BUSINESS OVERVIEW

NEW ZEALAND

WHAT WE DO

New ZealandIAG is the leading general insurance provider in New Zealand across both direct and intermediated channels, holding approximately 36% of the market.

  • Insurance products are predominantly sold directly to customers under our State brand and through intermediaries (insurance brokers and agents) under our NZI brand.
  • Personal lines and commercial products are also distributed under third party brands by our corporate partners, including large financial institutions.
2006 FINANCIAL PERFORMANCE*
Gross written premium $971 million
Net earned premium $892 million
Combined ratio 88.6%
Insurance margin 14.5%
PRODUCTS
  • Commercial and motor fleet
  • Commercial liability
  • Commercial property
  • Construction and engineering
  • Home and contents
  • Income protection
  • Marine
  • Motor vehicle
  • Niche insurance, such as pleasure craft, boat, caravan and travel
  • Personal liability
  • Rural and horticultural
  • Surgical

BRANDS

* Figures include the allocation of the Group’s captive reinsurer.

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Additional Links:

IAG Annual Report 2005
IAG Annual Report 2004
www.iag.com.au
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IAG Annual Report 2006 - Full
IAG Annual Report 2006

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