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Suncorp king of insurance oligopoly as IAG falters

Differences in technology and governance help to explain why a $4 billion valuation gap has opened up between the country’s two biggest general insurers, Suncorp and Insurance Australia Group.

The story behind the growing gap between the valuation of Suncorp Group and Insurance Australia Group is shaping up as an MBA case study.

It has all the elements an aspiring consultant should expect, including contrasting technology transformations, good and bad risk management, the climate change wildcard and boardroom governance failures.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/suncorp-king-of-insurance-oligopoly-as-iag-falters-20220208-p59ulw