Aviva, the leading home insurer in the UK, has signed a contract with Barclays UK to purchase its home insurance portfolio, which comprises 350,000 customers. This acquisition will further strengthen Aviva's position in the home insurance market and expand its customer base. The deal reflects Aviva's commitment to growth and its strategy to provide comprehensive insurance solutions to customers.
Aviva expands underwriting appetite to include engineered timber for commercial buildings
Aviva aims to help the construction and real estate sectors reduce their carbon footprint by expanding its underwriting appetite to include engineered timber for commercial buildings. This move aligns with Aviva's sustainability goals and supports the transition to more environmentally friendly construction practices. By offering insurance coverage for engineered timber, Aviva encourages the use of sustainable materials and contributes to the overall sustainability of the built environment.
These developments highlight Aviva's strong first half performance and its profitable growth momentum across the Group. The acquisition of Barclays' home insurance portfolio demonstrates Aviva's strategic focus on expanding its market presence and customer base. Additionally, Aviva's decision to include engineered timber in its underwriting appetite showcases its commitment to sustainability and supporting environmentally conscious industries. These initiatives position Aviva as a leader in the insurance industry, driving growth and contributing to a more sustainable future.