Parent Company: Insurance Australia Group Limited
Brand Value: $473 Mil.
Headquarter City: Melbourne
Year Formed: 1903
The Royal Automobile Club of Victoria (RACV) offers a range of insurance products, some owned by its parent, IAG and marketing under the RACV brand, to 2.1 million members. RACV emphasizes its insurance products including business and home, travel, motor boats and marine, caravans, even classic and vintage cars. Originally called the Automobile Club, it received approval from King George V to add “Royal” to its name in 1916 and is currently a leading insurance provider in Victoria as well as the largest member organisation in the state. An active part of the local community, RACV support local programs through the RACV community foundation and their partner programs.