Considered by many in the Commercial Insurance arena to be somewhat of an 'also-ran,' particularly by London Market standards, Aviva is continually proving that it is moving with the times.
Notwithstanding it's personal telematics app (see Aviva Drive), it has set up an InsTech accelerator in London - the Aviva Digital Garage - to support the development of new technologies to benefit both its customers and the sector.
Tie in the firms recent announcement of a significant profit rise, and a Solvency II ratio of 180%, and Aviva looks ready to weather whatever the industry throws at it.
Aviva Plc gained the most in more than five months in London trading after the insurer reported higher 2015 earnings and disclosed its capital buffer for the first time. Aviva climbed as much as 5.6 percent, the most since Sept. 30. Operating profit rose 20 percent to 2.7 billion pounds ($3.8 billion), boosted by Aviva’s life insurance and fund-management units, the London-based company said in a statement on Thursday. Analysts had expected earnings of about 2.5 billion pounds, according to a research note by Sanford C. Bernstein. “Expectations were high going into these numbers,” analysts at Sanford C. Bernstein in London led by Edward Houghton said in the note. “Aviva needed to deliver and it has, more or less.”