the map
Getting three quotes sounds like diligence. If all three brands belong to the same underwriting group, you have asked one company the same question three times. Here is who actually sits behind 35 Australian retail brands.
Last verified 2026-09-08
The number of genuinely independent underwriters in Australia is shrinking. IAG has absorbed the RACQ book and holds a longstanding joint venture over RACV; Allianz has taken on RAA. Of the state motoring clubs, only RAC WA and RACT still underwrite their own policies — and RAC WA is the subject of an IAG acquisition the ACCC has already opposed once. This matters when you shop around: fewer underwriters means more brands that are not actually competing with each other.
The PDS is the authority. Always confirm the issuer named in the Product Disclosure Statement before relying on any mapping here. These mappings change when books of business are sold, so treat this as a guide for deciding who to quote — not as a statement of fact about any policy you already hold.
Insurance Australia Limited
Australia's largest general insurer, and getting larger: it now underwrites the RACV and RACQ books as well as its own brands. SGIO and SGIC stopped selling new policies in 2022 and their personal lines customers were moved to the NRMA Insurance brand.
AAI Limited
Second largest general insurer in Australia. A single group sits behind a wide spread of consumer brands positioned at different price points.
Auto & General Insurance Company Limited
Underwrites its own direct brand alongside a number of white-label partnerships with retailers and banks.
The Hollard Insurance Company Pty Ltd
Underwrites a large portfolio of partner and direct-response brands. Acquired Commonwealth Bank's general insurance business in 2022.
QBE Insurance (Australia) Limited
Global insurer. In Australia it underwrites its own brand plus several retail partnerships.
Allianz Australia Insurance Limited
Youi Pty Ltd
Owned by OUTsurance Holdings, originally South African. Self-underwrites.
RAC Insurance Pty Limited
Still an independent underwriter, and one of the few left. IAG agreed to buy RAC's insurance arm for about $1.35 billion, but the ACCC opposed the deal in December 2025 on the grounds it would substantially lessen competition in Western Australian motor and home insurance — RAC is the WA market leader in both. IAG re-notified under the merger regime that began on 1 January 2026 and the ACCC moved it to a Phase 2 review in April 2026. No final decision at the time of writing, so RAC continues to underwrite its own policies.
Watch: IAG acquisition under ACCC Phase 2 review — re-check before relying on this.
RACT Insurance Pty Ltd (AFSL 229076)
Tasmania. Wholly owned by the RACT Group since Suncorp sold its 50% stake in 2021, and self-underwrites.
