Insurance Australia Group

Overview

Insurance Australia Group (IAG) is a prominent player in the Australian insurance industry, established in 1925 and employing over 10,000 individuals. The company operates under various brands, including NRMA Insurance, and focuses on providing insurance solutions while addressing community resilience in the face of natural disasters. Recent publications highlight IAG's commitment to enhancing public awareness and preparedness for extreme weather events, as evidenced by research indicating a generational skills gap in home preparedness among Australians. IAG's media release emphasizes the importance of sharing knowledge and skills to mitigate risks associated with severe storms and bushfires, noting a significant increase in weather-related claims. Additionally, IAG collaborates with the National Australia Bank (NAB) on the Resilience Investment Vehicle project, which aims to combine public and private investments for funding community resilience initiatives. This project reflects IAG's broader strategy to engage with governmental and community stakeholders to enhance disaster preparedness and recovery efforts, thereby reinforcing its role in promoting safety and resilience within Australian communities.

Industry