Aviva UK’s general insurance business delivered higher growth but lower profits in 2011 as it managed to pin its combined operating ratio to 2010 levels.
On premiums of £4.44bn (£4.41bn: 2010), the general insurance business produced a profit of £540m in 2011 which was down slightly on the previous year’s return of £567m. The vast majority of this...
The value of the deal was £5m.
Pukka aims to achieve £30m GWP in first year and says its telematics app product will be distributed via brokers.
Insurance more collaborative than banking, according to Accenture.
It was a fantastically busy past few weeks for people moves in the insurance market. From regulators to networks, from insurers to MGAs there was no shortage of developments. However, it was the broker market that stole the show.