Aviva Ireland has provided €5 million in funding to the Nature Trust that will result in the planting of approximately 1.2 million native tree saplings across several sites throughout the Republic. Ciaran Fallon (left), managing director with The Nature Trust; Virginia Lawlor (middle), CFO with Aviva Life...
Aviva Life Insurance Aviva Life Insurance Company – Overview More than 15 years since the inception of Aviva India Life Insurance Company as the result of a joint collaboration between Dabur India and the UK-based insurance company Aviva Plc, this company has climbed to the ranks of being one of the foremost names in the life insurance sector. Currently, Aviva India Life Insurance Company is tied up with more than 40 banks and finance houses. The group operates through its large network of 107 branches spread across 3000 locations in India. The company with the help of its vast chain of financial planning advisors numbering to more than 13,500 has served more than 33 million...
The pensions industry’s traditional focus on accumulation has served clients with a defined benefit (DB) pot well, as they are able to enjoy a steady income for life. But now that the sector has started to see the first defined contribution (DC) retirees, that same framework is likely to fall short of providing consumers with the stability they need in later life. Speaking at the Pensions and Lifetime Savings Association (PLSA) annual conference, attended by International Adviser, Aviva said that retirement products have not changed and lack focus on the later life stages, which is what DC members will require as opposed to their DB counterparts. The insurer’s research found that...
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New York-based insurance giant Lemonade is officially launching in the U.K., its fourth market in Europe and fifth overall, with a little help from one of the oldest and largest insurance providers in the U.K. Lemonade, for the uninitiated, emerged into the trillion-dollar insurance space back in 2015, with a new take on how consumers should be able to buy insurance. Mobile-first and AI-powered automation for registering and filing claims was the name of the game, versus dusty old brokers and bureaucracy. On top of that, the company has always been vocal about its ethics, positioning itself as the antithesis of a traditional insurance company — the company is a certified B Corp,...
नई दिल्ली, आइएएनएस। Covid 19 mahamari के बीच हेल्थ बीमा लेने वालों की संख्या भी अचानक बढ़ गई है। बीते एक साल में Health insurance की बिक्री खासी बढ़ी है। खासकर कोरोना कवच, आरोग्य संजीविनी आदि नाम से शुरू की गई पॉलिसी की मांग। इस बीच, Private Life insurer अवीवा लाइफ इंश्योरेंस (Aviva Life insurance) ने स्टैंडर्ड टर्म लाइफ इंश्योरेंस प्लान अवीवा सरल जीवन बीमा लॉन्च करने की घोषणा की है। इंडिविजुअल नॉन-लिंक्ड, नॉन-पार्टिसिपेटिंग, प्योर रिस्क लाइफ इंश्योरेंस प्लान ग्राहकों को किफायती वित्तीय सुरक्षा प्रदान करने के लिए डिजाइन किया गया है। यह योजना समझने में आसान सुविधाएं प्रदान करती है और ग्राहकों को अपने प्रियजनों को वित्तीय सुरक्षा प्रदान करने के लिए उनकी जरूरतों के आधार पर प्लानिंग करने की...
Aviva has reported a 6% increase in its general insurance gross written premium (GWP) over the course of 2021, reaching its “highest sales in over a decade” of £8.8bn, according to its full-year financial results, published on 2 March 2022. This compares to a 2020 general insurance GWP of £8.3bn. This GWP boost contributed to a combined operating ratio (COR) of 92.9% for the insurer’s general insurance business in 2021 - an improvement on 2020’s 96.8%. However, Aviva’s adjusted operating profit fell to £1,634m during 2021 – a 10% decrease compared to £1,806m in 2020. This drop was due to a lower operating profit within the insurer’s UK and Ireland life operations, despite sales in this...
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Aviva Life Insurance, a private life insurer, is seeing increased demand for protection products and wants to ride the “protection wave” in the post Covid-19 world, a top official said. This life insurer is already a big proponent of guaranteed products, which is on the rise since April, and plans to roll out more such offerings in the coming days, Anjali Malhotra, Chief Customer, Marketing, Digital and IT Officer, Aviva Life Insurance, told BusinessLine. It sees guaranteed products as one of the key focus areas in the new normal brought about by the pandemic. Elaborating on the just-launched Aviva New Wealth Builder (ANWB), an endowment product that has twin benefits of protection and...
Aviva acquires additional 25% stake in insurance JV from Dabur Invest Corp UK-based Aviva plc has acquired an additional 25% stake from Dabur Invest Corp in its joint venture Aviva Life Insurance Company India (ALICIL) to raise its total stake to 74%. The transaction has allowed Aviva to become the majority shareholder in the JV, while it has resulted in a dilution of stake of FMCG major Dabur India promoters, the Burman family, to 26% from 51%. Aviva Life Insurance Company India is a joint venture between Dabur Invest Corp and Aviva. “The transaction allows Aviva to become the majority shareholder, increasing its economic and operational control as it continues to transform the...