Insurance Post

COR improves at Aviva UK as storm losses hit £10m

Mark Wilson

A reduction in the Aviva UK general insurance combined operating ratio of 95.5% (9M 2012: 97%) has been attributed to lower expenses and favourable weather conditions over the first nine months of the year.

However, the full year COR is expected to be impacted by losses in the region of £10m emanating from St Jude storm last month.

A 6% reduction in UK GI volumes have been described as being a result of

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