| Underwritten by | Insurance Manufacturers of Australia Pty Limited |
|---|---|
| Underwriter AFS licence | 227678 |
| Underwriter ABN | 93 004 208 084 |
| Owner | Insurance Australia Group Limited (70%) and Royal Automobile Club of Victoria (RACV) Limited (30%) |
| Main products | Car, Motorcycle, Caravan and trailer, Boat, Veteran, vintage and classic vehicle, Home and contents, Renters, Landlord, Business, Farm, Travel |
| Issued by a different company | RACV Business, EasyBiz, Professional Indemnity, ICT Liability, Farm and EasyFarm insurance are issued by Insurance Australia Limited (ABN 11 000 016 722, AFSL 227681). RACV 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. |
| Phone | 13 72 28 |
| Website | racv.com.au/insurance.html |
Ownership: RACV motor and home insurance is issued by Insurance Manufacturers of Australia Pty Limited (IMA), a joint venture established in 1999 that IAG states is owned 70% by IAG and 30% by RACV. The RACV brand and distribution remain with RACV. No change in this ownership was found in the sources checked.
RACV Insurance is the insurance offered by the Royal Automobile Club of Victoria, a mutual organisation founded in 1903. The range includes car, motorcycle, caravan, boat, classic vehicle, home and contents, renters and landlord insurance, as well as business, farm and travel cover.
RACV does not underwrite these policies itself. Its motor and home insurance is issued by Insurance Manufacturers of Australia Pty Limited (ABN 93 004 208 084, AFSL 227678), known as IMA. IAG states that IMA is a joint venture set up with RACV in 1999 and that it is owned 70% by IAG and 30% by RACV. RACV Insurance Services Pty Ltd (AFSL 230039) acts as distributor and receives commission.
RACV business and farm insurance is issued by Insurance Australia Limited, another IAG company and the insurer behind NRMA Insurance. RACV Travel Insurance is issued by Tokio Marine and Nichido Fire Insurance Co., Ltd., which is unrelated to IAG.
Common questions
Who underwrites RACV insurance?
RACV car and home insurance is issued by Insurance Manufacturers of Australia Pty Limited (ABN 93 004 208 084, AFSL 227678).
Is RACV Insurance owned by IAG?
Partly. The insurer, Insurance Manufacturers of Australia, is owned 70% by IAG and 30% by RACV, while the RACV brand belongs to the Royal Automobile Club of Victoria.
Are RACV and NRMA Insurance the same company?
No. RACV is a Victorian member organisation and NRMA Insurance is an IAG brand, but IAG holds 70% of the company that issues RACV motor and home policies.
Who underwrites RACV travel insurance?
RACV Travel Insurance is issued by Tokio Marine and Nichido Fire Insurance Co., Ltd. (AFSL 246548), with RACV acting as its authorised representative.
Sources
Last checked: 2026-10-06