The American International Group has revealed its top two important divisions.  AIG’s property & casualty insurance is known as ‘Chartis’ which offers a wider variety of marketable and consumer insurance products and services internationally.  That is why it is considered as the company’s most valued industry division.  The company has obtained $32.5 billion in premiums for property and casualty insurance in 2010.  It also enjoyed 7.4% market share in the property and casualty insurance market.  The AIG, like any other insurance companies, collect premiums from their clients and eventually invest them to produce income and gratitude in the price of assets.  The invested assets will be used to compensate the insurance claims of their clients.

Excerpt:

“AIG’s property & casualty insurance is branded as ‘Chartis’ and offers a broad range of commercial and consumer insurance products and services worldwide. It is the company’s most valuable business division. AIG collected $32.5 billion in premiums for property and casualty insurance in 2010 and held 7.4% market share in the highly fragmented property and casualty insurance market.”

Original article can be found at:

http://blogs.forbes.com/greatspeculations/2011/05/13/the-two-businesses-that-matter-for-aig/

Click here for more information on getting the best term life insurance rates information. There are other information available as well such as life insurance no exam.