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   General Insurance in Australia
   National and Regional Commercial Banks in Australia
 

Territory Insurance Office - Profile Company Report Australia

30-06-2013, 9 pages

Territory Insurance Office (TIO) is a Northern Territory Government-owned banking and insurance provider. TIO is administrated from its head office in Darwin, has offices across the Northern Territory and employs approximately 240 staff. It offers savings accounts, loans and insurance services and administers the Territory Government's Motor Accidents Compensation Scheme.

TIO operates three main businesses:

  • Banking - Provides savings, credit cards, home loans, personal loans, commercial loans, financial planning, transaction, and investment accounts.
  • Insurance - Provides personal insurance and business insurance. Personal insurance products include home and contents, motor vehicles, boats, crocodile attack insurance, residential strata title insurance, landlord insurance, and mortgage protection. Business insurance products includes workers' compensation, trades insurance, professional liabilities insurance and business insurance. TIO also provides insurance cover for cyclones, storms and floods.
  • Motor Accidents Compensation Scheme - TIO is an administrator of the Northern Territory Government's no fault motor vehicle accident compensation scheme. This scheme provides no fault road users (including drivers, cyclists and pedestrians) with compensation if injured in a motor vehicle accident.

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