Insurance Australia Group Limited (ASX:IAG) has outlined its aggressive expansion strategy into Asia. The insurance company expects to have $720 million invested in five Asian counties this year.
IAG says it is now shifting from a market entry focus to one of driving operation performance from its enlarged regional presence.
The insurer’s Asian businesses are expected to generate a return of more than 15 per cent by 2017.
IAG posted a net profit of $167 million in the first half of its 2012 financial year.
