In a speech to to the American Chamber of Commerce Mike Wilkins, Managing Director and CEO of IAG Insurance Group Australia described 2011 as one of the toughest years ever for insurers in Australia, punctuated by flooding, cyclones, earthquakes and bushfires.
IAG’s businesses, which include NRMA Insurance, CGU, Swann, SGIO, SGIC and The Buzz, have this year injected hundreds of millions of dollars in gross payouts directly to affected communities, helping individuals and businesses get back on their feet faster and minimising the impact on our economy.
In the speech he also outline the insurers plans in looking ahead and consider the key factors and trends that will shape Australia’s insurance market over the next 12 months and beyond
- Making sure that our communities are safer so we are better prepared for the next significant challenges Mother Nature throws at us.
- Ensuring IAG product, insurance, remains relevant.
- Keeping insurance affordable.
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