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Aviva
Aviva

+5.38%

Insurance and reinsurance / Insurance

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Company at a Glance

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Overview
Aviva (formerly known as Norwich Union) is a British multinational insurance company headquartered in London, England. It is one of the largest insurance companies in the world, serving over 33 million customers in 16 countries. The company was formed in 2000 through the merger of Norwich Union and CGU plc, and rebranded as Aviva in 2002.
Aviva offers a wide range of insurance products and services, including life, health, home, and car insurance. It also provides investment and savings products, such as pensions and annuities. The company has a strong presence in the UK and Europe, as well as in Asia and Canada.
Aviva is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a market capitalization of over £15 billion and employs over 30,000 people worldwide.
In addition to its insurance business, Aviva is committed to creating positive social and environmental impact through its corporate responsibility initiatives. It has set ambitious targets to reduce its carbon emissions and increase its investment in renewable energy.
Overall, Aviva is a reputable and established insurance company with a global presence and a strong focus on sustainability and social responsibility.
What is special about the company?
1. Global presence: Aviva is a multinational insurance company with a presence in 16 countries worldwide, making it one of the largest insurance companies in the world.
2. Long history: Aviva has a history dating back over 300 years, making it one of the oldest insurance companies in the world. This long-standing history has helped establish Aviva as a reputable and trusted brand.
3. Diverse product offerings: Aviva offers a wide range of insurance products, including life, health, property, and casualty insurance, as well as investment solutions. This diversity allows the company to cater to the needs of a diverse customer base.
4. Innovation: Aviva has a strong focus on innovation and is constantly looking for ways to improve and adapt its products and services to meet the changing needs of its customers. This has helped the company stay competitive in a rapidly evolving insurance industry.
5. Corporate responsibility: Aviva is committed to corporate responsibility and has implemented various initiatives to promote sustainability, diversity, and social responsibility. This has helped establish Aviva as a responsible and socially conscious company.
6. Strong financial performance: Aviva has a strong financial track record, with a consistent and stable growth in revenue and profits. This financial stability gives confidence to its customers and shareholders.
7. Customer-centric approach: Aviva puts a strong emphasis on customer satisfaction and has implemented various initiatives to improve customer experience. This focus on the customer has helped Aviva maintain a loyal customer base.
8. Awards and recognition: Aviva has received numerous awards and recognition for its products and services, including being named "Best General Insurer" at the Insurance Choice Awards for four years in a row. This recognition highlights the company's commitment to excellence and innovation.
9. Strong partnerships: Aviva has strong partnerships with various companies and organizations, such as banks, brokers, and affinity groups. This allows the company to reach a wider customer base and provide unique and tailored insurance solutions.
10. Commitment to digital transformation: Aviva is committed to digital transformation and has made significant investments in technology to improve its business operations and enhance the customer experience. This has helped the company stay ahead of the curve in an increasingly digital world.
What the company's business model?
The Aviva company is a multinational insurance company that offers a variety of insurance and financial services to individuals and businesses. Their main business model includes generating revenue through premiums paid by policyholders in exchange for insurance coverage. They also invest these premiums in various assets to generate returns, which contribute to their profits. Additionally, Aviva offers investment management and retirement planning services, which contribute to their overall business model. They also have a strong focus on digital and technological innovation to enhance customer experience and improve efficiency in their operations.
Interesting facts about the company
1. The Aviva company was founded in 2000 through the merger of two insurance giants, Norwich Union and CGU plc.
2. Aviva is a multinational insurance company, with operations in over 16 countries including the United Kingdom, Canada, France, and India.
3. The company serves over 33 million customers worldwide and has over 45,000 employees.
4. Aviva was the UK’s largest insurance provider until 2021 when it was surpassed by Prudential.
5. In 2019, Aviva became the first insurance company to declare a climate emergency and committed to becoming a net-zero carbon emissions company by 2040.
6. The name Aviva was chosen as the company’s new brand identity in 2002, inspired by the Latin word viva meaning life and the phrase vive aviva meaning long live life.
7. Aviva is the title sponsor of England’s national rugby union team, the Aviva Premiership rugby league, and the Aviva Stadium in Dublin, Ireland.
8. In 2008, Aviva became the first insurance company to launch an iPhone app, allowing customers to manage their policies and make claims through their mobile devices.
9. Aviva was one of the first companies in the world to offer “shared parental leave” in 2007, allowing parents to split leave between them and spend more time with their newborn child.
10. The Aviva headquarters is located in London, England and is famous for its “Living Wall” – a vertical garden covering the entire exterior of the building. This green wall helps to reduce carbon emissions and provide a natural habitat for wildlife in the city.
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