Insurance Australia Group Ltd (ASX:IAG)

Company's Profile

Insurance Australia Group Limited is a general insurance company operating in Australia and New Zealand. The company is involved in underwriting general insurance risks and managing investments. Its operations are divided into three segments: Direct Insurance Australia, Intermediated Insurance Australia, and New Zealand.

Under Direct Insurance Australia, the company offers personal lines and some commercial lines of general insurance products directly to customers. These are primarily marketed under brands such as NRMA Insurance, SGIO, SGIC, RACV, CGU Insurance, and ROLLiN’ Insurance.

The Intermediated Insurance Australia segment provides commercial lines and some personal lines of general insurance products to customers through intermediaries. The main brands associated with this segment include CGU Insurance, WFI, and Coles Insurance, distributed through a partnership with Coles.

In New Zealand, the company operates under the NZI and Lumley Insurance brands, catering to general insurance needs in the New Zealand market.