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Company News Summary

Suncorp Group Provides Investor Update Presentation

01 Jul 2020  |  08:40:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Suncorp Investor Update Presentation and Speaking Notes

Suncorp Group provided investor update presentation. It reported a new Insurance Product and Portfolio role will be accountable for brands, marketing, product, underwriting and all forms of distribution. The Customer and Digital function will be disbanded with existing teams transitioned into the operating businesses and risk and legal functions remain largely unchanged. For FY 2021 it have restructured aggregate reinsurance protection and replaced the Natural Hazards Aggregate Protection (NHAP) and the Aggregate Stop Loss (ASL) with a new Aggregate Excess of Loss (AXL) cover.

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