GIO Insurance

GIO Insurance History

GIO Insurance is an Australian insurance company that has a long history dating back to its establishment in 1927. As a subsidiary of the Suncorp Group, GIO offers a variety of insurance products for individuals and businesses. Please note that the information provided is accurate as of September 2021.

History: GIO was originally founded as the Government Insurance Office (GIO) in New South Wales (NSW) in 1927. It was created to provide workers’ compensation insurance under the Workers’ Compensation Act of 1926. Over the years, GIO expanded its insurance offerings to include other types of coverage, such as home, motor, and business insurance. In 1992, GIO demutualized and became a publicly-listed company. In 2001, Suncorp-Metway Limited acquired GIO, and since then, it has been operating as a part of the Suncorp Group.

Brands GIO Operates

GIO is a well-known brand in Australia, particularly in the areas of car, home, and business insurance. As a subsidiary of the Suncorp Group, GIO operates alongside other prominent brands in the Australian insurance market, such as AAMI, Apia, Bingle, and Vero.

GIO Business Units

GIO offers various insurance products and services under the following categories:

  1. Personal Insurance: This includes car, home, motorcycle, caravan, boat, travel, and life insurance products.
  2. Business Insurance: GIO provides coverage for businesses, including workers’ compensation, public liability, professional indemnity, commercial vehicle, and property insurance.

As a subsidiary of the Suncorp Group, GIO’s market capitalization is part of the parent company’s market cap. The market capitalization of Suncorp Group Limited (ASX: SUN) is around AUD$15B

GIO Insurance Frequently Asked Questions

  1. Are GIO and AAMI the same company? No, GIO and AAMI are not the same company, but they are both subsidiaries of Suncorp Group.
  2. Who is GIO insurance underwritten by? GIO insurance is underwritten by AAI Limited, which is part of the Suncorp Group.
  3. Is Shannons insurance owned by GIO? No, Shannons insurance is not owned by GIO; both are separate brands owned by the Suncorp Group.
  4. Does GIO green slip cover driver at fault? GIO green slip, also known as Compulsory Third Party (CTP) insurance, primarily covers the cost of compensation claims for people injured or killed in an accident caused by the insured vehicle. It does not usually cover the driver at fault, but it covers their liability towards injured third parties.
  5. How do I email GIO?To email GIO, visit their website at www.gio.com.au and navigate to their “Contact Us” page. Alternatively, you can send them a message through their online form, and a representative will respond via email.
  6. Can I cancel GIO policy online? You may be able to cancel your GIO policy by logging into your account on their website. If this option is unavailable, you can call their customer service team for assistance on 13 10 10.
  7. Is GIO a Suncorp? Yes, GIO is a subsidiary of Suncorp Group.
  8. How do I make a claim on GIO? To make a claim with GIO, visit their website at www.gio.com.au and follow the instructions provided. You can also call their claims hotline, which is typically available 24/7 on 13 10 10.
  9. Are AAMI and GIO the same company? No, AAMI and GIO are separate brands but are both subsidiaries of Suncorp Group.
  10. What includes in comprehensive car insurance? Comprehensive car insurance typically covers damage to your vehicle from accidents, theft, fire, natural disasters, and vandalism. It also covers liability for injuries or property damage caused to others.
  11. Does GIO cover all drivers? GIO’s insurance policies usually cover all drivers listed on the policy, but certain restrictions or conditions may apply. Check your policy documents or contact GIO for more information.
  12. Is it worth getting comprehensive? Whether comprehensive insurance is worth it depends on your individual circumstances, such as the value of your car, potential risks, and financial situation.
  13. How do I cancel my GIO claim? To cancel a GIO claim, contact their claims team via phone on 13 10 10 and provide them with your claim number and relevant details.
  14. How do I contact NRMA? To contact NRMA, visit their website nrma.com.au for phone numbers and other contact options.
  15. How do I make a claim with GIO insurance? To make a claim with GIO, visit their website www.gio.com.au and follow the provided instructions or call their claims hotline.
  16. Is GIO owned by Suncorp? Yes, GIO is a subsidiary of Suncorp Group.
  17. Who underwrites GIO insurance? AAI Limited, part of the Suncorp Group, underwrites GIO insurance.
  18. Is GIO and AAMI the same? No, GIO and AAMI are separate brands, both owned by the Suncorp Group.
  19. Are GIO and AAMI the same company? No, GIO and AAMI are separate brands but are both subsidiaries of Suncorp Group.
  20. Who is GIO owned by? GIO is owned by Suncorp Group.
  21. Does GIO cover hail damage? Yes, GIO’s comprehensive car insurance policies typically cover hail damage.
  22. What is full comprehensive car insurance? Full comprehensive car insurance provides coverage for damage to your vehicle up to an agreed value or market value depending upon your insurance policy and other legal liability covered in your policy.
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