Glossary of Terms
Shareholders' funds
Shareholders' funds are part of the investment portfolio and are managed separately from insurance funds
Short-tail
Classes of insurance business involving coverage for risks where claims are usually known and settled within 12 months
Suncorp Bank function
Suncorp Bank is focused on lending, deposit gathering and transaction account services to personal, small and medium enterprise, commercial and agribusiness customers.
Suncorp New Zealand function
Suncorp New Zealand distributes consumer, commercial and life insurance products through intermediaries and corporate partners, as well as insurance and personal loans directly to customers via partnerships with the New Zealand Automobile Association.