Category: Aviva Life Insurance

Aviva and Legal & General are among insurers who are not signatories to the Protection Distributors Group Claims Charter 2024 which aims to improve outcomes for claimants by raising levels of best practice.
After assessing information on how insurers support claimants, the PDG has announced the list of Claims Charter signatories for 2024.The list is based on new criteria focused on the time taken to assess claims forms and medical evidence, in addition to the existing charter…
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Source: https://www.ftadviser.com/protection/2024/05/01/aviva-and-l-g-non-signatories-to-protection-group-charter/

Aviva paid out more than £413mn to its employees and their dependents in group protection claims over 2023.
Aviva said this was the equivalent of more than £1.1mn being paid out a day to 8,077 employees and their families.This was across group income protection, group critical illness, and group life insurance claims. Aviva group protection sales director, Jason Ellis, said: “The insight clearly demonstrates how we’re supporting employees and their loved ones through difficult times,…
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Source: https://www.ftadviser.com/protection/2024/04/29/aviva-pays-413mn-in-group-protection-claims/

Butlin’s is suing Aviva over the definition of a storm after serious flooding meant it had to shut its largest resort, which resulted in a bill of £60m.The family-owned chain of holiday resorts has announced that it has brought a legal claim in the London High Court in response to insurers limiting the extent of cover they would provide for damage at a Butlin’s resort in the West Country.The group of insurers, led by Aviva, had told Butlin’s that the damage fell within the category of…
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Source: https://uk.finance.yahoo.com/news/storm-spinning-teacup-butlin-sues-164510387.html

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Butlin’s is suing insurers led by Aviva over a £60mn bill from a flood that shut down its largest holiday resort in a dispute over whether heavy rainfall constituted a “storm”.The family-owned UK company has brought a legal claim in London’s High Court after its insurers sought to limit the amount of cover they would provide for extensive damage arising from a…
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Source: https://www.ft.com/content/f0770713-7f78-4d88-af8f-7d12b232927c

Image source: Aviva plcIt really looked like the Aviva (LSE: AV.) share price was going to break above £5 for the first time since the March 2020 global market crash. Technically, it did for all of one minute at the beginning of April. But I’m not counting that.Will the stock be retesting that level again soon or will it move even higher?The dropLet’s first discuss the reason behind the recent pullback. The main drop in recent weeks was on April 11th, the day after the stock went…
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Source: https://uk.finance.yahoo.com/news/down-8-5-month-aviva-150550328.html

It really looked like the Aviva (LSE: AV.) share price was going to break above £5 for the first time since the March 2020 global market crash. Technically, it did for all of one minute at the beginning of April. But I’m not counting that.

Will the stock be retesting that level again soon or will it move even higher?

The drop

Let’s first discuss the reason behind the recent pullback. The main drop in recent weeks was on April 11th, the day after the stock went…
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Source: https://www.fool.co.uk/2024/04/26/down-8-5-this-month-is-the-aviva-share-price-too-attractive-to-ignore/

First there was the VHI, a solid, State-owned operator that stood alone offering five levels of private health insurance cover that ran the gamut from A to E.Then, in the 1990s along came Bupa, which quickly morphed into Quinn Healthcare (owned by Seán Quinn), which in turn turned into Laya Healthcare.Then Vivas arrived, which was later acquired by Aviva, which itself exited the market in 2016 with Irish Life buying the unit, while at the same time taking out the 51 per cent of another…
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Source: https://www.irishtimes.com/business/2024/04/26/will-consumers-benefit-from-aviva-entering-the-irish-health-insurance-market/

Image source: Aviva plcThe UK financial services sector certainly has some juicy dividend yields right now. Insurer Aviva (LSE: AV) yields 7.2%, for example. That attracts me and I would happily buy Aviva shares for my portfolio if I had spare cash to invest. But even better than the Aviva dividend yield is that offered by Legal & General (LSE: LGEN), currently standing at 8.6%.I would also happily buy Legal & General shares if I had the spare cash. Looking at the two shares from an income…
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Source: https://uk.finance.yahoo.com/news/8-6-7-2-does-112451625.html

If you’ve changed jobs a couple of times, the chances are you’ll have built up more than one workplace pension.But if you’ve lost track of them, pensions firm Aviva has launched a new service that could help your search. Although the government is planning to introduce pensions dashboards as a way to bring pension pots together in one place, the project has been delayed multiple times, so free pension tracing tools can help to fill the gap. Here, Which? takes a closer look at…
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Source: https://www.which.co.uk/news/article/aviva-launches-free-pension-tracing-service-how-does-it-compare-aBn4X6I1g0AD