Annual Report Introduction
IAG's Four Principles Paying Claims Understanding & Pricing Risk Managing Costs Reducing Risk
Group Operating Performance
Chairman's Review
CEO's Review
Business Overview
Australian Personal Insurance
Australian Commercial Insurance
International Operations
Our Brands
Executive Team
Review of Operations
Board of Directors
Corporate Governance
Financial Report
Shareholder Information
Corporate Directory
BUSINESS OVERVIEW
Print
Insurance Australia Group

The name Insurance Australia Group was established in January 2002 after shareholders of NRMA Insurance Group voted to change the name of the holding company to better reflect its size, diversity, geographical distribution and aspirations. IAG companies own the NRMA Insurance, SGIC, SGIO, CGU, NZI, State and Swann brands.

NRMA Insurance

NRMA Insurance is the brand used predominantly for our personal insurance products, such as home and motor (comprehensive and CTP), sold in NSW, ACT, Queensland and Tasmania. The brand dates back to 1925 when the NRMA Motoring & Services club was established. The insurance arm of the road service association, which was set up to provide motor insurance to members, demutualised in July 2000 and became a separate group, now IAG.

SGIO

SGIO is the brand used for our personal insurance products in Western Australia and has been a part of the Western Australian community since 1926. Its origins were as a government-owned entity, providing workers’ compensation insurance to miners in the goldfields. SGIO was acquired by IAG in 1998.

SGIC

SGIC is the brand used for our personal insurance products in South Australia. SGIC was established by South Australian Parliament in 1971 to provide the community with an insurer that was dedicated to the State. SGIC was acquired by IAG in 1998.

CGU

CGU is one of Australia’s largest intermediary-based insurers with a history spanning over 130 years. It offers a diverse mix of personal, commercial, rural insurance and workers’ compensation products, sold through a comprehensive distribution network of brokers, agents and business partners. IAG acquired CGU in January 2003.

Swann Insurance

Swann Insurance is one of Australia’s largest niche insurers, offering a range of consumer credit and motor vehicle related products. IAG acquired Swann Insurance in January 2003.

NZI

NZI was formed in 1859 and is one of New Zealand’s largest and longest serving general insurers with a leading position in commercial insurance. It is now the brand under which IAG’s New Zealand operations distributes all its insurance products through brokers. IAG acquired NZI in January 2003.

State

State is the brand under which most of IAG’s direct insurance business in New Zealand is now sold. State began as the New Zealand Government’s State Insurance Office in 1905 and grew to become the largest general insurer in New Zealand. IAG acquired State in February 2001.