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Saturday, January 11, 2025

AIG to unveil innovation hub in Atlanta


AIG has introduced plans to spice up and develop its footprint in Atlanta with two operations shifting to a brand new innovation hub.

The agency is making a workspace that may accommodate present workers and greater than 600 further hires.

As well as, AIG is increasing its operations in Atlanta and hiring native expertise for numerous roles throughout underwriting, claims, operations, knowledge engineering and AI. The brand new hub will allow these co-located groups to incubate digital capabilities, check new processes, and collaborate extra seamlessly throughout features, accelerating innovation to advertise progress and drive scale for AIG’s core companies.

“For a few years, AIG has been part of Atlanta’s thriving enterprise neighborhood, and we sit up for creating greater than 600 high-quality jobs that may present rewarding alternatives for the proficient and expert native workforce,” mentioned Peter Zaffino, Chairman & Chief Government Officer, AIG. “This funding is a part of our dedication to proceed to boost our experience to assist our shoppers and companions navigate advanced and rising dangers, whereas constructing further capabilities for the longer term.”

“With the Atlanta innovation hub, we’re enhancing our knowledge and digital capabilities and recruiting expertise with extremely sought-after experience,” added Claude Wade, Government Vice President, Chief Digital Officer and World Head of Enterprise Operations & Claims, AIG. “Our objective is to create a collaborative house for AIG colleagues throughout underwriting, claims, operations, knowledge engineering and generative AI, enabling them to work collectively to create a differentiated expertise for our shoppers and companions.”

AIG reported a internet loss attributable to AIG frequent shareholders of $3.98bn for the second quarter (Q2) of 2024, versus internet revenue of $1.48bn throughout the identical interval of 2023.  

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The corporate’s quarterly efficiency was hit by the popularity of a $4.7bn loss following the deconsolidation of Corebridge Monetary. 

In Q1 2024, AIG reported attributable internet revenue of $1.2bn. 


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