Insurance Australia Group Ltd - Company Profile
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Insurance Australia Group Ltd (IAG) is a provider of general insurance. The group, through its subsidiaries, provides an array of personal and commercial insurance products. It offers insurance products for commercial and motor fleet, commercial liability, commercial property, home and contents, construction and engineering, and marine. The group also offers travel insurance, income protection insurance, farm, crop and livestock insurance, commercial liability insurance, personal liability insurance, professional indemnity insurance, rural and horticultural insurance and workers' compensation insurance. The group markets its products under various brands such as NRMA Insurance, SGIO, SGIC, WFI, CGU and NZI. It has operations in New Zealand, Australia, Malaysia, and India. IAG is headquartered in Sydney, Australia.
Insurance Australia Group Ltd premium industry data and analytics
Products and Services
Products | Brands |
---|---|
Short Tail Insurance: | NRMA Insurance |
Motor Vehicle Insurance | SGIO |
Home and Contents Insurance | SGIC |
XYZ | XYZ |
XYZ | XYZ |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the company signed an Enforceable Undertaking with the Fair Work Ombudsman for the underpayment of certain employee entitlements and outlined the steps. |
2024 | Contracts/Agreements | In March, WFI Insurance entered into a partnership with Farmsafe Australia to promote safer farming practices and raise awareness about farming risks. |
2023 | Acquisitions/Mergers/Takeovers | In July, the company completed the acquisition of Mums & Co. |
Competitor Comparison
Key Parameters | Insurance Australia Group Ltd | QBE Insurance Group Ltd | Suncorp Group Ltd | Allianz Australia Limited | Chubb Insurance Australia Limited |
---|---|---|---|---|---|
Headquarters | Australia | Australia | Australia | Australia | Australia |
City | Sydney | Sydney | Brisbane | Sydney | Sydney |
State/Province | New South Wales | New South Wales | Queensland | New South Wales | New South Wales |
No. of Employees | 13,650 | 13,479 | 13,300 | - | 800 |
Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Nicholas B Hawkins | Chief Executive Officer; Director; Managing Director | Executive Board | 2020 | - |
William McDonnell | Chief Financial Officer | Senior Management | 2023 | - |
Neil Morgan | Chief Operating Officer | Senior Management | 2021 | - |
Peter Taylor | Chief Risk Officer | Senior Management | 2022 | - |
Rachael O'Brien | Chief Risk Officer | Senior Management | 2024 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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