IAG releases A$200mn of BI provisions in six months to the end of June
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

IAG releases A$200mn of BI provisions in six months to the end of June

Liz Bury
22 July 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
iag_logo_2022_sydney.png

IAG has released A$200mn ($138mn) of BI provisions, cutting its BI reserves to A$975mn for the year to 30 June, according to preliminary results.

The provision was reduced based on the number and nature of claims received by IAG since the High Court of Australia handed down an appeal judgment on a test case on 21 February, as well as on the firm’s...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses IAG Re/insurers
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article