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In the Philippines, the financial sector faces pressures generated by increased regulation, robust capital and lending criteria, and a global drive to improve disclosure, increase transparency and enhance shareholder protection. AIG offers financial institutions a suite of solutions that can be customized and tailored to suit their specific needs.

Coupled with our strengths in claims and engineering support, our goal is to provide a superior core offering that assists insureds in not just handling, but in pre-emptively managing risk. Consolidation and vertical integration of financial institutions is resulting in ever increasing sector complexity, while allegations of wrong-doing by industry participants and a steady increase in both frequency and severity of claims have brought urgency and intricacy to risk management arrangements.

We aim to leverage our in-depth understanding of market trends to create and deliver products that address the needs of financial institutions.

Products and Services for Financial Institutions

Banker's Blanket Bond

This product provides coverage for losses due to fraud, dishonesty of employees, theft, forgery, and electronic crime sustained by financial institutions.

Cyber Insurance

This is a specially designed solution which addresses the liability of companies arising from data protection laws, the management of personal data, and the consequence of losing corporate information.

Employers' Liability

Pays on behalf of the Insured, all sums which the Insured shall become legally obligated to pay as damages because of bodily injury caused by an accident or disease, including death of the Insured’s employee arising out of and in the course of employment.

Investment Management Insurance

A packaged policy designed to help advisers and funds address their management and professional liability as well as crime risks all under one policy.

Property All-Risk

This policy provides you with coverage for your property against loss or damage caused by fire and lightning, and allied perils such as earthquake, typhoon, flood, falling aircraft, impact damage, volcanic eruption, riot, strike and malicious damage. Additional covers may be added to meet the needs of the business. There is an option to include Machinery Breakdown cover, Electronic Equipment Insurance cover, and Business Interruption in this policy.

Comprehensive General Liability

This cover is designed to address the costs of the Insured’s legal liability arising out of accidents, injuries, and property damage sustained by third parties. Companies of different sizes and industries need sound liability coverage against these traditional exposures.

Directors and Officers

Directors and Officers has two lines of products: CorporateGuard Premiere, which covers mid to large-sized private and publicly-listed companies, insuring claims against D&Os for alleged breach of duty, neglect, misstatements, errors or omissions. The second one is PrivateEdge, designed for private companies that offer solution for potential liability resulting from action and inaction of the directors and officers, and the employment practice they implement.

Financial Institution Professional Indemnity

Financial Institution Professional Indemnity (FIPI) indemnifies professionals in the financial services industry in respect of their legal liability to clients which arises from their expert advice

Kidnap, Ransom and Extortion

Tailor-made solution to address kidnap, ransom and extortion threats to organizations and individuals around the world. Insurance policy cover includes incident response, financial cover, and risk prevention.