American International Group Inc

BMV:AIG

American International Group, or AIG, is a global insurance company. It sells property and casualty insurance for businesses and individuals, as well as life insurance and retirement products. Its customers include companies that need coverage for risks such as liability, accidents, and property damage, along with people and employers looking for protection, savings, and retirement-related insurance products. AIG makes money mainly by collecting premiums upfront and then paying claims later if covered losses happen. It also earns investment income by investing the premiums it holds before claims are paid. That basic model makes insurance different from many other businesses: the company is paid before it knows the full cost of the service it will ultimately provide. AIG also stands out because it serves large, complex commercial clients around the world, not just individual consumers. It acts as a risk manager for businesses that want coverage for hard-to-insure events, and it also sells retirement and life products through insurance channels. In simple terms, AIG helps customers transfer financial risk to an insurer that can pool and manage that risk across many policyholders.