Suncorp Has Become 'Much Stronger,' CEO Johnston Says

Suncorp Has Become 'Much Stronger,' CEO Johnston Says

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the challenges faced by an insurance company, including bushfires and the pandemic, and how they have managed to remain resilient. It covers strategies to improve insurance margins, achieve a 50% cost to income ratio, and outlines a three-year transformation plan. The company is adapting to a low rate environment by focusing on efficiency and digitalization. The economic outlook is positive, with growth in insurance and banking volumes, and the company is focusing on organic growth.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the target cost to income ratio for the bank?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the company plan to enhance its digital capabilities?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the expected effects of removing government stimulus on the economy?

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OFF