HomeInsuranceAviva Canada CEO sheds light on H1 2022 results

Aviva Canada CEO sheds light on H1 2022 results

Personal lines premium grew 4% at constant currency in H122, predominantly reflecting strong inflationary rate increases. Jason Storah (pictured), CEO of Aviva Canada, said the insurer is watching this portfolio carefully as driving patterns return to pre-pandemic levels, leading to higher claims frequency and severity.

Meanwhile, Aviva Canada’s commercial lines premiums increased by 11% at constant currency, reflecting the strong rate environment, and growth in mid-market and large corporate accounts.

“It was really commercial lines that was the standout performer for us in the first half of the year,” he said. “We’ve seen strong, steady growth across our commercial lines business. We’ve been getting solid rate increases across the portfolio for the first half of the year, and we expect that to continue, although…

Read more at www.insurancebusinessmag.com

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