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Suncorp Group Provides Natural Hazard Update

31 Mar 2021  |  07:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Natural Hazard Update

Suncorp Group provided an update on the expected financial impact from the heavy rainfall and flooding across NSW, South East Qld and Vic. It had received just over 7,600 claims across all three states. Claims numbers are expected to rise further as customers gain access to affected regions and the extent of damage becomes clear. Around three-quarters of claims are from NSW, with around 20% from Qld and the balance from Vic and the ACT. The severity of claims varies significantly between regions.

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