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IAG Become a Member of the Shared Value Project

December 10, 2014

It is with great pleasure that we announce Insurance Australia Group (IAG) as the newest member of the Shared Value Project.

IAG is the name behind some of the most trusted and respected insurance brands in Australia, New Zealand, and throughout Asia. Their businesses provide a wide range of general insurance products to protect the homes, lifestyles and businesses of their millions of customers. The company sells insurance under many leading brands including NRMA Insurance, CGU, SGIO, SGIC, Swann, WFI and Lumley Insurance (Australia); NZI, State, AMI and Lumley Insurance (New Zealand); Safety and NZI (Thailand); AAA Assurance (Vietnam); and with interests in general insurance joint ventures in Malaysia, India and China.

We took notice of IAG earlier in the year, when they were advertising for the role of ‘Head of Group Shared Value’. We knew they must be at a pivotal moment in the company, with the new role leading the development of the group’s strategic platforms, projects, and initiatives around sustainability, leadership, and community engagement with a focus on creating shared value.  Watch the video about shared value at IAG below.

IAG’s new strategy is focused on leveraging their market leadership in general insurance and risk management to create value for customers, partners, employees, shareholders and the communities in which they operate, with key material issues including building customer confidence, affordability of insurance, mitigation, safer communities, and a positive workplace.

We look forward to having IAG as a part of our member network, witnessing how they address these issues through a shared value lens, and seeing the impact of the strategy being implemented company-wide.