Aviva UK numbers a product of Covid-19
UK COR hit 106.3% for the first half of 2020 as GI CEO Colm Holmes points to a strong underlying performance despite the business remaining in cost-cutting mode.
The Aviva UK results “are the product of the impact of Covid” according to GI CEO Colm Holmes.
As it stands the UK COR hit 106.3% (H1 2019 restated: 97.2%).
General insurance as a whole reported net written premiums (NWP) £4.7bn million (H1 2019: £4.7bn).
The GI COR was also reported as 99.8% (H1 2019: 96.8%).
Commercial
Commercial lines in the UK has been worse affected by the pandemic.
Holmes remarked that discounting the impact of Covid-19 and some other factors the COR for commercial
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