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16 May 2013
Mark Wilson, Group Chief Executive Officer, said:
“In the first quarter we have taken steps to deliver our investment thesis of cash flow and growth.
“Our operating expenses are now 10% lower and we are on track to deliver our cost savings target of £400 million.
“Our key measure of growth – value of new business – has increased by 18% driven by actions to improve profitability in UK Life and growth in our Asian business. In general insurance, our profitability was stable with a COR of 96% with a strong result in Canada.
“Net asset value has increased by 9% to 302 pence and our internal debt level has reduced by £300 million.
“Today’s results demonstrate the first steps towards delivery. I am conscious of the challenges and do not want to set expectations at an unrealistic level. Progress so far has been satisfactory and there is a great deal more we need to do for our shareholders.”
15 May 2013
Four months after the implementation of the Retail Distribution Review (RDR), advisers are optimistic about the future, with 90% of those surveyed still intending to remain trading at the end of 2013.
The latest Adviser Barometer from Aviva has found that advisers are finding opportunities in a variety of different economic, market and regulatory changes.
14 May 2013
Aviva is introducing a new car insurance brand for internet shoppers who want the comfort of contacting their insurer over the phone before they buy.
The new brand, which leverages Aviva’s strong heritage in the insurance motor market, is called General Accident – a well-known and respected brand that has a strong legacy in the motor insurance market and continues to resonate with motor insurance customers today.
10 May 2013
Aviva has launched a new core benefit for its large corporate private medical insurance clients, BacktoBetter, which will help employees with any musculoskeletal conditions get back to work quicker, while reducing claims and absence costs for employers.
Aviva’s BacktoBetter service will combine the health insurer’s award-winning Back-Up and Back-Up Plus programmes in one employee-focused service that helps an employer manage its spend more effectively. Available from 1 June 2013, the new service will provide Aviva’s Optimum private medical insurance clients with cover for all MSK issues for their employees.
9 May 2013
Aviva plc announces the results of its Annual General Meeting held today. All resolutions were voted on by way of a poll and were passed.
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