Investor Presentaiton
Key Horizon 1 progress
H1 H2 H3
Underwriting
practices
Implemented regular
product line portfolio
reviews tracking
actions and refining
strategies driven by
data insights.
Pricing
Deploying modern
rating tools in key
products and progress
made in delivering
more granular pricing
across all portfolios.
Claims
efficiency
Deployed and
enhanced digital Broker
Portal, creating
efficiencies for IIA and
brokers at inception.
Will go live into WFI in
1Q24.
Active expense
management
Disciplined expense
management and
delivery of operating
model change in late
FY22 will deliver a $9m
reduction in direct
admin costs.
Winning new
partner - ANZ
ANZ will be delivered
on Enterprise Platform
with integrated pricing
and standard policy
wording.
FY23 activity was
in support of our
immediate priority:
At least
$250m
insurance profit in FY24
Growth largely rate driven to achieve margin and offset claims inflation
Rate increased by ~11% in 1H23 and anticipated increase of 15% in 2H23.
Retention forecast to be 82% for FY23.
Admin ratio 1H23 improved 80 basis points.
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Investor Day | 14 June 2023
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