| Underwritten by | RACT Insurance Pty Ltd |
|---|---|
| Underwriter AFS licence | 229076 |
| Underwriter ABN | 96 068 167 804 |
| Owner | The Royal Automobile Club of Tasmania Limited |
| Main products | Car, Caravan and trailer, Boat, Home and contents, Investor (landlord), Strata, Pet, Travel |
| Issued by a different company | RACT Travel Insurance is issued by Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291, AFSL 246548) and administered by Tokio Marine Management (Australasia) Pty Ltd. Pet insurance offered through RACT is a Petinsurance.com.au product issued by PetSure (Australia) Pty Ltd (ABN 95 075 949 923, AFSL 420183) for policies first entered into on or after 7 November 2023; earlier policies and their renewals are issued by The Hollard Insurance Company Pty Ltd (ABN 78 090 584 473, AFSL 241436). |
| Phone | 13 27 22 |
| Website | ract.com.au/insurance-and-finance |
Ownership: RACT Insurance Pty Ltd is reported to be wholly owned by The Royal Automobile Club of Tasmania Limited, which bought Suncorp's 50% joint venture stake in 2021 (the joint venture ran from 2007). No change in the last 3 years was found, but current ownership was not confirmed on RACT's own site today.
RACT Insurance is the insurance business of the Royal Automobile Club of Tasmania. It sells car, home and contents, investor, strata, boat, and caravan and trailer insurance to Tasmanians through RACT branches, by phone and online.
RACT's website states that the insurance is issued by RACT Insurance Pty Ltd (ABN 96 068 167 804, AFS licence 229076). Industry reports and a 2021 ASX announcement indicate that the company was a 50:50 joint venture between RACT and Suncorp from 2007 until 2021, when Suncorp sold its half to RACT, leaving the club as sole owner. It is not part of IAG, Suncorp or Allianz.
Two products under the RACT name come from other insurers. RACT Travel Insurance is issued by Tokio Marine and Nichido Fire Insurance Co., Ltd., and the pet insurance promoted by RACT is a Petinsurance.com.au product issued by PetSure (Australia) Pty Ltd.
Common questions
Who underwrites RACT insurance?
RACT car and home insurance is issued by RACT Insurance Pty Ltd (ABN 96 068 167 804, AFSL 229076).
Who owns RACT Insurance?
RACT Insurance Pty Ltd is reported to be wholly owned by The Royal Automobile Club of Tasmania Limited, after Suncorp sold its 50% share to RACT in 2021.
Is RACT Insurance part of Suncorp?
Not any more, according to published reports. Suncorp held half of RACT Insurance from 2007 and completed the sale of that stake to RACT in 2021.
Who underwrites RACT travel and pet insurance?
RACT Travel Insurance is issued by Tokio Marine and Nichido Fire Insurance Co., Ltd. Pet insurance promoted by RACT is issued by PetSure (Australia) Pty Ltd for policies started on or after 7 November 2023.
Sources
- RACT - Car insurance (issuer statement)
- RACT - Travel insurance (issuer statement)
- RACT - Pet insurance (issuer statement)
- ASX announcement, 2 July 2021 (Suncorp, sale of RACT Insurance stake)
- Insurance Business - Suncorp completes sale of RACT Insurance stake
Last checked: 2026-10-06