American International Group (AIG) says it will invest $1.3 billion over the next three years in its massive AIG 200 initiative to revamp and improve technology infrastructure and services.
AIG President and COO, Peter Zaffino said work on the identified “10 core operational programs” would kick-start this year.
Zaffino said: “We have been carefully planning operational road maps for each program, with a focus on resource and investment prioritisation, as well as disciplined execution.”
AIG CEO, Brian Duperreault explained the AIG 200 concept as “a marathon and not a sprint” and “will require significant investment” over time to reduce the company’s cost structure.
