AIG – Digital Transformation Strategies
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AIG Digital Transformation Strategies Report Overview
American International Group (AIG) has been focusing on leveraging emerging technologies as a part of its digital transformation strategies. The annual ICT spending of AIG was estimated at $2.5 billion in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. AIG is a multi-line insurance group that provides life insurance, property and casualty insurance, retirement products, and other financial services to individuals and businesses.
Total ICT Spending 2022 | $2.5 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Cloud Computing, Blockchain and IoT |
The AIG Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
AIG is continuously investing in emerging technologies to enhance operational efficiencies and simplify operating processes for its distribution partners and customers. AIG uses advanced technologies to capture and analyze data and derive critical insights. It is focusing on artificial intelligence based digital transformation by building AI first apps and software that uses machine learning to aid users. The company uses AI to improve claims processing with algorithms that assess, analyze, escalate, and process claims faster. AIG also utilizes predictive modeling to predict risks and help clients mitigate changing exposures.
To gain more insights on digital transformation strategies and initiatives of AIG, download a free report sample
AIG Technology Theme Focus
AIG is utilizing number of emerging technologies including artificial intelligence, big data, cloud computing, blockchain and IoT to boost operational efficiencies, improve product offerings, enhance the customer experience, and minimize risks.
AIG Technology Theme Focus
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AIG Technology Initiatives
AIG has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years. For instance, AIG leverages Beacon’s Annuity Switchboard, a process automated data delivery platform. The platform connects insurers with an ecosystem of distributors and software providers, while automating the maintenance and distribution of annuity rate and product information through an easy-to-use interface. This allows insurance providers to effectively manage and approve all annuity offerings by reducing acquisition costs.
For more insights on other technology initiatives of AIG, download a free report sample
AIG ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
AIG ICT Spend by Function, 2022(%)
For more insights on ICT spending by function, download a free report sample
AIG ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
AIG ICT Spend by Channel, 2022(%)
For more insights on ICT spending by channel, download a free report sample
AIG External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
AIG External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into AIG’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into AIG’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of AIG in 2022?
The annual ICT spending of AIG was estimated at $2.5 billion in 2022.
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Which was the key ICT spending category by function for AIG?
Data center was the key ICT spending category by function for AIG in 2022.
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Which was the key ICT spending category by channel for AIG?
Internal development and maintenance was the key ICT spending category by channel for AIG in 2022.
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Which was the key ICT spending category by segment for AIG?
Software (including cloud SaaS) was the key ICT spending category by segment for AIG in 2022.
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What are the key technology themes in focus for AIG?
The key technological theme in focus for AIG are artificial intelligence, big data, cloud computing, blockchain and IoT.
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