As a financial adviser, your primary goal is to help your clients plan for their future. Whether it involves protecting their family or securing a business, having the right insurance solutions is important. The same is true if they want to safeguard their assets or prepare for unexpected events.
That’s where AIG comes in.
AIG for intermediaries is a well-known name in the insurance and financial services industry. They cater to clients who are looking for the usual services like health, travel, and credit insurance. They also work with corporations that are in need of insurance services for aerospace, energy, and construction.
In this article, Insurance Business UK discusses how AIG for intermediaries can support you and your clients. We will discuss their insurance products and services. We will also talk about how you can use them to grow your business.
American International Group (AIG) is a leading international insurance organization with a strong presence in the UK. It was founded in 1919 and has established branches in 190 countries across the globe.
For instance, AIG is recognised as a major financial institution and a provider of insurance services in Australia and China. They mainly offer credit security mechanisms. In the US, AIG is one of the largest commercial and industrial insurers.
In the UK, AIG has a wide range of insurance products and services tailored to meet their clients' needs. For intermediaries or financial advisers, AIG can provide dedicated support and resources to help them deliver topnotch service to their clients.
Know more about AIG when you watch this video:
Check out this report on AIG’s fourth-quarter net income.
AIG offers insurance products that can cater to various types of clients. As an intermediary, understanding these products will aid you in recommending the most suitable options to your prospects. Here are some of them:
Let’s discuss each of AIG for intermediaries’ insurance products below:
AIG's Accident & Health insurance products are built for clients like small domestic organizations to multinational corporations. Getting this will help protect individuals and businesses from financial losses due to accidents or health-related issues. There are two services under this insurance:
This provides personal accident and business travel insurance. It is easy to purchase and can be bought online through AIG’s e-trade option. It covers work-related injuries and travel emergencies when employees are on a business trip
This helps larger UK businesses in all sectors by providing coverage beyond existing life insurance limits.
AIG provides innovative aerospace insurance solutions that minimise risk and maximise safety for airline and general aviation clients. Their Airline & Deductible Insurance covers various aspects of airline operations. It also includes:
Recently, there’s been a rise in aviation incidents globally. Read this article to find out whether this can affect airline insurance rates.
AIG's casualty insurance offerings include:
Employers' Liability insurance: This serves as protection from legal liabilities arising from employee injuries or illnesses sustained during employment.
Environmental Liability insurance: AIG’s EnviroPro UK provides coverage for liabilities arising from contamination, pollution, and other environmental damage.
Motor Fleet insurance: This protects businesses from third-party claims for injury or property damage caused by a motor accident.
These policies will help AIG’s clients manage risks associated with their operations and maintain financial stability. Curious about casualty insurance risks that are emerging recently? Read this article to find out.
AIG for intermediaries' Credit Lines include:
These services help businesses manage local and global risks with non-payment credit insurance. Credit insurance is particularly valuable for clients engaged in domestic and international trade. This will provide them with the confidence to extend credit to customers.
In today's digital age, cyber threats are a growing concern for businesses of all sizes. AIG's CyberEdge insurance offers these key features:
Risk mitigation and monitoring: Provides tools and services to help clients understand and reduce their cyber risk exposure.
Incident response: Access to a 24/7 Cyber Claims Hotline. This can give immediate support to manage and mitigate the impact of cyber incidents.
First-response services: Clients receive best-in-class legal and IT forensics support for 48 hours after a suspected cyber incident. This won’t have policy retention or erosion of policy limits.
Exceptional claims experience: AIG's specialist Cyber claims team is one of the most experienced in the insurance market, having handled various types of cyber incidents, including ransomware attacks and data breaches.
Monitoring and alerts: Your clients' online systems are constantly monitored for vulnerabilities or threats. AIG can send alerts and reports to help businesses prevent potential losses.
Offering AIG’s cyber insurance products will help your clients mitigate the financial and reputational risks associated with cyber threats. Want to know more about cyber insurance? Watch this:
You can also check out these market trends for the cyber insurance sector.
To get the most out of AIG’s intermediary services, financial advisers should take full advantage of the resources and support available. These best practices will help you become successful in your career:
The insurance industry is ever-changing. This involves new regulations, products, and risks emerging all the time. To provide the best service to clients who are interested in AIG’s products, you need to stay informed about their policy updates and industry trends.
AIG for intermediaries also provides numerous opportunities for professional development such as their AIG Academy on Demand. Financial advisers can access training materials and webinars at their convenience to keep their knowledge up to date.
Time is one of your most valuable resources as a financial adviser. In turn, AIG’s digital platforms can help you work more efficiently. They provide digital tools such as:
AIG eXtra: A fast and intuitive platform that allows financial advisers’ clients to get instant quotes and bind SME policies with ease.
Acturis integration: This broker software system is a seamless way to trade AIG products and manage policies efficiently.
MyAIG portal: AIG’s online policy management system where your clients can track renewals, claims, and policy adjustments all in one place.
When you take advantage of these digital tools, you can help your clients reduce paperwork and speed up processes.
Getting insurance can be confusing for many. Your clients might not fully understand their risks or the coverage options available to them. As a financial adviser, it’s your role to simplify this information and guide them towards the best choices.
AIG for intermediaries can help you educate your clients by providing high-quality marketing and educational materials. On their website, you can access product information and downloadable files. These are clear and easy-to-understand materials that break down AIG’s policy benefits for your clients.
There are also webcasts and presentations available on AIG for intermediaries’ online platform. Using these resources, you can answer your clients’ questions about AIG and their products with confidence. You will also help them see the true value of insurance.
No two clients are the same, and a one-size-fits-all approach won’t work if you want to thrive in the insurance sector. As such, take the time to learn about their personal or business situation and what types of coverage they need. AIG for intermediaries has various insurance solutions that allow financial advisers to help their clients customise policies based on the latter’s preferences.
When you’re knowledgeable enough about your clients’ situations, you can match the right AIG insurance product to their needs. Whether it’s cyber insurance for a tech startup or liability insurance for a contractor, AIG provides products that fit different scenarios.
If you provide a personalised experience for each client, you can increase customer satisfaction and boost retention rates.
AIG for intermediaries is a valuable resource for financial advisers. By working with AIG, you can offer reliable financial protection and investment options to your clients.
Whether you focus on life insurance, retirement planning, or business protection, AIG provides the solutions and support you need. They are well established with years of experience in the financial sector, both in the UK and in other countries. Partnering with them will allow you to build trust with your clients.
If you want to become successful just like the best insurance professionals and brokers across the globe, working with trusted insurance companies is a must. With AIG’s support and tailored solutions for your clients, you can grow your business and stay ahead of the competition.
Would you recommend AIG for intermediaries to your clients? Why or why not? Share your thoughts in the comments below.
