FP report.docx - American International Group(AIG Industry...

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American International Group (AIG) Industry analysis: The United States is the world's most important insurance market; its premium income has been the first in the world for decades. The US government takes a series steps to stimulate and protect the domestic insurance industry, like establishes a perfect market system, and implements preferential insurance tax policies and so on. During the long-term development, a relatively perfect marketing system has being established, and insurance companies promote and sell thousands of insurance products through those various marketing channels makes their profits continues increasing. As technology advances, the competitions of prices, services and other factors among insurance companies are completely open. These strong competitions in reverse facilitate the progress in this industry. Besides, the trend of aging of population across the world also provides lots opportunities for insurance industry to expand their services and earn more profits. Company Introduction: American International Group is an American-based multinational insurance and finance service group. Through many years of development, its global businesses have distributed in more than 130 countries and regions, and have explored from insurance services to other financial services which contain asset management, retirement services and related investments. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer.
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