Aviva’s UK commercial lines COR hits 112.3% for 2016
Personal lines comes in at 104.6% as both lines impacted by Ogden rate change.
Aviva's 2016 results have revealed a combined operating ratio (COR) of 112.3% in UK commercial lines business.
The provider detailed that without the change in the discount rate - also known as the Ogden rate - it would have achieved a 96.2% figure.
This would still have been marginally above 2015 when it posted 95.8%.
Releases
According to Aviva the uptick was due to lower prior year releases and the impact of a continued soft rate environment although it admitted to having benefited from
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