RACV car and home insurance policies in Victoria are issued and underwritten by Insurance Manufacturers of Australia Pty Ltd (IMA), which is a long-standing joint venture structure roughly 70% owned and operated by Insurance Australia Group (IAG) alongside the Royal Automobile Club of Victoria (RACV). While RACV manages local member distribution and customer engagement, the underlying risk, policy terms, and financial liabilities are backed by IAG's underwriting framework.
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