We learned about Aviva’s marketing strategy in our previous article. We shall go into detail about the marketing strategy of AIG in this article because it is a preeminent international insurance company.
The marketing initiatives of American International Group had a significant role in the company’s growth. As more and more people move their businesses online, marketing is evolving.
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Do you want to know how AIG become so prosperous in the insurance sector? This article will explain the marketing strategy of AIG and help you figure out the solution. Let’s begin with the company’s history and target market before delving further.
About AIG –
Source – 1000 logos
The American multinational financial and insurance company American International Group, Inc. (AIG) has operations in more than 80 different nations and jurisdictions. AIG companies had 49,600 employees as of January 1, 2019. General Insurance, Life & Retirement, and a stand-alone subsidiary with a focus on technology are the company’s three primary lines of business.
Commercial, personal, and international field operations are all part of general insurance. Life & Retirement encompasses Institutional Markets, Life, Group Retirement, and Individual Retirement. The golf competition known as the AIG Women’s Open is sponsored by AIG.
The corporate headquarters of AIG is located in New York City, and the business also maintains operations elsewhere. 83% of the Forbes 2000 and 87% of the Fortune Global 500 are served by AIG. On the 2018 Fortune 500 list, AIG was rated number 60.
AIG is ranked as the 87th largest public corporation in the world by Forbes Global 2000 for 2016. AIG has $65.2 billion in shareholder equity as of December 31, 2017.
AIG was saved by the Federal Reserve for $180 billion during the 2007–2008 financial crisis, and the Financial Crisis Inquiry Commission linked AIG’s failure to the widespread sale of unhedged insurance. In 2012, AIG paid the US government $205 billion back.
(President and CEO)
|Market Revenue||US$52.06 billion (2021)|
|Vision||We are committed to create enjoyable real estate transactions through the efforts of the most dedicated professionals supported by innovative programs, tools and management.|
|Tagline||“Bring on Tomorrow”|
Marketing Strategy of AIG –
Let’s learn about the marketing strategy of AIG! First, let’s understand the STP Analysis of AIG.
Segmentation, Targeting, and Positioning
AIG segments its services in Businesses and individuals looking for financial guidance.
AIG’s target audiences are Large businesses and wealthy individual investors.
AIG is positioned as a reliable banking institution for clients.
Rugby tournaments and leagues including USA Rugby, the Japanese Rugby Federation, and initiatives like Rookie Rugby and Rugby in a Box are all sponsored by AIG. Additionally, American International Group has supported New Zealand Rugby and the illustrious All Blacks as its official insurance partner and global sponsor.
As part of a four-year sponsorship agreement, the AIG emblem was shown on the football team’s jerseys. Through numerous marketing initiatives, advertisements can be seen on television, in print publications, and on billboards.
AIG sponsored a nationwide drone race on ESPN in addition to using paid and organic social and paid search as part of their channel mix. The company used heat mapping to quickly determine what data influencers were most interested in.
Social Media Marketing
The business is quite active on a number of social media networks. It is accessible on Facebook, LinkedIn, Instagram, and Twitter.
- 432000 followers on Twitter
- 1,510 Followers on Instagram
- 777,840 followers on LinkedIn
- 331,984 Followers on Facebook
It has the maximum number of followers on LinkedIn.
Source – UberSuggest
As per SEO ranking, it is said that the number of keywords – below 500 is bad, above 1000 is good, and 10,000+ is amazing. As we can see that https://www.aig.com/ has 77,723 organic keywords and it’s considered as good. That means the digital marketing of AIG is gaining an amazing number of insights.
The website receives around 294K+ traffic, indicating that its SEO techniques are cutting-edge and current.
To spread and amplify their thoughts, AIG is utilising a new category of “data influencers.”
Six per cent of the population, or about 10 million people, are both data literate and utilise data to influence others. One of the first companies to attempt to leverage these new influencers is H+K client AIG.
You can enrol for insurance, investment and claims on their official website. Once you open their website you get various service options once you select you are directed to another website core bridge financial which will guide you through further procedures.
AIG has multiple mobile apps available on Google Play Store.
- AIG RS – 3+ ratings and 10T+ downloads
- AIG Travel Assistance – 5 ratings and 50K+ downloads
- AIG SG – 3+ ratings and 10T+ downloads (not available in India)
- AIG Safe Travel – 3.4 ratings and 10T+ downloads
Content Marketing Strategies
As for Content Marketing, AIG has a separate newsroom in which they post various articles, stories, videos, social media posts, and news releases as a part of their content.
This ends the elaborative marketing strategy of AIG. Let us conclude our learning below.
What’s unique about the marketing strategy of AIG?
As seen in the article, AIG has a clear STP Analysis. AIG as a parent company does not have many marketing campaigns but its subsidiaries so have. AIG has a good Social media presence and SEO Strategy.
AIG also have have e-commerce strategies and a mobile app for their customer’s convenience. This shows that the marketing strategy of AIG is good and it has managed to satisfy its customers and surpass its competitors.
This shows how important digital marketing has become to attract and retain your customers irrespective of the industry you work in.
With the increasing importance of digital marketing, learning about the growing field is an important step. If you would like to learn more and develop skills, check out IIDE’s 4 Month Digital Marketing Course and 11-Month Digital Marketing Course to learn more.
We hope this blog on the marketing strategy of AIG has given you a good insight into the company’s marketing strategies.
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