American International Group (AIG) and Clemson University have entered into a $4 million collaboration to establish a risk engineering and analytics center and to put in place the Robert Benmosche Endowed Professorship in Risk Engineering and Systems Analytics.
The professorship is being established to honor AIG's former president and CEO.
“Our relationship with Clemson furthers the substantial investments AIG is making in technology, data insights and engineering to partner with our clients in new ways," John Doyle, CEO of Commercial Insurance, AIG, said. "It’s a critical part of AIG’s strategy to serve as a valued advisor to clients who are managing increasingly complex risks."
The center will be built on Clemson’s South Carolina campus. It will enhance AIG's engineering offerings and is in keeping with AIG's three-year investment in hiring 500 risk engineers and building an engineering and analytics center of excellence in Bangalore, India.
The endowed professorship will allow Clemson to develop curriculum and educational programs in the field of risk engineering and analytics.
“The endowed professorship honors Bob Benmosche, who recognized early the tremendous value AIG can offer clients through engineering and analytics,” Doyle said.
Key areas of research for the risk engineering and analytics center will be enhancing cybersecurity, catastrophe modeling, supply chain and logistics risk, loss modeling and tool development, dynamic pricing models for emerging countries, predictive risk modeling, a coastal resilience initiative and enhanced capacity to analyze unstructured data.
"We are pleased to team with AIG,” Clemson President James P. Clements said. “We have the opportunity to play a leadership role in research and education that can save lives and property. This important work will directly benefit multiple stakeholders, including Clemson’s students and faculty and AIG’s clients."
Clemson University is ranked 25th among national public universities by U.S. News & World Report. It's a public coed land grant, science and engineering-oriented research university with approximately 17,500 students in Clemson, South Carolina.
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