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Insurance Presentation Essay

2569 words - 11 pages

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ALICO (American Life Insurance Company) is among the largest international life insurance companies in the world. ALICO has operations in more than 50 countries, with its main presence in Japan, Europe, the Middle East, Latin America and portions of Africa and the Caribbean. Headquartered in Wilmington, Delaware, in the United States of America, ALICO is licensed and regulated by the Delaware Insurance Department, as well as by other jurisdictions around the world.
ALICO's branches and subsidiaries provide a wide range of life and health insurance products through a network of approximately 28,000 agents and brokers.

The product lines include traditional ...view middle of the document...

C. V. Starr, the founder of what would later become American International Group, Inc. (AIG). Within ten years,|
| | |Starr had opened offices across China, Hong Kong and elsewhere throughout Southeast Asia. At the outbreak of World War II, insurance |
| | |operations in the region were brought to a halt, but even as hostilities wound down, the company turned its sights towards Europe, the |
| | |Middle East, Africa, the Americas, and the Caribbean, offering life and accident and health insurance to the local nationals. In 1951, |
| | |Asia Life changed its name to American Life Insurance Company (ALICO). |
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| | | |
| | | |
| | |    |
| | |Today, ALICO conducts business in over 50 countries and territories around the world, operating exclusively outside the United States. In |
| | |recent years, ALICO has expanded its presence in Central Europe, by reestablishing new life insurance operations in Romania and |
| | |Bulgaria. This augments ALICO's presence in the region which includes life insurance operations previously established in Poland, Hungary,|
| | |and the Czech and Slovak Republics. ALICO has also been active in Latin America, where the company established operations in Argentina, |
| | |Brazil, Peru and Uruguay during the 1990s. The Middle East Region has been another area of growth for the company, with new operations |
| | |established in Pakistan and Egypt in recent years. |
| | |      International diversification is a principal source of ALICO's financial and business strength. It is the foundation of a strategy |
| | |designed to develop a highly diversified revenue and earnings base. In many of the countries where ALICO operates, it leads the |
| | |market. ALICO has cultivated the ability to respond quickly to changing customer needs and marketplace conditions. ALICO is primarily |
| | |staffed with local personnel who pursue a strategy of customizing products and distribution channels to the specific requirements of their|
| | |country. This long-standing approach is the foundation of our leadership, allowing ALICO to understand local market needs and conditions. |
| | |Local awareness typifies ALICO's 80-year history and continues to this day. ...

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