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PROFILE: Insurance Australia (IAG.AX)
Stock Exchange: ASX
Company: Insurance Australia
Ticker Codes: | IAG.AX | ASX:IAG |
Insurance Australia Group Limited underwrites general insurance products. The company operates through Consumer Division (Australia), Business Division (Australia), New Zealand, Asia, and Corporate and Other segments. It offers consumer insurance products, such as motor vehicle, home and contents, lifestyle and leisure, and compulsory third party, as well as travel insurance, life insurance, and income protection products; business insurance products, including business package, farm and crop, commercial property, construction and engineering, commercial and fleet motor, marine, workers' compensation, professional indemnity, directors' and officers', and public and products liability, as well as consumer credit, pleasure craft, boat, caravan, and travel insurance products. Insurance Australia Group Limited also provides rural and horticultural, and personal and commercial liability insurance products; and reinsurance products. The company sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, CGU, and RACV brands; and through insurance brokers, authorized representatives, and distribution partners under the CGU, WFI, and Swann insurance brands in Australia. It also sells its products directly to customers under the State and AMI brands; through insurance brokers and authorized representatives under the NZI and Lumley Insurance brands; and through corporate partners under third party brands in New Zealand, as well as directly to customers under the Safety and NZI brands in Thailand, AAA brand in Vietnam, and Asuransi Parolamas brand in Indonesia. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1925 and is headquartered in Sydney, Australia.
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