products for institutional, commercial, and individual customers. The AIG Life and Retirement segment focusses on providing retirement services and life insurance services in the United States. It is also engaged in global capital markets operations, mortgage guaranty operations, direct investment book, retained interests, corporate mortgage guaranty operations, and other operations.

AIG is the largest underwriter of industrial and commercial insurance in United States. Its personal insurance business includes Travel Insurance, Motor Insurance, Health & Accident Insurance, and Lifestyle Insurance. For Corporates, it offers, Burglary & Personal Accident, Employee benefits, Fire & Special Permits, Electronic & other equipment related Insurance products & services. TATA AIG also provide rural insurance scheme.

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