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AIG200: $1.3 Bn in digitalization to regain past glory

Originally published at: https://dailyfintech.com/2022/01/13/aig200-1-3-bn-in-digitalization-to-regain-past-glory/

During the financial crisis, American International Group (AIG) could only be saved by a government bailout. Since then, the prevailing sentiment has been that even without the crisis, AIG would have destroyed substantial value notwithstanding credit default swaps, largely on account of recurring material issues in its core operations. A decade after the crisis, AIG…