State Insurance is an insurance company

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 based in New Zealand

New Zealand

New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...

. "State" serves as a brand

Brand

The American Marketing Association defines a brand as a "Name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers."...

 of IAG New Zealand Limited

IAG

IAG may mean:* IAG – The IATA code for Niagara Falls International Airport* IAg – Immersion Silver plating, a conductor plating technology used for Printed circuit boards...

, a subsidiary of Insurance Australia Group

Insurance Australia Group

Insurance Australia Group Limited is an Australian publicly-listed company with its shares traded on the Australian Stock Exchange as ....

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History

State Insurance was formerly known as the State Insurance Office. Previously it had been known as 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The State Insurance Act 1990 repealed the State Insurance Act 1963 and created State Insurance as a State Owned Enterprise

State-Owned Enterprises of New Zealand

State-owned enterprises in New Zealand are registered companies listed under Schedules 1 and 2 of the State-Owned Enterprises Act 1986...

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