AIG looking for more growth

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AIG Life says it has had one of the biggest 12-month periods in its 27-year history, propelled in part by a 150% increase in the group and employee benefits business.

Friday, July 25th 2008, 8:50AM

The company is looking to further grow its business, and has made a series of staff changes (which you can read about in People).

AIG Life has undertaken an internal reorganisation to position the company for further growth.

AIG chief executive David Pierce says the growth "is the result of a clear strategy."

"We believe in leading by example, to help move the industry towards doing better for insurance consultants and Kiwi consumers. Much of the past year has been a strained time for business, and the success we've had in this period reflects our support of consultants, many of whom are small business owners, and our being customer-led in our focus."

Pierce says the reorganisation, through a raft of internal promotions of senior managers, would spearhead AIG Life's next phase of growth, which will build on the success of its two initiatives launched earlier this year.

One, the Lifestyle Check is a comprehensive tool developed for insurance consultants to help them easily identify the level and types of insurance that would provide the most cost-effective protection for their clients.

The second, a new Mortgage Protection Cover, offers consumers a range of mortgage-linked life insurance benefits that enable substantial premium savings over the term of their home loans.

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