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Why choose AIG Ocean Marine?

If you’re moving goods across land, sea, or overseas - whether you’re the manufacturer, commodity trader, or logistics service providers - AIG can help you protect your investment.

AIG offers multi product integration with other lines of business for a comprehensive program. Brokers and customers have direct access to the decision makers.

CargoXpress

Trade on Sunrise

For SME clients, brokers can also quote and bind CargoXpress product online via the Sunrise broker platform.

The AIG Advantage

Integrated “One AIG” Approach

AIG’s integrated platform helps provide clients with the solutions they need.

Global Footprint in 75+ Countries and Jurisdictions

AIG Cargo provides clients with a suite of global insurance and captive solutions.

Dedicated Risk Engineers and Claims Professionals

AIG specialised cargo underwriters enable clients to address their complex global risks.

Ocean Marine Solutions

AIG Marine Cargo insurance covers goods in transit globally, helping to prevent supply chain disruptions that have adverse effects on customer loyalty, corporate reputation and cash flow.  We cover accidental physical loss and damage to cargo in transit, which can be extended to encompass storage risks outside of the ordinary course of transit.

With a capacity of up to $50 million in policy limits, there is also an option to integrate this with other lines of business for a comprehensive program.

  • Manufacturers/Wholesalers/Distributers
  • Containarised/ Bulk & break bulk cargoes
  • Temperature sensitive cargo
  • Project cargo
  • Mineral & Metal processing
  • Energy & Mining
  • Food & Beverage production/ distribution

We have strong underwriting appetite for all of the industries above. Other industries and occupations can be reviewed and considered upon further discussion.

 

AIG Ocean Marine Differentiators

  • Creates customised, sustainable cargo solutions utilising industry leading expertise, claims data, risk engineering and trend insights
  • Provides flexible coverages from basic containerised shipments to complex time sensitive project cargo solutions

  • Enables a consistent, seamless experience supported by locally admitted coverage for clients in approximately 70 countries and jurisdictions

  • Supports clients with captive management services, captive feasibility studies, operational reviews, and accounting and in-domicile regulatory filings 

  • Offers clients many of the benefits of standalone captives, without the full operating costs of standalone captives, through “rent-a-captive” facilities in Vermont and Bermuda

  • Provides Marine Loss Control Engineering (MLCE) and Claims resources to help clients understand their risks

  • Upon coverage confirmation, AIG’s Marine Claims Promise provides funds up to 50% of client’s share of an agreed loss estimate within 7 days for property damage/repairs, sue and labor, and debris removal 

  • Delivers a global, end-to-end solution for clients’ claims intake, adjudication and management to help ensure a seamless claims process 

Real-World Problem Solving

Benefit from our proven experience in working with clients and brokers to deliver successful outcomes.

Challenge

A global manufacturing client expanded operations through an acquisition that changed its risk profile and insurance requirements.

Solution

AIG developed a tailored integrated solution that addressed the client’s enhanced risks supported by Ocean Cargo, Excess Casualty and Cyber.

AIG Benefit

The company was able to integrate the new entity into their existing insurance program, further enhanced by the expanded coverage necessary.

Challenge

A long-time, multinational client was experiencing increased loss activity and needed a solution to restructure their global marine cargo program.

Solution

AIG specialist Cargo underwriters with the support of the Multinational team, developed a customised solution building on the client’s current program and pre-existing captive facility.

AIG Benefit

The client received sustainable, long-term solutions designed to specifically address their global marine cargo risk.

Challenge

A client wanted to benchmark the efficiancy of their supply chain and operations to help ensure the safety of their products in transit.

Solution

AIG Marine Loss Control Engineering (MLCE) conducted a route survey for accumulation, seasonality, and packaging standards. It also completed an on-site port assessment for stowage, securing practices and vessel suitability.

AIG Benefit

MLCE collaborated with the client to create and implement a prescriptive risk management program for their marine cargo risks.

Meet Your AIG Ocean Marine Team

View contact information for AIG’s national product and distribution teams in your region.

Downloadable Materials

Download PDF [710 kb]

Filename
aig-australia-marine-product-profile.pdf
Size
901 KB
Format
application/pdf
Marine Product Profile

Download PDF [237.8 kb]

Filename
aig-au-marine-claims-value-proposition.pdf
Size
1 MB
Format
application/pdf
Marine Claims Value Proposition

Download PDF [237.8 kb]

Filename
aig-au-marine-claims-promise.pdf
Size
1 MB
Format
application/pdf
Marine Claims Promise

The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.

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