UNDERSTANDING
AND PRICING RISK
Our long-term sustainability relies on
our ability to price risk accurately and fairly.
Insurers set premiums before the cost of claims is known. The challenge is to anticipate the potential risk and price it accurately and fairly, ensuring it’s neither overpriced nor underpriced. Expertise in understanding risk is vital to an insurer’s long-term viability. That’s why we have the most extensive record of claims history in Australia, and have specialists such as industry researchers, climatologists, underwriters and actuaries, who collect and analyse data every day.
Read about how we put our expertise to use.
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TOTAL PROPERTY VALUES INSURED |
Total property values insured by IAG businesses as at 30 June 2007. |
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IAG PEOPLE INVOLVED IN MANAGING RISK |
Around 12,000 employees across different areas of our business in Australia and New Zealand are involved in managing risk. |
