Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Insurance Australia Group Ltd    IAG   AU000000IAG3

INSURANCE AUSTRALIA GROUP LTD

(IAG)
  Report  
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 06/19
8.04 AUD   +1.52%
02/12INSURANCE AUSTRALIA GROUP LTD : Ex-dividend day for interim dividend
FA
02/05INSURANCE AUSTRALIA : 1st Half Profit Falls
DJ
01/02INSURANCE AUSTRALIA : IAG finalises 2019 catastrophe cover
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Insurance Australia : IAG opens Firemark Labs Sydney to spark customer innovation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/27/2017 | 03:55am EDT

(L to R): IAG executives James Orchard, EGM Innovation; Julie Batch, Chief Customer Officer; Peter Harmer, CEO; and Andrew Stead, Director Incubation, photographed at the opening of Firemark Labs in Sydney

The incubator, called Firemark Labs Sydney, will play a central role in connecting IAG talent, insights and capabilities with external partners who can help IAG design new customer experiences for today - and tomorrow.

IAG has already partnered with several organisations, including The University of Sydney, cyber security start-up UpGuard and rental platform Snug.co, who will work within Firemark Labs on new projects.

'The future of customer experience will be shaped through new technologies, capabilities and a willingness to experiment,' Julie Batch, IAG Chief Customer Officer said.

'Firemark Labs Sydney will link us to Australia's entrepreneurial community and enable our business to work with the people and partners who can help us challenge the status quo and innovate for our customers' changing needs.

'It is critical to our growth strategy that we build and connect with innovation ecosystems that bring together universities, entrepreneurs and business, along with the regulators and government, who can help us evolve.'

Firemark Labs will create an environment for IAG and its stable of brands, including NRMA Insurance, CGU, SGIO and SGIC, to draw-on external expertise and resources to spark new ideas that will enhance customer experience.

'We're embedding innovation within the business so that our people are empowered to move faster, be bolder and more imaginative no matter what their role,' James Orchard, IAG Executive General Manager for Innovation said.

'Firemark Labs is an extension of this approach, and will allow our employees to tap into human-centred design, emerging technology and customer insights that will help to solve business problems and design new solutions.

'Through taking an open approach to innovation, we're strengthening our internal culture and building new and improved experiences for our customers.'

Earlier this year IAG opened its first insurtech hub, also called Firemark Labs, in Singapore to connect with, and contribute to, the thriving start-up scene in the global technology hotspot.

In 2016, IAG launched Firemark Ventures a $75-million fund to invest in, and partner with, both start-ups and established businesses that have the potential to disrupt the value chain. Firemark Labs Sydney and Singapore will be supported by Firemark Ventures.

The term 'Firemark' refers to a fire-proof metal plaque used in the 18th century to show that a building was insured. It signals a time when insurers were shaping the future of modern industry, and represents IAG's long history of building stronger and safer communities.

Firemark Labs Sydney is located within IAG's head office in Sydney's CBD. The incubator has capacity for more than 100 people from within and outside IAG to work together in the space.

Find out more at firemarklabs.com.au

IAG - Insurance Australia Group Limited published this content on 27 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2017 07:54:08 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INSURANCE AUSTRALIA GROUP
06/18Tokio Marine Group aims for 50% local profit ratio
AQ
02/12INSURANCE AUSTRALIA GROUP LTD : Ex-dividend day for interim dividend
FA
02/05INSURANCE AUSTRALIA : 1st Half Profit Falls
DJ
01/02INSURANCE AUSTRALIA : IAG finalises 2019 catastrophe cover
PU
2018INSURANCE AUSTRALIA : Perils update following Sydney hailstorm
PU
2018INSURANCE AUSTRALIA : Gradient Institute to create ethically aware Artificial In..
PU
2018INSURANCE AUSTRALIA : IAG welcomes NSW Government commitment to climate change
PU
2018INSURANCE AUSTRALIA : IAG joins global pilot for insurance industry climate risk..
PU
2018INSURANCE AUSTRALIA GROUP LTD : Ex-dividend day for extraordinary dividend
FA
2018INSURANCE AUSTRALIA GROUP LTD : Ex-dividend day for
FA
More news
Financials (AUD)
Sales 2019 7 308 M
EBIT 2019 1 294 M
Net income 2019 998 M
Debt 2019 -
Yield 2019 4,39%
P/E ratio 2019 19,56
P/E ratio 2020 17,66
Capi. / Sales 2019 2,40x
Capi. / Sales 2020 2,29x
Capitalization 17 541 M
Chart INSURANCE AUSTRALIA GROUP LTD
Duration : Period :
Insurance Australia Group Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INSURANCE AUSTRALIA GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 7,67  AUD
Spread / Average Target 1,00%
EPS Revisions
Managers
NameTitle
Peter G. Harmer Chief Executive Officer, Executive Director & MD
Elizabeth Blomfield Bryan Chairman
Nicholas Barrie Hawkins Chief Financial Officer
Hugh Alasdair Fletcher Independent Non-Executive Director
Philip Johnson Twyman Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
INSURANCE AUSTRALIA GROUP LTD13.14%12 101
THE TRAVELERS COMPANIES25.19%38 446
TOKIO MARINE HOLDINGS INC5.14%35 626
THE ALLSTATE CORPORATION22.57%32 235
SAMPO7.73%24 107
MS&AD INSURANCE GROUP HOLDING INC12.33%18 889