Aviva grows GWP but COR worsens

Adam Winslow_profile 1_Aviva_CMS

Aviva has reported a slip in its UK combined operating ratio from 94.2% to 95%.

According to the insurer, the COR for the first nine months of the year worsened due to increased claims frequency which was partly offset by improved performance in commercial lines and lower weather costs.

UK GWP increased by 7% compared to the same period of 2021 to £3.94bn. 

Commercial lines was up 13% year-on-year to £2.15bn which the insurer said was driven by the continued favourable rate environment as well as new business and retention, including 13% growth in SME and 14% in global

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

ABI campaigning for IPT cut

There has never been a greater need for a cut in Insurance Premium Tax according to the Association of British Insurers as it campaigns for an immediate drop in the rate.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: