protection, long-term savings and pensions, health and accident insurance through a bancassurance network based on joint ventures with three banks. The company also sells through Aviva Vida y Pensiones, the wholly-owned Aviva branded long-term insurance company and through its Spanish mutual insurance company, Pelayo. The company offers a range of bonds, savings, and protection products. Investment products include both unit linked and traditional plans, where profit sharing is regularly used to increase the policy return. The company’s traditional plans include savings schemes and income products. Pension savings products have valuable tax advantages. The company offers a flexible range of individual and group pension plans with alternative investment choices. It also provides protection products, covering both mortgages and credit loans, typically providing cover for the family. Strategy: The company’s strategy is to maintain the franchise value in Spain and to further develop its retail operations with new distribution agreements. Other: The Italy, Spain, and Other segment includes the company’s business in Turkey. The company's business in Turkey sells life and savings products, including unit-linked pensions through its life joint venture, AvivaSA. Canada Through its distribution partners, the company provides a range of personal and commercial lines general insurance products to approximately 2.8 million policyholders. The general insurance products that the company provides through its Canadian companies include personal, home and motor insurance; small and medium-size enterprise commercial insurance, including motor, property, liability, boiler and machinery, and surety; and personal insurance products, including holiday trailers, boats, as well as antique, classic and custom cars. Independent brokers are the company’s major distribution channel, with 1,500 independent group and retail brokers distributing its core personal and commercial line products. Asia In Singapore, the company’s life business is an insurer in the market, providing employee benefit and individual life insurance through diversified distribution channels. The company also has general insurance operations in Singapore and offers online personal motor insurance. In China, through its 50% joint venture with COFCO Capital Investment Co., Ltd, the company offers life insurance services. The company has a presence in 12 provinces and approximately 50 branches. The company operates a multi-distribution platform, including agency, bancassurance, direct marketing, and brokerage channels offering a range of protection and savings products. In Indonesia, the company, through its 50% joint venture with PT Astra International Tbk, distributes its products primarily through its bancassurance arrangement with Permata Bank that was launched in December 2014. In Taiwan and Vietnam, through its joint ventures with First Financial Holdings Co., Ltd and Vietnam Joint Stock Commercial Bank for Industry and Trade, respectively, the company intends to grow its bancassurance businesses and continue the diversification of its distribution networks. In Hong Kong, the company’s wholly owned subsidiary operates primarily through IFA distribution networks. In India, with a distribution network of 121 branches, the company operates in partnership with the Dabur Group through a 26% interest in Aviva Life Insurance Company India Ltd. Friends Provident International Limited (FPIL), an Isle of Man-based company with operations in Asia, was acquired in April 2015 as part of the acquisition of Friends Life. FPIL offers a range of products, including single premium investment products, regular premium savings plans, and individual assurance policies. The company’s Asian businesses offer a range of protection, savings, and pension products, including universal life, participating and non-participating endowments, unit-linked single and regular premium life insurance, and a range of accident and health insurance products. In Singapore, the company operates across multiple proprietary and affinity channels, and also owns a majority intere
aviva plc (AV/:London)
London, EC3P 3DQ
Phone: 44 20 7283 2000
Fax: 44 20 7662 7148www.aviva.com
The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content.
|No competitor information is available for AV/.|
|View Industry Companies|
Sponsored Financial Commentaries
To contact AVIVA PLC, please visit www.aviva.com. Company data is provided by Capital IQ. Please use this form to report any data issues.