How did AIG fill the institutional voids? And how should AIG address the new challenges in the new millennium?
In 1992, US-based American International Group (AIG), one of the world’s largest insurance companies, was given the first license issued to any foreign company to operate in China’s insurance market. Although other foreign companies started to receive licenses in 1995, by 2001 AIG still held 8 out of the 12 licenses granted to non-Chinese firms … Read more