AIG 2007 Annual Report Download - page 18

16 AIG 2007 Annual Report
Another rapidly emerging
market is Latin America,
where we see opportunities
for growing all of our lines
of insurance. The region’s
commercial and consumer
insurance sectors both
have high growth potential.
In Brazil, for example,
American Life Insurance
Company’s joint venture,
Unibanco AIG Seguros S.A.,
delivered strong revenue
growth in insurance, pension
and retirement products
in 2007.
Innovation and entrepreneurial
spirit are AIG hallmarks,
which we leverage to antici-
pate client needs and create
new products in developed
markets. AIG Europe (UK)
Limited, for example, identi-
fied an opportunity in the
directors and officers liability
market for smaller companies
listed on the London Stock
Exchange’s Alternative
Investment Market. Its award-
winning product has generated
significant new business and
strong broker interest.
Consumerism is gaining
ground in many Eastern
European countries. The
appetite for consumer goods
and upscale lifestyles offers
AIG more opportunities
to sell insurance products
and financial services.
For example, in Poland, AIG
Consumer Finance Group is
focused on growing its credit
card business and expanding
its branch-based system
for making personal loans.
AIG sees many opportunities
in India (pictured) from
changing lifestyles, a grow-
ing middle class with more
disposable income, a large
rural population receptive to
microinsurance and personal
insurance products, and a
fast-growing economy.
We see growth potential in
insurance, consumer finance,
real estate, asset manage-
ment, infrastructure
investments, mutual funds
and private equity.