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American International Group, Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½) has significantly raised available global commercial property limits to $2.5 billion per occurrence.

According to the company, the move responds to the growing demand for capacity and services by clients managing more complex global risks and increasing property values. It also reflects ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s greater appetite for property risk based on its ongoing expansion of risk engineering and data analytics capabilities.

The new limits build on ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s capacity of $1.5 billion per occurrence available globally to clients since 2012.

Over the last four years, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ has built out its risk engineering capabilities, hiring more than 500 engineers to provide clients with risk mitigation services. Most recently, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ invested in Clemson University to establish a risk engineering and systems analytics center to deepen the skills sets and capabilities of its risk engineers and to enhance its efforts to transform data analytics into actionable insight for the company and its clients.

Topics Trends Commercial Lines Business Insurance Property ÌìÃÀÍøÕ¾´«Ã½´«Ã½