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What is AAMI's (insurance company) financial position as well as their supply?

What is AAMI's (insurance company) financial position as well as their supply?

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Answer #1

AAMI is Australian Associated Motor insurance company which offers insurance services for home, travel, car, life and businesses.

Because of the lockdown its financial position will be hit moderately as several people are claiming car insurance covers because of reduced car usage, but the company doesn't expect much car insurance claims because of low usage. The company is under Suncorp which has a provision of $133mn, and excess capital of $682mn.

It offers several products in the insurance cateogory, and even though the supply would be the same as they ultimately take money from the customers. They have introduced the supply of financial relief and support options so that consumers don't suffer on delayed payment fees and cancellation.

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