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AIG'S AMERICAN INTERNATIONAL TECHNOLOGY ENTERPRISES, INC. LAUNCHES NEW INTERNET-ENABLED INSURANCE PROCESSING SOLUTION FOR PROPERTY AND CASUALTY INSURERS

NEW YORK, Mar 28, 2002-- American International Technology Enterprises, Inc. (AITE), a member company of the American International Group, Inc. (AIG) and a leading provider of insurance systems and solutions, has introduced WINS(R) Digital, web-based property-casualty insurance processing software that offers insurers the ability to improve customer service and workflow efficiencies, while providing unlimited access to information and the capacity to meet both immediate and long-term system needs.

WINS Digital is developed on the business rules of WINS, a fully integrated, highly flexible and time-tested insurance processing application, while employing today's leading edge technologies, including WebSphere, Java, HTML and XML. WINS Digital is specifically designed for the IBM iSeries integrated platform that provides a solid foundation for the deployment of e-commerce solutions while ensuring reliability and scalability with optimum performance and security. WINS Digital is capable of processing over 35 lines of business and supports policy and premium management, claims and reinsurance processing, and management information and regulatory reporting.

"WINS Digital's framework was developed to include best practices that will preserve a company's investment," said Paul Madarasz, President of AITE. "WINS Digital merges the power of technology with the security of experience by adding leading edge technology to the stability of the WINS product. Coupled with the product's modular approach, this allows property-casualty insurers to more easily customize their software package to meet their specific business needs. Whether defining business rules without the need for programming or adding lines of business as needed, WINS Digital provides the scalability to meet increased business growth, and at the same time, the flexibility to rapidly change to gain a competitive advantage."

Because WINS Digital is web-enabled, it provides insurers with a comprehensive and flexible means to connect with customers, employees, agents and other business-to-business providers worldwide. WINS Digital's productivity and workflow-enhancing features include an easy-to-use Graphical User Interface that provides industry standard point and click capabilities and customizable drop down boxes, a customer-centric database, and automated risk evaluation based on company-defined rules. In addition, WINS Digital utilizes enhanced security features defined at the User or Group profile, which, when combined with IBM's iSeries security, mitigates potential security breaches.

"WINS has been in production for over 20 years and is a very stable, reliable product," stated Bill Sabados, Vice President and CIO of MEEMIC Insurance Company based in Auburn Hills, Michigan. "AITE's introduction of WINS Digital has now afforded MEEMIC with a solution that not only works, but one that is technologically advanced, secure, flexible and user-friendly. With only an Internet Service Provider and browser, our agents will have instant access to WINS Digital, providing us with a more efficient and effective means to process business, service customers, and meet increased market demands."

AITE also offers an array of technical support and consulting services with the WINS Digital product. This includes project management, migration planning and assistance, help desk support, consulting, and training services.

For more information on AITE's products and services, please visit AITE on the web at http://aite.aig.com, call 800/788-0144 or e-mail aitemarketing@aig.com.

AITE, a member company of American International Group, Inc. (AIG), is a leading supplier of information technology solutions. From insurance systems and solutions to data center outsourcing and consulting services, AITE helps clients effectively leverage the power of today's technology, while ensuring stability to their operations.

American International Group, Inc. (AIG) is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter of commercial and industrial insurance in the United States, and the second-largest U.S. life insurer. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

CONTACT:          American International Group, Inc. 
                  Ned Burke, 212/770-3141