Aviva Share Discussion Threads

[adelwire2] 08/6/2021 08:04

Wow that was a lot of activity in 1st 2 minutes

[cjac39] 08/6/2021 08:03

Finally someone sensible gets the cheapness of aviva. I used to have an investment in cevian and rate them highly.

[richie1218] 08/6/2021 07:55

just been reported on bloomberg also

[trident5] 08/6/2021 07:52

Lead story in the FT this morning:

[trident5] 07/6/2021 19:34

GS initiates buy target.
That usually means they've got some they want to sell.

[carpingtris] 07/6/2021 18:24

How about we go for 450p first ;)

[1robbob] 07/6/2021 17:50

spud
500p ex div could be a big ask!!
as only circa 4.5% yield...you are hoping for growth stock rating!!!

[spud] 07/6/2021 13:45

Been my top slicing target for about 6 months! Good to see it affirmed though....spud

[wynmck] 07/6/2021 13:28

GS initiates BUY tgt £5

[brilltrader] 07/6/2021 09:30

Another £450 million of loan notes paid off and cancelled today.

[dbadvn] 04/6/2021 13:42

Whist I completely condemn any Fraud I have zero sympathy for the insurance companies.

Having had to manage several large industrial claims I have dealt with there "Loss adjustment" departments and their own behaviour borders on the unethical to down right fraudulent most of the time. Aggressive does not nearly cover it.

Probably not relevant to vehicle insurance or domestic housing.

[smurfy2001] 04/6/2021 13:41

They can probably check your mileage online if you've done a previous MOT.

[cyberian] 04/6/2021 13:06

Thanks spud...just had our car insurance with AA and premium renewal was £100 lower...they did not ask what our mileage had been but it was very low in practice due to Covid. I expect that they anticipated our lower mileage, and therefore lower risk which has continued. However we are just about to travel all parts up to N/W Scotland with other long trips in the UK planned for current year. The house insurance was covered recently again with Aviva and the increase was marginally up...I think I had posted earlier that it was increased by 8% but in fact was nearer 2%. Anyway, interesting that Aviva are quite resolute on insurance fraud, and improving their checks etc. I cannot understand how HMG have been taken on such a ride on Pandemic related provisions for genuine needs...fraud of over several £billions have been reported...that's CRAZY!!

[spud] 04/6/2021 11:48

Aviva reveals increase in insurance fraud detection rates



Aviva uncovered more than 12,000 instances of claims fraud in 2020, worth more than £113 million. That’s more than 19,000 claims under investigation and amounts to 33 a day—more than one every hour.

Whiplash fraud continues

Despite a fall in traffic volumes through multiple lockdowns, the proportion of fraud detected on motor injury claims grew by 20%. Whiplash fraud continues to represent the majority of detected fraud, accounting for 60% of all claims fraud detected.

More than three-quarters of the motor insurance claims fraud Aviva detected was committed by third parties (ie, not Aviva’s customers), and approximately 15% of motor claims fraud was linked to organised fraud activity.

According to Aviva, the increase in detected whiplash fraud underlines the serious need for the new reforms, which came into effect on 31 May. These will reduce the disproportionate compensation and fees in the system, strike at the root cause of whiplash fraud, and help to keep premiums low for genuine customers.

Policy fraud and ghost broking

Additionally, Aviva identified fraud on more than 29,000 motor policy applications, up by 34% on Aviva’s 2019 figures. Ghost broking now represents approximately 20% of policy fraud, and is when an unauthorised person acts as an insurance intermediary fraudulently taking out motor insurance policies, often for a fee.

Ghost brokers typically target vulnerable customer groups, such as non-English speaking communities and young drivers who face higher premiums. Aviva has a dedicated team focused on the problem and helping genuine customers, and has invested in technologies to improve prevention and detection.

Slips, trips and falls

Frauds committed against businesses’ employers liability and public liability insurance policies grew slightly, with the proportion of detected fraud up 5% on 2019 figures. Among the most common of these claims (one in four liability claims) are ‘slip and trips’.

In some instances, fraudsters have tried to capitalise on the safety measures that businesses have put in place to prevent the spread of Covid-19. As an example, Aviva has identified multiple bogus injury claims stemming from a fall due to hand sanitiser on the floor.

Property fraud

The proportion of home insurance claims that were rejected for fraud grew by 26% in 2020. Home insurance fraud detection is a priority focus for Aviva in 2021 and the insurer expects to see the number of claims rejected for fraud continue to rise.

The most common types of detected fraud were bogus claims for accidental damage, accidental loss and theft. The average value for a fraudulent household insurance claim was £1,650. The most common fraudulently claimed items are mostly technology gadgets.

David Lovely, claims director for general insurance at Aviva, said: “The recessionary factors caused by Covid-19 have arguably created the biggest fraud threat to customers in a generation. Currently, government intervention is mitigating many of these financial impacts, but unfortunately we expect to see significantly more fraud in the coming year.”

“Policy fraud, such as ghost broking, is one area in particular where I believe we will see increases in attempted fraud, as people misrepresent policies to access cheaper premiums. As households and businesses come under increased financial stress, we expect to see more claims fraud, especially on home, small business and liability policies.”

“The good news is that whilst we expect to see more fraud, we broadly expect it to be more of the same types of fraud, and we believe our existing controls will continue to respond very well. However, we remain vigilant for new types or methods of fraud, and are continuing to invest in strengthening our fraud controls over the next two years—to protect genuine customers from the impact of fraud, and to keep premiums low.”

spud

[brilltrader] 04/6/2021 08:24

You would have thought that the share buy back program would be started now as they have a mandate and the shares are treading water. IMO the share price will start to rise as we get further through the year and closer to the special dividend that’s been strongly alluded to.

[p0pper] 04/6/2021 07:33

Sadly though it will go down when we have an across the board correction, everything does.

[father jack1] 03/6/2021 15:21

That's the beauty of investing in companies like Aviva. Most of them turned out to be pandemic proof when it came to their bottom line.

[whatsup32] 03/6/2021 14:58

Is Av. finally showing its defensive qualities .

[jubberjim] 03/6/2021 13:25

Good thinking boys and girls
Psych !

[whatsup32] 03/6/2021 13:19

Markets are nervous, maybe I should be too.

[scobak] 03/6/2021 09:16

November?
Must be going to prison. May get time off for good behaviour.

[bothdavis] 02/6/2021 22:16

Personaly......COVID and the Government reaction and the reactions of companies around the world were in response to an unprecedented event.

Can't see any point in holding grudges or stomping off........

[carpingtris] 02/6/2021 16:25

he's turning it into one of them very long goodbyes..