Insurance Australia Group Ltd - Company Profile
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Business Description
Insurance Australia Group Ltd (IAG) focuses on underwriting general insurance and related businesses. The company operates under several brands comprising NRMA Insurance, CGU, SGIO, SGIC, and WFI (Australia); NZI, State, AMI, and Lumley Insurance (New Zealand); NZI (Thailand). The company operates in Australia, New Zealand and Asia.
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Business Segments
Overview
Includes activities such as corporate services, capital management, shareholders’ funds investment activities, legacy run-off reinsurance, investment in associates, and other adjacent businesses.
Performance
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Overview
Offers commercial lines and some personal lines of general insurance products. These products are sold to customers through intermediaries such as brokers, agents, and authorized representatives. The prominent brands associated with this segment are CGU Insurance and WFI Insurance.
Performance
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Overview
Comprises general insurance products underwritten in New Zealand. These products are sold directly to customers under the State and AMI brands and through intermediaries using the NZI and Lumley Insurance brands.
Performance
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Overview
Offers personal and some commercial lines of general insurance products. These products are sold directly to customers under brands like NRMA Insurance, RACV, and ROLLiN’ Insurance.
Performance
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