IAG ups natural peril allowance to A$909mn and details A$1.1bn nat cat losses
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IAG ups natural peril allowance to A$909mn and details A$1.1bn nat cat losses

Samuel Casey
12 August 2022
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Australian insurer IAG has increased its natural peril allowance post-quota share by A$144mn ($102mn), or 19%, to A$909mn for 2023.

The carrier made the disclosure in its results to August, which noted that severity and frequency of extreme weather events was higher in 2022 than previous years.

Natural

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Samuel Casey
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