I believe Suncorp are going to tackle head on claim costs,...

I believe Suncorp are going to tackle head on claim costs, reading in the AFR they are firstly cutting or limiting cash payouts and they are aiming to repair more of their policy holders accident damaged cars in house in their own workshops so they can save money. The next strategy is they, if not already done are aiming to aggressively use after market parts , non genuine ,which are much cheaper, just towards the later part of last year they organised a trip to the US with their team including Ray Malone of AMA to observe one of the largest after market firms. Considering how much cheaper these parts are we are talking millions in savings. Longterm I don't believe this will be an outcome that will work but in the shorter term this will deliver a healthier bottom line., so as it stands I have changed my sentiment to hold.