State Insurance is an

insurance company Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

based in

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

. , it is a business division of

IAG New Zealand IAG New Zealand (IAG NZ) is the New Zealand subsidiary of Insurance Australia Group. It is the largest general insurance company in New Zealand, just as its parent is the largest in Australia. It has a number of insurance brands it has acquired ...

, a subsidiary of

Insurance Australia Group Insurance Australia Group Limited (IAG) is a multinational insurance company. It is the largest general insurance company in Australia, and also the largest in New Zealand through its subsidiary IAG New Zealand. IAG had its origins in the Na ...

History

State Insurance was formerly called the State Insurance Office. Previously, it had been the State Fire and Accident Office. The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

. In late 2014, State closed all but one of its branches saying that 94% of customers were conducting their business online or over the phone. The branch in Riccarton,

Christchurch Christchurch (; ) is the largest city in the South Island and the List of cities in New Zealand, second-largest city by urban area population in New Zealand. Christchurch has an urban population of , and a metropolitan population of over hal ...

, remained open due to the specific customer needs in the area surrounding the

2011 Christchurch earthquake A major earthquake occurred in Christchurch on Tuesday 22 February 2011 at 12:51 p.m. New Zealand Daylight Time, local time (23:51 Coordinated Universal Time, UTC, 21 February). The () earthquake struck the Canterbury Region ...

, until it closed in 2020. The company has had well-known commercials that feature the song " Break My Stride".

References

External links

* Insurance companies of New Zealand {{insurance-company-stub