IAG says it is on course to meet its premium growth forecast of 5-7% this fiscal year, after a “solid” performance in the opening months.

It also expects to achieve an insurance margin of 12.5-14.5%, CEO Mike Wilkins told the annual general meeting last week.

The insurer remains confident its Asian operations will represent 10% of gross written premium by 2016 as global economic activity shifts towards emerging economies.

“We have committed increased capability to the region to ensure we realise the potential of the broader Asian platform over the medium to longer term,” Chairman Brian Schwartz said.

Other company priorities include customer expectations and experience, insurance affordability and use of technology and data analysis to pursue customer and business advantage, he says.

“We have made significant progress in our goal to improve the broader understanding of risk, its prevention and its reduction. Over the long term this will play a key part in ensuring insurance remains affordable and accessible to all those who may need it.”