Aviva confident over GI performance
Aviva has reported that its first quarter combined operating ratio is in line with its target to 'meet or beat' COR of 98% and it expects to achieve the target for the year. During the quarter, weather experience has been neutral across the group as favourable experience in the UK has offset the cost of storms in France, it added in a interim management statement.
"[UK] premium volumes have reduced reflecting our stance of writing business for profit rather than volume, the withdrawal of single premium creditor products and the impact of the depressed economic
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