Late last year the local management team hosted Global Head of Individual Personal Insurance Maureen Hackett and Global Head of Pricing & Portfolio Management – IPI George Argesanu, along with the entire Project Turbo team to celebrate a fantastic achievement. The team was treated to a Sydney Harbour Bridge climb experience followed by dinner under the famous Australian landmark. Vinay Surana, Asia Head of Individual Personal Insurance noted, “I’m really pleased with the timely and effective rollout of this unique capability, which will transform our business and lay the foundation for strong, profitable and sustainable growth.  For me the key highlight is not only the result we achieved, but also how the team came together to execute the plan. It was like working in a start-up environment; the energy, collaboration, commitment, ownership and agility of the team was admirable.” Tony Martiniello, Head of Individual Personal Insurance Australasia, commented, “I’m proud to be part of such a talented and dedicated group of people. They have shown resilience and determination throughout the project and pushed through the obstacles in order to find solutions…truly inspiring. I’m looking forward to leading this team as we continue to grow our business together.” Visit aig.com.au for more information.

Mass market Personal Lines launches in Australia Last year AIG Australia celebrated its 60th anniversary, with a history focused primarily on corporate and commercial insurance. 2017 also represented an important milestone in the future growth of the Australian operations, with the launch of mass market Personal Lines business. This move enables AIG to participate in the US$14b Personal Insurance segment which is one of the largest segments in the Australian general insurance market. Over the last few years a dedicated team of 40 AIG professionals across six locations worked with distribution partner Steadfast (the largest broker network in Australia) on the launch of AIG’s Home, Landlord and Motor products. Dubbed Project Turbo, the business developed new technology that is fully integrated across both Steadfast and AIG; allowing end-to-end business processing and seamless transfer of customer data. AIG Australia CEO Noel Condon said of the launch, “The Steadfast Direct development is very much aligned with our aim to diversify our portfolio while staying true to our broker distribution roots. With the steady support of regional and global Personal Insurance leadership, our team confidently engaged with our partner and delivered a quality platform…on time and close to budget! They did a terrific job and were justifiably acknowledged as the best insurer implementation team that Steadfast has ever worked with.”

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our websites at www.aig.com and www.aig.com.au. Coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. In Australia, insurance is issued by AIG Australia Limited ABN 93 004 727 753 AFSL 381686. © AIG – All rights reserved.