American Life Insurance Company · Wilmington, DE United States
Company Description
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This link will open in a new window Belying its moniker, American Life Insurance Company (ALICO) provides life and health insurance only outside the US. (Fairness dictates noting that ALICO was named Asia Life Insurance Company for its first three decades, dating from its 1921 founding in Shanghai, China.) The company operates in more than 50 countries worldwide; Japan is ALICO's largest single market. ALICO sells such individual and group products as life insurance and annuities, accident and health coverage, and pensions. The company markets its products through a network of some 40,000 agents and brokers, and banks in some markets. ALICO is a subsidiary of troubled US insurance giant American International Group (AIG). To read the full description, subscribe now.
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Key American Life Insurance Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 3,000 |
American Life Insurance Company Executives
6 executives listed for American Life Insurance Company's Wilmington, DE location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Rodney Martin | Network |
| President and COO | Joyce Phillips | Network |
| SVP and CFO | George McClennen | Network |
Competition
Competitive Landscape for American Life Insurance Company
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top American Life Insurance Company Competitors
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