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Web-Based Application System Designed to Quickly Bind, Compare and Expedite Quotes

NEW YORK--(BUSINESS WIRE)--Jan. 2, 2007--National Union Fire Insurance Company of Pittsburgh, Pa.(R) (National Union), a member company of American International Group, Inc. (AIG), today announced the release of the Interactive Application for PrivateRisk Protector(R). This new Web-based application allows insurance brokers to electronically start and finish the application process in one session. It also enables brokers to close the application while storing all of the data that was input earlier, allowing a broker to open and e-mail the same application to a desired recipient to complete it online and return to the broker for a proposed indication.

The Interactive Application can be used in conjunction with AIG ePro, a Web-based system that allows brokers to quote and bind PrivateRisk Protector coverages in just minutes. PrivateRisk Protector is a portfolio of management and professional liability coverages designed for private companies, including, but not limited to: directors and officers liability; employment practice liability; pension trust liability; fidelity and crime coverage; and Internet media liability.

The PrivateRisk Protector Interactive Application was engineered as a way for brokers to quickly gather client information and turn around quotes on PrivateRisk Protector. Using the new Interactive Application is as simple as word processing, with no training necessary. The key advantages for using the PrivateRisk Protector Interactive Application are:

  • Lowers transaction costs and saves time. Brokers can use one paperless transaction to secure multiple coverages. The application can be submitted to an underwriter with one click.
  • Less administrative work because the application has been pared down. Also, the application can be saved and password protected to enable brokers to submit 24-hours a day.
  • Enhanced accuracy from a clear format.

"The new Interactive Application for PrivateRisk Protector was created in response to brokers' requests to simplify, streamline and automate the application process for PrivateRisk Protector," said Brian Inselberg, President, Private and Not-for-Profit Liability Group, National Union. "The introduction of the Interactive Application alongside our ePro quote and bind system are examples of how National Union employs technology to help brokers easily and more cost-effectively conduct business."

The only software required to run the Interactive Application is Adobe Reader 7.0.5 or higher (which can be downloaded free of charge at www.adobe.com). The Interactive Application is accessible at www.accessaig.com, www.aignationalunion.com or www.aigsmallbusiness.com.

For more information on AIG PrivateRisk Protector, please visit www.aignationalunion.com , call (877) TO-SERVE (877-867-3783) or email us at: epro_support@aig.com .

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo

*Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties.

American International Group, Inc.
Peter Tulupman, Public Relations Manager