With Suncorp Metway, we aim to become a rising star in the Australian insurance and banking sector. The group owns Suncorp Insurance, which operates one of the nation’s largest property and casualty insurers and has a small but growing life insurance and wealth management business.
The general insurance business sells personal and commercial property/casualty insurance under its Suncorp, AAMI, GIO, Vero, and Shannons brands. In addition to its insurance business, Suncorp also runs Suncorp Bank, an operator of some 200 branches in eastern Australia. Among other products, the bank offers personal and commercial banking accounts, financial planning, and loans to consumers and small to midsized businesses.
At the same time, Suncorp became an independent corporation, although still government controlled. By the mid 1990s, Suncorp was an allfinanz (i.e. with combined banking, financial, and insurance operations) group and had assets of nearly $10 billion. Metway Bank started as the Metropolitan Permanent Building Society which was founded in 1959.
Suncorp-Metway Ltd. offers retail and business banking, life, and general insurance. The Company provides a variety of services including personal banking and loans, personal insurance products, credit cards, pension savings accounts, term deposits, property development finance, commercial lending, investments and lease financing. Suncorp-Metway serves customers globally.
An essential service like ours is an integral part of the community. We firmly believe we must contribute to a more resilient Australia. We continue to evolve Suncorp to ensure it remains relevant and competitive and we have defined four strategic foundations which guide the choices we make today and shape our focus for tomorrow.
People
Enhancing our skills and way of working to reflect the changing needs of our business
Customer
Driving stronger relationships through products and services that meet our customer’s needs
Digital & Data
Delivering value faster through smart, simple and trusted digital experiences
Advocacy
Being a voice for change on the topics that matter most to our customers, communities, people and industry.
What we do
We operate some of Australia and New Zealand’s most recognised financial services brands through three functions; Suncorp Bank, Insurance Australia & Suncorp New Zealand.