Following the hailstorm in Melbourne on 19 December 2017, Suncorp currently expects to receive more than 21,000 claims across its insurance brands including AAMI, GIO, Suncorp, Apia, Shannons and Bingle. The majority of the claims relate to home and motor vehicle damage. The financial impact of the event is expected to be in a range of $160-170 million¹.
Suncorp’s total natural hazard claim costs (encompassing both Australia and New Zealand) for the six months to 31 December 2017 is currently estimated to be in the range $406-416 million1 which is $60-70 million above the allowance for the half.
Following the hailstorm in Melbourne on 19 December 2017,...
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