Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 19th of June 2018

Aviva news


Aviva is a global insurer and is one of the UK's leading providers of general insurance.

Its primary products are life and home insurances, as well as business lines.

Other business streams include retirement products such as annuities, equity release schemes (home equity loans), pension products, and other investment and savings products.

Aviva Healthcare, a major provider of private medical insurance in the UK, covers hospital and outpatient care and provides disability products.

Main Aviva products:

  • Life insurance
  • Car insurance
  • Home & Contents insurance
  • Retirement planning

Website: Aviva

Latest Aviva News:

August 13, 2012

Aviva: lack of protection impacts UK business

by Gill Montia

Story link: Aviva: lack of protection impacts UK business

UK businesses are being hindered by a lack of effective sickness absence management, according to a new report from Aviva. The study highlights just what it means to have an absent employee, with 40% of employers questioned saying someone else has to pick up their work; 27% admitting that productivity falls, 22% believing that absences […]



August 2, 2012

Innovative SMEs fail to check insurance

by Gill Montia

Story link: Innovative SMEs fail to check insurance

Aviva’s latest SME Pulse survey shows that small business owners are increasingly diversifying and innovating as they look to capitalise on summer events. The numbers of SMEs putting on sales and discounts or diversifying into new areas have increased in the last six months but according to Aviva, many are putting themselves at risk by […]



August 1, 2012

Aviva completes sale of Eastern European life business

by Gill Montia

Story link: Aviva completes sale of Eastern European life business

Aviva has completed the sale of its Czech, Hungarian and Romanian life businesses to MetLife Inc’s local operating subsidiaries in those countries. In addition, the sale of its Romanian pensions business is expected to occur later this year, subject to regulatory approval. This transactions are consistent with Aviva’s strategy of focusing on fewer business segments […]



Aviva to underwrite own pet insurance

by Gill Montia

Story link: Aviva to underwrite own pet insurance

Aviva will be underwriting its own pet insurance from 1st August. The insurer has been selling pet insurance for years and says it is aware that owners worry about finding policies that will cover recurring medical conditions. So, for existing customers with Aviva and new customers from their first renewal, their cat or dog will […]



July 16, 2012

Aviva enhances critical illness cover

by Gill Montia

Story link: Aviva enhances critical illness cover

Aviva has extended the level of cover on new critical illness (CI) policies with changes including additional benefits for new conditions, new ABI+ definitions and increased maximum payments for child CI cover. Five CI conditions have been enhanced beyond ABI standard definitions as follows: cancer, Alzheimer’s disease, Parkinson’s disease, major organ transplant and motor neurone […]



July 11, 2012

Aviva: over 55s struggle with financial pressures

by Gill Montia

Story link: Aviva: over 55s struggle with financial pressures

The overall fortunes of the UK’s over-55s have continued to improve this year with incomes and savings increasing, according to Aviva’s latest Real Retirement Report. However, some age groups are struggling financially due to significant pressure from unsecured and secured debt. The UK’s over-55s saw their total savings increase over the last quarter, with the […]



July 5, 2012

Senior management changes at Aviva

by Gill Montia

Story link: Senior management changes at Aviva

Aviva has announced a number of changes to senior management, with immediate effect: David McMillan is taking up a new appointment as director, group transformation, and will manage the implementation of the new strategic plan announced shortly after the departure of ex-chief executive, Andrew Moss, in May. Mr McMillan was formerly chief executive, UK & […]



July 3, 2012

Aviva installs executive chairman

by Gill Montia

Story link: Aviva installs executive chairman

Aviva has confirmed that Lord Sharman of Redlynch retired as chairman of the board and as a director of the company on 30th June 2012, also stepping down as chairman of the insurer’s nomination committee and as a member of its corporate responsibility committee. John McFarlane has taken up the post of executive chairman with […]



June 29, 2012

Aviva and Tesco clinch life insurance deal

by Gill Montia

Story link: Aviva and Tesco clinch life insurance deal

Aviva has announced an exclusive five-year deal with Tesco Bank to provide life protection products for its UK retail customers. To be launched later this year, the deal involves the sale of Aviva’s core protection products including life insurance and critical illness cover. Products will be available online via Tesco Bank or over the phone […]



