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.