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Company News Summary

Suncorp Group Announces New Operating Model and Business Update

01 Jul 2020  |  08:37:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Suncorp New Operating Model and Business Update

Suncorp Group announced a new operating model and leadership structure to drive further improvement in its core insurance and banking businesses and to accelerate the Group's digital and data driven transformation. The Company CEO Mr. Steve Johnston advised that while the Group had made good progress against key priorities outlined in August 2019, the summer of natural disasters and the health and economic impacts of COVID-19 justified a faster-paced transformation. FY 2021 natural hazard allowance is expected to increase by $90m to $130m.

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