AIG 2015 Annual Report Download - page 17
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ITEM 1 / BUSINESS / CONSUMER INSURANCE
17
Consumer Insurance Competition
Consumer Insurance operates in the highly competitive insurance and financial services industry in the U.S. and select
international markets and competes against various financial services companies, including mutual funds, banks and other life
and property casualty insurance companies. Competition is primarily based on product pricing and design, distribution,
financial strength, customer service and ease of doing business.
Consumer Insurance competes based on its long-standing market leading positions, innovative products, distribution
relationships across multiple channels, customer-focused service and strong financial ratings.
Corporate and Other includes:
Corporate and Other consists of assets and income from assets held by AIG Parent and other corporate subsidiaries, general
operating expenses not attributable to specific reportable segments and interest expense. It also includes run-off lines of
insurance business, including excess workers’ compensation, asbestos and environmental (1986 and prior), certain
environmental liability businesses, certain healthcare coverage, certain casualty and specialty coverages reported in
Eaglestone Reinsurance Company, and certain long-duration business, primarily in Japan and the U.S.