Aviva has reported a 19% surge in its operating profit in its UK general insurance division, Norwich Union Insurance (NUI) for the six months ended 30 June 2005.
Operating profit rose to £431m from £361m in 2004. The group's combined operating ratio improved to 96% from 97% in the full year 2004.
The company said that "despite a highly competitive market", it had achieved a 5% increase in personal motor rates, (2004: 2%) and a 6% (including indexation) increase in homeowners rates (2004: 5%) It said that commercial rate increases have flattened but profitability remains excellent.
The company also said that "excellent progress" had been made on the integration of RAC and its results had contributed £6m to NUI's underwriting result.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
