In Cyprus, AIG Europe S.A. offers its products via independent brokers and agents. AIG compensates brokers and agents through commissions which are a percentage of premium, at the time of each purchase and renewal of a particular insurance policy. Moreover, agents may receive additional commission that is contingent in nature depending on business volume and/or profitability.
AIG Europe S.A.is a subsidiary of American International Group, Inc. (AIG).
American International Group, Inc. (AIG) is a leading global insurance organisation. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.