Aviva expects moderation after 44% protection sales boom

Rise follows AIG UK protection buy

Jen Frost
clock • 1 min read

Aviva protection sales rose 44% in the third quarter following the April completion of its AIG UK protection acquisition, the business stated in a trading update today (14 November).

Aviva reported protection and health sales of £403m, up 22% on £330m in the third quarter of 2023. Health in-force premiums also saw double-digit growth, the insurance group outlined. While further growth is expected in health in line with Aviva's double-digit growth plans, the company stated that "some moderation" is expected in protection. The group updated that it is confident in achieving targets outlined at its full year results presentation. These include a £2bn operating profit by 2026. Aviva CEO Amanda Blanc hailed the quarter as "very strong" across the board for the bu...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Third of renters could only afford ten weeks off work

Third of renters could only afford ten weeks off work

Scottish Widows research

Cameron Roberts
clock 19 November 2024 • 2 min read
AXA Health appoints director of distribution and marketing

AXA Health appoints director of distribution and marketing

Richard Glassborow takes the role

Cameron Roberts
clock 18 November 2024 • 1 min read
Zurich UK adds employee neurodiversity assessments

Zurich UK adds employee neurodiversity assessments

Half of neurodivergent adults do not disclose due to stigma, research finds

Jen Frost
clock 14 November 2024 • 3 min read