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Suncorp is Australia’s third largest general insurance group. The general insurance business includes personal insurance products such as home and contents and personal effects cover, motor and boat, compulsory third party insurance, workers compensation and a range of commercial insurance products tailored to the small to medium business market such as property, marine, rural and liability.
Suncorp includes leading general insurance, banking, life insurance, superannuation and investment brands in Australia and New Zealand. The Group has around 16,000 employees and relationships with nine million customers. It is a Top 25 ASX listed company with over $95 billion in assets.
They acquired AMP/GIO General Insurance in 2001 and AMP Ltd’s 50 percent shareholdings in motor club insurance joint ventures in RACQ (Queensland) and RAA (South Australia). Both of these joint ventures hold substantial market shares in their respective states. These businesses run independently and in competition with Suncorp’s existing general insurance business.
Following the merger with Promina, they now serve more than 6 million general insurance customers throughout Australia and New Zealand and provides personal and specialised insurances through well known brands such as AAMI, Apia, Shannons and Just Car in Australia and Vero in New Zealand.
Claim Hotline: 13 25 24
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Suncorp in the News
Mark Milliner reappointed as ICA President The Board of the Insurance Council of Australia (ICA) have announced the return of Mark Milliner as President from July 1, 2016. Mark Milliner, who is IAG’s Chief Operating Officer, previously […]
With half yearly profit reporting season in full swing the fortunes for our leading insurers vary, here is summary of some of the results. Insurance Australia Group (IAG) half-year profit jumps 39% with improved performances […]
The latest Life Insurance performance statistics release by the Australian Prudential Regulation Authority (APRA) shows a decline in profit despite an increase in revenue. For the twelve months to 30 September 2013 the industry net profit after […]
Seven years after joining the Suncorp Group life insurer Asteron has added it to it logo, Asteron Life has been a specialist life insurance company for more than 175 years. Suncorp Group is the leading […]
Insurance Australia Group chief executive Mike Wilkins has told businessday.com.au that Australian companies are seeking lower premiums or are cutting cover, in what IAG see as sign of softning economic conditons. ”People are just very conscious […]
Suncorp full-year profits is down to $274 million (from 491 million in 2012) despite a growth in its house insurance and car insurance premiums. A large portion of the loss has be attributed to its […]
Not all insurers offer flood cover with Landlords Insurance. AAMI, Suncorp and Vero are amongst the Australian insurers that include it automatically. Allianz, CGU and Zurich offer optional cover. Before for purchasing check with the […]
RAC Insurance has appointed John Stringer as CEO, replacing Mike McCarthy who left in December. Mr Stringer joined the Western Australian based insurer in February 2011 as GM Claims and has more than 35 years’ […]
The top ten insurers in Australia account for nearly 80 per cent of the sector’s $2.8 billion in profit last year, official figures show. At the same time, some 23 insurers operating in Australia, including […]
Suncorp has reported an improvement in its overall result, recovering from record claims last year, Suncorp’s full-year general insurance profit of A$493 million exceeded expectations for a profit of A$390 million This follows fellow Australian […]