Aviva boss Tulloch targets growth by a fifth in GI

Aviva has unveiled an ambitious plan to grow its general insurance business 20% by 2022.

Aviva will use its SME springboard as a way to grow in both mid-market and corporate, it told analysts at today’s Capital Markets Day. 

It also wants to shave 1% off its combined ratio - which averaged out at 96% in the last decade - by 2022.

Aviva said today: ”General Insurance: we are targeting significant profitable growth in our General Insurance businesses through speed, simplicity and efficiency for our customers, and our distribution partners.

”We will strengthen personal lines performance while maintaining growth momentum and attractive margins in commercial lines.”

It comes as boss Maurice Tulloch revealed the company would be split into five divisions.