• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Suncorp attuned to social priorities

18 October 2010 5:45PM
Suncorp chief executive Patrick Snowball wants Australia's general insurance industry to improve business agility and flexibility, and increase leadership and become more socially responsible.He made the call in his first address to a major industry group since he became Suncorp CEO in September 2009 - at yesterday's National Insurance Brokers Association annual convention, held in Queensland.Snowball said the industry's priority was to run sustainable, value-adding businesses. Margin growth needed to improve by use of labour productivity and cost efficiency.Competition was now intense for experienced, capable people across the financial services sector. This would place a priority on appropriate people management systems."We should broaden our horizons and achieve a better balance between commercial and social priorities," he added.Snowball also warned of increased consumer attention to financial services and products such as insurance.And, "there may well be greater government and regulatory interest in our businesses - coinciding with growing community and investor expectations of responsible behaviour."He acknowledged that the contribution of the insurance sector was not as widely recognised as it should be.He also told delegates there was a similarity between the magnitude of the Federal Government stimulus and the ongoing "stimulus" provided by the insurance sector in the form of its routine payout on insurance policies. Insurance News Australia

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use