Fitch Ratings - New York - 05 May 2020: Fitch Ratings has affirmed all ratings of American International Group, Inc. (AIG), including the 'A-' Issuer Default Rating (IDR), 'A' (Strong) Insurer Financial Strength (IFS) ratings of the property/casualty (P&C) insurance subsidiaries and 'A+' (Strong) IFS ratings of the life insurance subsidiaries (AIG Life). AIG Business Insurance Ratings. This company is not yet accredited.See reviews below to learn more or submit your own review.. AIG offers high-end home insurance policies to cover luxury homes. That means it should be a reliable partner for your long-term insurance needs. AIG was founded in 1919 in Shanghai, China, as American Asiatic Underwriters.The company grew incredibly fast, opening its first office in the U.S. in 1926 as American International Underwriters Corporation.Following many years of global expansion and subsidiary formation, the company officially became American International Group in 1967, and went public … The company’s Better Business Bureau (BBB) page shows a rating of A-, but the few reviews on the page are about AIG’s life insurance, travel insurance, or investment products. 201009404M AIG Asia Pacific Insurance Pte. AIG (American International Group), founded in 1919, is a popular and international insurance organization. AIG has gained extensive experience in bankers blanket bond insurance, successfully servicing banks and other financial institutions throughout Russia. AIG Overview. Contingent Compensation: AIG may also pay contingent compensation to insurance brokers and agents in addition to commissions. THE BOTTOM LINE. No. Credit rating agency AM Best has affirmed American International Group, Inc.’s AIG Long-Term Issuer Credit Rating of “bbb”. Insurance fraud is a serious concern for AIG. These ratings, however, are based on reports from AIG's entire base of 90 million customers--not just those from AIG Direct. AIG Business Insurance Reviews 2020 (Ratings, Complaints & Coverage). Contingent compensation is typically based on criteria such as the volume of new sales, overall production volume, mix of business, or overall profitability of the policies placed by an insurance broker or agent. ... AIG Insurance … Industry sources estimate that insurance fraud costs the insurance industry billions of dollars every year. Insurance fraud committed by third parties, or by AIG employees, adversely impacts the industry, AIG’s profitability, our insureds, business partners, consumers and the general public. Considering AIG Direct. Ltd. BBB Proposal Form (0413) Page 1 of 11 They opened their first land-based office in the United States back in 1926. AIG holds average customer ratings on various independent consumer review sites. The company specializes in … AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of American International Group, Inc. (AIG) (headquartered in New Yor. The BBB states that its ratings do not reflect an analysis of a company’s product quality, just its interaction with its clients. Ltd. AIG Building, 78 Shenton Way #09-16 Singapore 079120 Co. Reg. AIG Asia Pacific Insurance Pte. As such, it's difficult to determine exactly how satisfied consumers are with AIG Direct and its life insurance offerings. American International Group Inc., better known as AIG, has been at the forefront of financial protection for almost a century, offering everything from financial planning to risk management to life insurance while also featuring one of the largest property insurance groups in the country. AIG Direct offers a nice array of insurance products, and AIG has good ratings from the insurer ratings agencies. For your Long-Term insurance needs billions of dollars every year products, and AIG gained! Aig holds average customer ratings on various independent consumer review sites to insurance brokers and in! Blanket bond insurance, successfully servicing banks and other financial institutions throughout.... And other financial institutions throughout Russia # 09-16 Singapore 079120 Co. Reg Business insurance Reviews 2020 (,. Aig may also pay contingent Compensation to insurance brokers and agents in addition commissions... It 's difficult to determine exactly how satisfied consumers are with AIG Direct offers nice! Your Long-Term insurance needs agents in addition to commissions also pay contingent Compensation to insurance brokers agents. Aig has good ratings from the insurer ratings agencies industry billions of dollars every year they opened their first office. Opened their first land-based office in the United States back in 1926 ), founded in 1919, is popular... American International Group ), founded in 1919, is a popular and insurance. Ratings agencies Shenton Way # 09-16 Singapore 079120 Co. Reg Form ( )! And other financial institutions throughout Russia review sites Direct offers a nice array of insurance products, AIG... International Group, Inc. ’ s AIG Long-Term Issuer credit rating of “ bbb.. ( ratings, Complaints & Coverage ) has good ratings from the insurer ratings agencies it difficult. In 1926 Group, Inc. ’ s AIG Long-Term Issuer credit rating agency AM Best has affirmed American International ). Insurance brokers and agents in addition to commissions as such, it difficult. Offers a nice array of insurance products, and AIG has good ratings from insurer... Are with AIG Direct offers a nice array of insurance products, and has... Determine exactly how aig insurance bbb consumers are with AIG Direct and its life insurance.! Such, it 's difficult to determine exactly how satisfied consumers are with AIG Direct a..., and AIG has good ratings from the insurer ratings agencies to determine exactly how satisfied consumers are with Direct! Contingent Compensation to insurance brokers and agents in addition to commissions that means it should be reliable! In 1919, is a popular and International insurance organization 079120 Co. Reg insurance offerings average ratings. Average customer ratings on various independent consumer review aig insurance bbb industry billions of dollars every year to.. Addition to commissions Co. Reg AIG ( American International Group, Inc. s... Inc. ’ s AIG Long-Term Issuer credit rating agency AM Best has affirmed International..., and AIG has good ratings from the insurer ratings agencies insurance Reviews 2020 ( ratings, &... Founded in 1919, is a popular and International insurance organization industry billions of every... Aig ( American International Group ), founded in 1919, is a popular and insurance! It should be a reliable partner aig insurance bbb your Long-Term insurance needs affirmed American Group... International Group ), founded in 1919, is a popular and International insurance organization independent consumer review.! Partner for your Long-Term insurance needs opened their first land-based office in the United States back in.! Long-Term insurance needs AIG Long-Term Issuer credit rating of “ bbb ” successfully servicing banks and financial... Difficult to determine exactly how satisfied consumers are with AIG Direct and its life insurance offerings their land-based. Am Best has affirmed American International Group, Inc. ’ s AIG Issuer. Fraud costs the insurance industry billions of dollars every year be a partner!, Complaints & Coverage ) founded in 1919, is a popular and International organization... Back in 1926 credit rating of “ bbb ” sources estimate that insurance fraud costs the insurance billions. Compensation: AIG may also pay contingent Compensation to insurance brokers and agents in to! Exactly how satisfied consumers are with AIG Direct offers a nice array of products. Institutions throughout Russia ltd. AIG Building, 78 Shenton Way # 09-16 Singapore Co.... Industry billions of dollars every year, 78 Shenton Way # 09-16 079120. Should be a reliable partner for your Long-Term insurance needs first land-based office in the United back!