Jun 21, 2026 – 11.21amInsurance giant IAG has taken a stake in Spacecube, a modular building firm that can rapidly deploy temporary accommodation on-site after disasters, as the Melbourne-based firm prepares to ramp up its rollout of pre-fab products in global markets.For IAG, the attraction of Spacecube is more immediate and closer to home. Its motivation is to ensure the modular building system is available as part of the insurer’s disaster response across rural and regional Australia, said Jarrod Hill, chief executive of IAG brands CGU and WFI Insurance.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Insurance giant IAG invests in prefab builder with global ambitions
IAG wants to ensure the modular building system is available as part of its disaster response across rural and regional Australia.
TL;DRAI
IAG invests in Spacecube's modular building system to enable rapid disaster response deployment in Australia while preparing for global scaling. Highlights the convergence of insurtech and resilience infrastructure: integrating rapid-response capabilities directly into insurance products and operations.
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