A.M. BestTV: Interview with AIG’s James Mallon; Author Franz Kafka’s Insurance Impact

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In this episode of A.M.BestTV, James A. Mallon, president of life insurance at AIG Global Consumer Insurance, talks about how the company is rethinking distribution as the number of agents shrinks. Mallon said the company saw an opportunity to fill the void left by the decline in the number of full-time career agents. As a result, he said, American International Group Inc. created a new distribution group to “offer a total financial solution to a household or small business.” To maximize the effectiveness of the network, Mallon said it’s crucial that all of the agents or producers obtain a securities license. “Some of those solutions are likely to be registered products; therefore, it's critically important that we train our producers to be able to get that licensing,” Mallon said.

The episode also takes a look at how author Franz Kafka's insurance career helped influence today's workers compensation system. A.M. Best Senior Financial Analyst Fred Eslami discusses how before the novelist wrote his influential novels and other works, he served as the chief legal officer at the Accident Insurance Institute of Prague, and achieved success in the areas of accident prevention.

Click on http://www.ambest.com/v.asp?v=mallonkafka514 to view the episode. A full interview with Mallon is available at http://www.ambest.com/v.asp?v=mallon514.

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A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
908-439-2200, ext. 5561

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