Suncorp’s risk controls and ops face up to Queensland floods

Suncorp has faced severe operational and financial challenges in the wake of the Queensland floods and other natural disasters in Australasia during the past year. Group chief risk officer Robert Stribling explains how centralised operational procedures and prudent risk management have enabled the company to weather the storm.

bob-stribling

There is no doubt that 2010/11 is shaping up to be an expensive financial year for insurers across Australia and New Zealand. In January alone, cyclones and storms across Queensland and Victoria caused an estimated A$2.75 billion ($2.9 billion) in damages, according to the Insurance Council of Australia. February’s 6.3 magnitude earthquake near Christchurch could end up costing as much as NZ$16 billion ($12.5 billion). Add to this the various smaller floods and bushfires that have plagued

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here