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Broker and Independent Agent Compensation

Insurance brokers and independent insurance agents* play a vital role in the insurance purchasing process. AIG Commercial and Personal Insurance values the role of these insurance producers in advising and consulting with insurance buyers and generally compensate them in recognition of their participation in the purchasing process. Please contact your insurance broker or independent insurance agent to obtain information about the specific compensation they may receive in connection with the issuance of your policy.

AIG Commercial and Personal Insurance supports the disclosure of compensation paid to insurance brokers and independent insurance agents. This information can help our customers make informed purchasing decisions.

Please read Important Information on compensation to insurance brokers and independent insurance agents placing commercial and personal insurance business with AIG Commercial and Personal Insurance offices situated and issuing insurance policies in the United States. This webpage includes guidance for business written in 2023 on the following:

AIG Commercial and Personal Insurance companies compensate insurance brokers and independent insurance agents through commissions of either a specific dollar amount or a percentage of premium set at the time of each purchase, renewal, placement or servicing of a particular insurance policy. Beginning in 2011 amendments to the settlement between AIG and the New York Attorney General allowed AIG greater flexibility concerning payment of compensation to insurance producers in addition to commissions negotiated at the time of individual insurance transactions. From time to time, AIG Commercial and Personal Insurance may enter into agreements with producers to provide additional commission not contingent in nature. All such payments are subject to controls administered by AIG Commercial and Personal Insurance Legal, Compliance and business management.

You can view information on the ranges and types of compensation paid to insurance brokers and independent insurance agents relative to the lines of business written by the AIG Commercial and Personal Insurance companies by choosing the appropriate link (at top). 

*References to “insurance brokers” and “independent insurance agents” are based on those terms as defined in §§ 2101(c) and (b) of the Insurance Law of the State of New York.

Important Information

The information provided on this website applies to business placed by insurance brokers and independent insurance agents with AIG Commercial and Personal Insurance offices situated and issuing insurance policies in the United States and its territories for the lines of business specified. No information is provided for any business or operations involving group and individual: (1) fixed and variable life insurance, (2) fixed and variable, immediate and deferred annuities, (3) accidental death and dismemberment insurance, (4) short and long term disability insurance, (5) long term care insurance, (6) accident and health insurance, including vision and dental insurance, (7) travel insurance, (8) credit insurance, (9) involuntary unemployment insurance, (10) guaranteed investment contracts, and (11) funding agreements.  In addition, the website does not include information concerning any compensation that may be paid to employees of AIG Commercial and Personal Insurance or to insurance producers that are captive or are exclusive to AIGCommercial and Personal Insurance with respect to a specific line or product that is clearly and conspicuously identified in marketing materials as a AIG Commercial and Personal Insurance line or product. Please note that no information is currently being provided for any business or operations attributable to AIG's Lloyds syndicate Talbot Holdings Ltd, which was acquired by AIG in the third quarter of 2018.  

Breakdown by Product

Information on the ranges & types of compensation we may pay to producers in these lines of business.

We offer insurance solutions and services to help minimize risk and maximize safety for your aircraft. Visit our Aerospace & Aviation Insurance page for more information.

The ranges are based on the commissions paid for all Aerospace Insurance Policies to insurance brokers and independent insurance agents placing property and casualty insurance business with AIG Commercial and Personal Insurance offices situated and issuing insurance policies in the United States. Commissions paid on any particular policy of insurance are based on a variety of factors and there may be dollar amounts or percentage commissions paid that fall outside of the ranges referenced below.

Your insurance broker or independent insurance agent can provide additional information about specific compensation they may receive in connection with the issuance of your policy.

2023 Commission Ranges

Low Mid High
15.00% 20.00% 30.00%

Additionally, 90% of commissions paid on products within this line of business fall within the following range.

90% Low 90% Mid 90% High
15.00%
20.00% 30.00%

The commission percentages shown represent business written during the year ending December 31, 2023, and are updated annually. The ranges shown may not reflect historic commission rates for all in force policies and do not include policies issued after December 31, 2023. Transactions with no commission have been eliminated from the data used to prepare these ranges because insurance producers may have received compensation directly from the insured.

Contingent Compensation

In addition to the commission percentages reflected above, certain producers were eligible to receive contingent compensation on policies within the product line listed above based upon factors such as (among others) profitability of the insurance placed by such producers. In 2023, the maximum contingent compensation paid on eligible policies was 0.5% of the total premium placed by producer(s) with eligible policies during the calendar year (although contingent compensation may be paid in relation to policies written in previous years).