Customized workers’ compensation, auto liability, and general liability/products liability program structures for sophisticated organizations that retain portions of their risk via deductibles, self-insured retentions ($250K and higher), captives, and retrospective programs, as well as the ability to utilize large guaranteed cost programs ($2M or more in guaranteed cost programs).
Alternative risk structures include captives, closeouts, retrospective loss portfolio transfers, or structured finance solutions.
Expertise in creative and flexible solutions around complex risks, spanning a variety of industries, including but not limited to bankruptcy opportunities.
Coordinated integration into AIG’s umbrella/excess and foreign casualty platforms, including primary limits, attachment points, and worldwide coverage.
AIGRM’s flexible program solutions provide balance sheet protection while also optimizing each client’s cashflow and credit objectives.
Client-specific Loss Control Solutions
Provides clients with seasoned and experienced industry knowledge, tools, guidance, insights, and services to help manage and reduce total cost of risk.
Flexible Claims Management
Clients have flexibility in claims handling, supported by AIG’s claims knowledge, services, and network.
Provides a broad casualty appetite supported by underwriters who specialize in complex casualty programs
Enables flexible collateral forms to meet clients’ liquidity and capital needs including structured transition programs for smooth onboarding to AIGRM
Pairs coverage seamlessly with other primary and excess insurance solutions providing clients a holistic approach to managing domestic and foreign liability risk
Helps clients seek the reduction of risk by listening to their priorities, responding with sophisticated analyses, such as virtual benchmarking, and interpreting findings into actionable insights
Delivers specialized risk management advice and services through a dedicated in-house team of former corporate risk managers and safety leaders with broad experience in employee, fleet, and customer safety
Develops solutions supplemented by insights from knowledgeable industry professionals who are established providers of effective safety technology
Offers bundled or unbundled claims options
When bundled, provides client advocacy through a dedicated claims account manager, TPA oversight team, and claims service manager
Assists clients with complex claims issues and resources for resolution through AIG’s severity claims professionals, innovative litigation management strategies, and access to reputable and established defense attorneys at negotiated rates for nationwide support
Real-World Problem Solving
Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.
Challenge
A multinational company faced challenges with coordination of foreign and domestic primary limits and excess attachment points with various carriers.
Solution
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.
AIG Benefit
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.
Challenge
A client with rapid expansion and employee turnover suspected its worker injury and auto loss costs were significantly higher than average for its industry.
Solution
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.
AIG Benefit
The client’s loss costs in both auto and workers’ compensation were reduced by more than 15% over the two years.
Challenge
A client sought flexibility in choosing an unbundled claims approach based on lines of business.
Solution
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.
AIG Benefit
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.
Brokers: Meet Your AIG Team
View contact information for AIG’s national product and distribution teams.
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.
