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Answer» What is Insurance Australia Group mean? Insurance Australia Group Limited (IAG) is a multinational insurance company headquartered in Sydney, Australia. IAG was formed by the demutualisation of the NRMA Insurance business in July 2000 and a return of shares to the members of NRMA. According to its website, NRMA Insurance Group Limited changed its name to Insurance Australia Group Limited on 15 January 2002. IAG is the name of the listed entity; it is not a customer-facing brand, however it represents the umbrella organization that holds many well known insurance brands. IAG is listed on the Australian Securities Exchange and is a constituent of the S&P/ASX 50 index. reference
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