AAMI

AAMI

AAMI

Australian general insurance provider

For other uses, see AAMI (disambiguation).

Australian Associated Motor Insurers Limited (commonly referred to as AAMI) is an Australian general insurance provider offering car, home, CTP and business insurance. AAMI has vehicle assessment centres in Victoria, New South Wales, Queensland, South Australia and Western Australia. AAMI has been a brand and subsidiary of Suncorp Group since 2007. Its headquarters are in Melbourne, Victoria.

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History

Australian Associated Motor Insurers Ltd (AAMI) was founded with its current name in December 1970, after having provided insurance policies to motor clubs under an arrangement with Club Motor from 1934 onwards.[1][citation needed] AAMI commenced business as a motor vehicle insurer, offering an independent alternative to government-owned and motor club-owned insurers.[2]

In 1989, AAMI diversified and launched into the home insurance market. Since then, AAMI has launched into a range of other areas, including travel, life insurance and small business insurance and income protection.

Community initiatives

AAMI has launched a few community initiatives, such as the AAMI Skilled Drivers Course, and has partnerships with several public service services such as Victoria State Emergency Service.

Controversies

AAMI was investigated by the Banking Royal Commission. It found that AAMI did not act appropriately. [3]

References

  1. [1]
    "State Library of Victoria Media Release". SLV. Retrieved 16 May 2012.
  2. [2]
    From Club to Corporation: Motor Insurance and the rise of Australian Associated Motor Insurers Ltd (AAMI) 1933-1999 by Simon Smith. ISBN 0958164606, 9780958164603
  3. [3]
    "AAMI could have been fined $7m over dodgy ads, got away with paying just $43k". ABC News. 19 September 2018.
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