Insurance Australia Group Ltd · ASX:IAG
Insurance Australia — Investor Day (April 2018)
7 slides from Insurance Australia's investor day presentation, Apr 11, 2018
Slide 1: New Zealand
NEW ZEALAND Alistair Smith CFO, New Zealand
Slide 2: Market-Leading Position achieved through acquisition
MARKET-LEADING POSITION achieved through acquisition A clear market leader 1H18 GWP mix ~44% overall market share 41% 59% 16% 43% Strong local brands • State, AMI (consumer) • NZI (business) Affinity relationships with three of major four banks Essentially short tail business Commercial lines predom
Slide 3: New Zealand Market Update: Favourable environment
NEW ZEALAND MARKET UPDATE Favourable environment Sound economic and system Growing population growth Claims inflation Hardening commercial challenges being met market, post-Kaikoura Large presence in consolidated Strong underlying market performance maintained 3 IAG Investor Day | 11 April 2018
Slide 4: New Zealand Market Issues
New Zealand MARKET ISSUES Key issues in main motor and property portfolios Shortage of housing stock Increased urbanisation Targeting Claims inflation More cars in Increased claim 100,000 new homes building costs, towns and cities costs over 10 years regulation ~1,000 new cars a frequency week + ave
Slide 5: Leadership Role
LEADERSHIP ROLE Leadership and influencer role on public policy issues Industry Memorandum of Understanding with Earthquake Commission (EQC) Kaikoura claims over 97% closed EQC Act changes Home cover raised to NZ$150K; contents excluded; notification limit extended 5 IAG Investor Day | 2018
Slide 6: Future Opportunities: Profitable growth in core markets
FUTURE OPPORTUNITIES Profitable growth in core markets Customer Simplification Agility • Expand exclusive repair • All claims transitioned • Effective partnering shop network to Guidewire by 2019 • Flexible working practices • Micro SME digital solution • Harmonisation of products – reduce • Activit
Slide 7: Zones
ZONES
Insurance Australia Group — Investor Day (April 2018) on 6ix