June 23, 2012

Aviva calls for corporate sustainability disclosure

by Gill Montia

Story link: Aviva calls for corporate sustainability disclosure

In an open letter to heads of state gathering for the Rio+20 summit, Aviva has called for a change in corporate reporting so that sustainability issues are included. According to the insurer, 75% of companies don’t currently report on sustainability issues meaning that the ability of markets to integrate sustainability into company valuation is severely […]



June 21, 2012

Music festival thefts drop but values rise

by Gill Montia

Story link: Music festival thefts drop but values rise

Crime figures obtained by Aviva show that possessions worth £225,000 were stolen at last year’s summer music festivals. In 2011, there were 1,101 reported incidents of thefts at eleven of the top UK festivals and according to police records, the average value per theft stood at £354. Research by the insurer also reveals that 12% […]



June 7, 2012

Aviva: finances top stressor for US men and linked to weight gain

by Gill Montia

Story link: Aviva: finances top stressor for US men and linked to weight gain

A new survey by Aviva USA, in collaboration with Mayo Clinic, has found the primary factor contributing to stress for men in the US is their financial situation. The survey also reveals a strong correlation between high levels of stress and dramatic weight gain among US males. Two out of three men reported they were […]



May 17, 2012

Aviva seeks “best person in the world” as savings sales dip

by Gill Montia

Story link: Aviva seeks “best person in the world” as savings sales dip

In a trading update, Aviva has announced that operating profit for the first quarter of 2012 is marginally down compared to the same period last year, but mostly due to the offloading of its Delta Lloyd and RAC businesses. During the period, long-term savings sales fell 5% to £7.5 billion (Q1 2011: £7.8 billion) as […]



May 11, 2012

Aviva Investors appoints interim CEO

by Gill Montia

Story link: Aviva Investors appoints interim CEO

Aviva Investors has appointed Paul Abberley as interim chief executive officer. The move means that Mr Abberley, who is currently chief executive of Aviva Investors London and of the group’s Global Investment Solutions unit, has assumed responsibility for the global business and will be joining the Aviva group executive committee. Patrick Regan, chairman of Aviva […]



May 8, 2012

Aviva’s Andrew Moss steps down over pay row

by Gill Montia

Story link: Aviva’s Andrew Moss steps down over pay row

Aviva has announced that Andrew Moss is stepping down and has ceased to be chief executive officer with immediate effect. Last week, Mr Moss declined a pay increase for 2012, Aviva’s board having heeded a number of concerns raised by shareholders regarding its latest remuneration report. The group’s chairman designate, John McFarlane, has been named […]



May 2, 2012

Low engagement levels in the run-up to auto-enrolment

by Gill Montia

Story link: Low engagement levels in the run-up to auto-enrolment

Aviva’s first ever Savings Engagement in Employment Index has exposed low levels of engagement in the run-up to automatic enrolment. According to the insurer’s research, 68% of employees questioned have little or no knowledge of automatic enrolment and only 43% of those currently without a pension said they would remain in a scheme once they […]



April 30, 2012

Aviva reviews directors’ pay

by Gill Montia

Story link: Aviva reviews directors’ pay

Following the publication of its remuneration report last month, Aviva has heeded a number of concerns raised by shareholders and is taking a look at whether overall levels of remuneration appropriately reflect changes in shareholder value over the past year. In particular, the insurer’s remuneration committee has agreed to review how the company will compensate […]



April 23, 2012

Psychiatric conditions dominate Aviva’s IP claims

by Gill Montia

Story link: Psychiatric conditions dominate Aviva’s IP claims

Aviva’s income protection (IP) cover provided payments totalling over £29.5 million in 2011, with psychiatric conditions topping the list of claims by volume. More than one in four IP claims (28%) involved psychiatric conditions – moderate depression was the most common (28%), followed by anxiety (15%) and stress (12%). Orthopaedic conditions took second place (21%) […]



April 18, 2012

Average monthly income gap over £400

by Gill Montia

Story link: Average monthly income gap over £400

Britons face an income gap of £411 per month between their current net income and what they believe would allow for a comfortable life, according to new research from Aviva. The insurer’s latest “Times of our Lives” report puts the perceived shortfall at £7,236 per year gross, although the 25 to 34 age group felt […]



March 29, 2012

Board change at Aviva

by Gill Montia

Story link: Board change at Aviva

Aviva has announced that Leslie Van de Walle, an independent non-executive director of the group, has informed the board of his intention to step down with effect from 2nd May 2012. Mr Van de Walle, who is currently chairman of construction products firm, SIG plc, is regarded as having an excellent track record of growing […]