Aviva has acquired Irish insurer Friends First for €130m, making Aviva one of the largest composite insurers in Ireland, subject to regulatory approval.
The insurer's market share in life insurance will increase to 15%, alongside its existing leading 15% market share in general insurance. The life insurance market in Ireland has grown by around 9% since 2014. Aviva Ireland said it has demonstrated consistent growth over the past few years, with an operating profit growth at HY 2017 of 12%. Friends First, currently owned by Dutch insurer Achmea Holding NV, has been operating in Ireland for over 180 years with a focus on life protection,...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.