Brokers round on Aviva for "swingeing" approach to fleet
Aviva has been criticised by brokers for assuming a "broad-brush approach" to its commercial fleet business and cutting profitable lines.
Insurance Age understands that Aviva is looking to reduce its exposure to some £100m of commercial fleet business over the next 12 months.
According to its latest half-year 2013 results, Aviva posted a combined operating ratio (COR) of 113% for commercial motor, markedly worse than the 101% recorded for the same period last year. It also recorded a commercial motor COR of 106% for its full-year 2012 results.
And a number of brokers, who asked not to be named, have been left frustrated at how
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