IAG is the parent company of a general insurance group with controlled operations in Australia and New Zealand. Its businesses underwrite more than $12 billion of premium per annum, selling insurance under leading brands, including: NRMA Insurance, CGU Insurance, SGIO, SGIC, and WFI in Australia and NZI, State, AMI and Lumley in New Zealand.
IAG’s purpose means that whether you are a customer, partner, employee, shareholder or part of the communities IAG serves, IAG exists to ‘make your world a safer place’. IAG believes its purpose will enable it to become a more sustainable business over the long term and deliver stronger and more consistent returns for its shareholders.
More than nine million Australians have been affected by a natural disaster or extreme weather event over the last 30 years. Through research, the Australian Business Roundtable for Disaster Resilience & Safer Communities has found that the total costs of natural disasters in Australia are forecast to more than double in real terms to $39 billion per year by 2050. IAG’s success is determined by how well it supports its customers to get back on their feet when disaster strikes. IAG sees that it has a responsibility to support the people and businesses it protects when they need them the most, and has the skills and experience to offer customers rapid support to help them recover. IAG also promotes disaster resilience and mitigation to help customers and communities be as prepared as possible for the risks they may face.