Aviva UK's GI net written premium falls £0.5bn
In its half year results Aviva has reported a dramatic fall in premiums in UK general insurance
Aviva UK's general insurance and health book had £2.298bn of net written premium in the first half of the year compared to £2.832bn in the first half of 2008.
Overall profitability in the book fell to £284m from £316m last year with a combined operating ratio of 99%, although reserve releases declined from £153m to £88m.
Last year, the insurer delivered £200m of annualised savings, and plans to deliver a further £150m of savings by 2010. Lower negotiated commissions has improved the distribution
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