AIG Announces Strategic Collaboration with McGill and Partners
McGill and Partners and AIG (AIG) announced a strategic collaboration for the subscription market that will provide clients with access to insurance solutions. As part of the initiative, AIG and McGill and Partners will leverage agentic AI capabilities to manage the deployment of capacity to clients. Through the collaboration, AIG performed a analysis of McGill and Partners' specialty portfolio. Based on this analysis, the company created underwriting criteria to enable underwriting through McGill and Partners' digital broking platform. As a result of this approach, AIG expects to deploy capacity of 25% across up to $1.6B of McGill and Partners gross premiums written specialty portfolio. AIG collaborated with Palantir (PLTR) to build an ontology of McGill and Partners portfolio. By leveraging McGill and Partners' digital broking platform in addition to Palantir's Foundry platform, AIG will develop insights on business underwritten, including near real-time exposure, limit deployment, modelled risk outputs and loss information. This access to near real-time data analysis will allow AIG to manage the performance and deployment of AIG's capacity to McGill and Partners' clients on an ongoing basis.
