The American International Group, Inc. (AIG) is a world leader in insurance and financial services. It has operations in more than 130 countries and jurisdictions. The company serves commercial, Institutional and individual customers. It has the most extensive worldwide property-casualty and life insurance network of any insurer. It also provides retirement services, financial services and asset management. AIG’s common stock is listed on the New York Stock Exchange as well as stock exchanges in Ireland and Tokyo.
History of AIG
The AIG companies were founded nearly a century ago in Shanghai in 1919. Their focus is on being a leader in corporate social responsibility. They aim at developing products and services that help their clients as well as promote corporate culture that values integrity, diversity, innovation and excellence. They realize how important the customers and clients are and it is these people who are responsible for their success globally.
AIG Activities
•Microfinance - AIG protects and supports long-term goals of families and businesses
•Economic development - AIG’s growth is tied up with the growth of the local economy. They reinvest their assets in the communities where they operate.
•Financial literacy - AIG is involved in activities that provide financial educational services for consumers.
•Volunteerism - AIG encourages all its employees to play an active role in the community.
•AIG scholarship program to dependent children of employees for higher studies - In 2006, 376 children of full time employees around the world were given scholarships for college studies.
Care of Employees
AIG and its subsidiaries employ more than 100,000 people in 130 countries. The Group takes adequate care of the employees and offers them all possible benefits. They have created an environment where skills, knowledge and enthusiasm of the people have taken them to the global leadership position. They provide opportunities for advancement; skills training and balanced work life. They try to realize the full potential of the people who work for them.
AIG companies have made a conducive environment for their employees and have given opportunities for their all round development. Training programs, seminars, and other such activities have forged the employees to the organization. They create situations where the human resource and the employees, internally feel that the workplace is more than just a place to earn their paycheck. AIG promotes careers, not just jobs.
The employee benefit programs are many at AIG. Beyond offering medical, disability and retirement plans in the US, they have added preventive health services, workplace education and family support programs. Promoting family bonding, AIG companies have day care facilities for young parents, to assist them. Healthcare, safety, Adoption Assistance Program, Healthy Babies, Children First and other such programs have made the personal lives of the employees secure and safe.
Helpful Activities of AIG Employees
AIG employees are encouraged to help others. In the wake of the tsunami and the Katrina disasters, the AIG employees went all out to help others in need, an activity that goes on round the world.