AIG - Fine international company now struggling to redeem itself. | Glassdoor
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There are newer employer reviews for AIG

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Helpful (1)

"Fine international company now struggling to redeem itself."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Director in New York, NY
Former Employee - Director in New York, NY
Doesn't Recommend
No opinion of CEO

Pros

I was attracted to this mega international company. Excellent benefits as well as discounts available on items such as phone service, theatre tickets - tons of these things. When I started the company had a great reputation...now, not so much.

Cons

Silo organization of hundreds of smaller insurance companies under the AIG umbrella. Difficult to move across the companies. Antiquated HR practices - no flexible work arrangements, telecommuting, job sharing in my business entity - although others were better. Bonus plan had no teeth - impossible to know what the target was and how to get there.

Advice to Management

The business succeeds on the backs of the 'average' employee. Remember them.

Other Employee Reviews for AIG

  1. Helpful (1)

    "Review of AIG Senior Claims Adjuster"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Claims Adjuster in Ontario, CA
    Former Employee - Senior Claims Adjuster in Ontario, CA

    Pros

    Great position if you already have experience, lots of freedom to handle claims how you would like to, Great salary if you are joining the company if you have experience, More than just the standard 5% max raise, You can easily get a 10% raise, Good comprehensive benefits package, There is a standard 2 week vacation allowance, but if you get more if you can show your previous employee gave 2 weeks,

    Cons

    Little room for advancement if you start in a trainee because there is a formal criteria for advancement, such as a mninimum number of Bi settlement. A regular claims adjuster only keeps claims for the first 60 days which is not enough time to settle BI claims, In the entry level position you are on an ABC phone line and have to answer your phone no matter what, Many entry level adjusters have to do their own estimates, If a claim is open more than 60 days and not settled, you are required to close down the reserves, even though you still have to actively work the file--this results in an underestimate of the claims you actually have, When you finally do have to make a payment, you have to reopen the reserves and issue the payment. The goal is to get a 110% claim closure rate, but this is only achieveable on paper when you randomly close claims. This does not make business sense

    Advice to Management

    Stop having adjusters close reserves if they still have to actively work a file, as you underestimate their workload. A 110% closure rate cannot consistenly be achieved. And if artificially done you are not are not able to track the lenghth of the average claim, nor predict liability exposure because all the reserves are closed.


  2. "Average at best"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Well-known, damaged brand name
    Good management, Lacks communication
    Compensation is good for a fresh graduate

    Cons

    Mortified to tell others
    Compensation is not high considering the number of hours worked
    Career development is an issue

    Advice to Management

    Focus on career development for younger employees.

There are newer employer reviews for AIG
There are newer employer reviews for AIG

See Most Recent

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