Suncorp is about to enter the compulsory third party (CTP) insurance market in the Australian Capital Territory (ACT).
Licences have been granted for three brands within the Suncorp Group to operate within the ACT CTP scheme, effective 1 July 2013.
“As Australia’s largest personal injury insurer, Suncorp continues to focus on pursuing opportunities to grow profitably,” said Chris McHugh, Executive General Manager Statutory Portfolio with Suncorp Commercial Insurance.
“A privately underwritten personal injury scheme with active competition is able to deliver efficiency and better service for customers.
“Suncorp is pleased to bring choice to motorist in the ACT, in a market that has effectively operated as a monopoly for some time.
“An extensive marketing campaign set to roll out, highlighting that fact that good drivers will be offered rebates as part of a highly competitive CTP offering,” said McHugh.
The GIO, AAMI and Apia brands currently offer a variety of insurance covers in the ACT, and will now add CTP to their policy portfolios.
