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AIG SPECIALTY WORKERS' COMPENSATION ANNOUNCES LAUNCH OF AIG RISKTOOL SYSTEM

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NEW YORK--Dec. 9, 2003--AIG Specialty Workers' Compensation(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced the launch of AIG RiskTool System(SM), an online loss prevention and risk management platform for policyholders and their brokers.

The AIG RiskTool System enables customers and their brokers to obtain loss control information in real time, identify workplace risks to reduce employee injuries and build and monitor risk management programs online. The program, developed in conjunction with AIG Consultants, Inc., is accessible from the division's new Web site, Partners in Productivity(SM) (www.aigswc.com).

"The AIG RiskTool System is the first online extension of services directly to our policyholders," commented Jim Roberts, President of AIG Specialty Workers' Compensation. "The platform provides comprehensive, easy-to-use tools for preventing workplace injuries and meeting state and federal regulations, and is scalable so that the application is relevant for small, middle market and large commercial customers."

With the new online tool, clients can create a customized risk management program by entering information regarding their corporate structure, company locations and exposure to loss from workplace hazards. Once an organization's unique profile has been completed, the insured can prepare training, maintenance and day-to-day loss prevention plans accessible to its internal staff and external business partners.

AIG Specialty Workers' Compensation is a leading provider of workers' compensation coverage for small and midsize employers. The division offers complete underwriting, loss control and claim services for a comprehensive range of workers' compensation risks.

For more information, please contact AIG Specialty Workers' Compensation Senior Vice President Larry Corsi at (908) 679-3499.

AIG is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, 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. Andrew Silver, 212-770-3141 Public Relations Manager SOURCE: American International Group, Inc.