Operating a global business today is a complex venture, whether you’ve just started to expand or have well-established multinational operations.
Why choose AIG Foreign Casualty?
Choose from service-rich packages that include controlled master program options or customized programs for all your foreign casualty coverages—all tailored to your needs and the local requirements of the countries and jurisdictions where you do business.
Our industry experts, supported by the full breadth of AIG’s global capabilities, are dedicated to structuring programs that effectively and efficiently manage risk by providing solutions designed to address:
Customized casualty or package coverage for U.S.-based organizations with foreign casualty exposures.
Beyond-the-policy solutions with comprehensive client support from pre-bind to program implementation to post-bind.
24/7 global medical, travel, and security assistance.
Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.
Challenge
A government contractor required additional services that addressed potential travel into high-risk territories, education of DBA/FVC/A&H coverage interactions and concept of Duty of Care, and high-hazard travel risk management.
Solution
AIG’s service team leveraged compliance knowledge and expertise on the legal restrictions and challenges of potentially operating in the high-risk territory. AIG was able to provide a holistic, compliant approach and establish a long-term solution to write all lines of business.
AIG Benefit
The client was able to bind a more cost-effective and robust foreign package program with a better understanding of the risks when traveling to high-risk territories and had access to additional risk management tools to reduce the likelihood of employee injuries.
Challenge
A plastic manufacturer was involved in a defective product suit in South America, which was complicated by multiple overseas jurisdictions, challenges posed by the global pandemic, and coordination of various stakeholder interests in both the U.S. and Latin America.
Solution
AIG facilitated the active collaboration between the U.S.-based claims team, overseas in-country claims teams, the U.S. client, and the overseas client, providing the ability to expedite the resolution process.
AIG Benefit
The insured had access to strong overseas in-country claims resources with expertise in the relevant local jurisdictions, and a strong centralized U.S. team allowed for consistent and efficient communication to all stakeholders.
Challenge
An international retailer with a complex multinational program had servicing issues with its incumbent carrier. This included challenges in addressing underlying operational problems, delaying local policy issuance.
Solution
AIG provided superior multinational servicing capabilities, a robust network of owned offices and top-tier partners, and technological capabilities to increase collaboration and transparency. The myAIG Client Portal tool was implemented at binding—with access for the broker and client—to ensure monitoring of the local policy issuance.
AIG Benefit
The client, broker, and underwriter had real-time visibility into potential issues allowing for timely local policy issuance. Transparency into this complex multinational program created a stronger relationship built around trust.
Whether venturing overseas for the first time or managing established foreign operations, multinational organizations are vulnerable to a wide variety of risks typically not insured under a domestic insurance program.