SUNCORP INSURANCE

Who are they?

The Suncorp group are a large finance, banking, and insurance corporation who are based in Brisbane, Australia. Suncorp own a huge range of banking, finance, superannuation, and insurance brand throughout Australia, and in New Zealand own the AA Insurance, Asteron life, and Vero insurance brands. AA Insurance is part of a joint venture between Suncorp and the New Zealand Automobile Association. Asteron life offer direct life insurance. Vero are a general insurance who operate through a large broker and advisor network.

What do they offer?

The New Zealand owned Suncorp group brands each offer different insurances and a variety of policy types.

AA Insurance, like Vero, are a general insurer and offer car, home, contents and vehicle insurances.

Asteron life are a specific life insurance company and their products include death, disability, income protection, mortgage and rent cover, disablement insurance, and trauma and workability insurances.

Vero offer a range of personal insurances including car, home, contents, and boat policies, as well as offering business, rural, and speciality insurance packages.

How are they rated?

The New Zealand Suncorp brands; AA Insurance, Asteron life, and Vero all have an A+ financial strength rating from Standard and Poors, meaning in terms of meeting their financial obligations in a timely manner they are all strong performers.

In addition, the Vero brand has received a lot of positive feedback from its clients and the media, particularly those in the Canterbury region, as it has been reported as being one of the top companies in terms of timeliness and paying out on claims.