PYMNTS-MonitorEdge-May-2024

AIG

FastPay Teams With AIG To Launch Media Receivables Funding Vehicle
FastPay Teams With AIG To Launch Media Receivables Funding Vehicle
September 04, 2019  |  Investments

Financial technology company FastPay has announced it is creating a “receivables securitization program” with an $80 million first tranche. It has partnered with AIG and...

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Insurance Firms See Opportunity In Crypto Market
Insurance Firms See Opportunity In Crypto Market
July 20, 2018  |  Cryptocurrency

As crypto gains more acceptance — and also deals with a record number of hacks — insurance companies are getting into the game. But according...

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AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
AIG: WannaCry, Data Breaches Made 2017 Worst Year Yet
June 04, 2018  |  Security & Fraud

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya, AIG received a surge of cyber claims in 2017: The insurer saw as many...

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New AIG Cybersecurity Model Scores, Benchmarks Company Risk
New AIG Cybersecurity Model Scores, Benchmarks Company Risk
December 13, 2017  |  Security & Fraud

American International Group (AIG) announced on Tuesday (Dec. 12) a new cyber benchmarking model that quantifies and scores the cyber risk of its clients. In...

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AIG To Add Cybersecurity To Policies In 2018
AIG To Add Cybersecurity To Policies In 2018
October 27, 2017  |  Security & Fraud

American International Group (AIG), the causality insurance company, is gearing up to look at all of its commercial policies with an eye toward including coverage...

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AIG Predicts Cyber Insurance From Firms In Greater China Will Skyrocket
AIG Predicts Cyber Insurance From Firms In Greater China Will Skyrocket
August 10, 2017  |  Security & Fraud

American International Group (AIG), the insurance company based in the U.S., predicted the number of cyber insurance policies will skyrocket from Chinese companies and in...

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Blockchain Tracker: The Future of Third-Party Transparency For All?
Blockchain Tracker: The Future of Third-Party Transparency For All?
July 06, 2017  |  Blockchain

Blockchain technology has been making its way through the financial sector and pouring into mainstream industries for the last few years. With the news over...

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Blockchain Tracker: AIG And IBM’s Smart Insurance Contract
Blockchain Tracker: AIG And IBM’s Smart Insurance Contract
June 22, 2017  |  Blockchain

In blockchain news, the technology may be on the verge of falling like dominos into widespread commercial use. While many outlets have reported on the difficulties...

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AIG, IBM, Standard Chartered Bank Start First Multinational Blockchain Insurance Smart Contract
AIG, IBM, Standard Chartered Bank Start First Multinational Blockchain Insurance Smart Contract
June 16, 2017  |  Blockchain

The insurance industry has now moved full force into the use of blockchain. In a joint announcement, American International Group Inc. (AIG), IBM and Standard...

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