Download - Aviva
Aviva IndiaHelping People Save For The Future
And Manage The Risks Of Everyday Life
Presented By-Joe Oliver Mae Ryan LyngdohPGDM 2014-2016P14253
About Aviva
• It is a British multinational company headquartered in London United Kingdom
• It has around 31 million customers across 16 countries
• In the UK Aviva is the largest general insurer and a leading life and pensions provider
• Aviva has a focus on five markets in Europe and in Asia
• In Asia, the company is focused on the growth markets of China and South East Asia.
• India being one of the Countries
History
• The name of the company upon its formation in May 2000 was CGNU plc.
• In April 2002 the company's shareholders voted to change the company name to "Aviva plc”
• An invented word derived from "viva", the Latin for 'life' and designed to be short, memorable and work worldwide
• In April 2008 Aviva announced that it would adopt the "Aviva" name as its worldwide consumer-facing brand
About Aviva
• It is a Financial Services Industry
• It was created by a merger of two British insurance firms, Norwich Union and CGU plc as CGNU in 2000.
• The Aviva name was adopted in July 2002
• Chairman- John McFarlane
• Chief executive officer- Mark Wilson(since 1 January 2013)
• Operating Income- £2.049 billion (2013)
• Net Income- £2.151 billion (2013)
About Aviva
Aviva India• Aviva India is a joint venture between Dabur and Aviva Group • Vision- “To be amongst India’s leading life insurers with a quality
business model, focused on sustainable growth”• A robust product portfolio• Protection, Retirement, Savings and Investments.• 134 branches • 1,000 towns and cities• operate in partnership with the Dabur Group through 26% interest in
Aviva Life Insurance Company India Ltd.
History
• 2000-LIC’s monopoly over life assurance in India comes to an end*
• 2002-Aviva enters the Indian market in a joint venture with Dabur India.
• 2003-Aviva India signs its first bancassurance agreement
• 2004-Aviva India sells its one-millionth policy.
• 2007- Sachin Tendulkar signed as Brand Ambassador
Dr Ajay Dua- Independent Director
Dr Anand Chand Burman-Director
Mr Mohit Burman- Chairman
Mr TR Ramachandran- Chief Executive Officer and Managing Director
Board of Directors
>>Mr Bobby Parikh- Independent Director>>Mr Inderpreet Singh Pal- Director>>Mr Pritam Das Narang- Director>>Mr Pradip Burman- Director>>Mr.Avnish Kalra has resigned from the directorship of the Company with effect from 15th May 2014.
Fact Sheet
• Joint Venture partner: Dabur (74% stake)• Foreign partner: Aviva plc (26% stake)• World's sixth largest insurance group based on gross worldwide
premiums for 2010 year• Worldwide total sales of £40.6 billion(at 31 December, 2011) • Operating profits of at £2.5 billion(at 31 December, 2011)• Paid up Capital: Rs 2004 crores• Bank partners: RBS, Punjab & Sind Bank, IndusInd Bank • More than 30 Cooperative Banks and Regional Rural Banks.
74%
26%
Partner Shares
Dabur Aviva plc
Fact Sheet
• Aviva India has been listed as a Growth market by Aviva UK
Fact Sheet• Net profit-
1. Rs 74 crore for FY 2011-122. Rs 29 crore for FY 2010-11
• Market Share - 3.2% increased in FY 2011-12 from 2.3% in 2010-11
• The new business premium collected by the company stood at Rs 762 crore, a growth of 15% in FY 2011-12.
• Total Premium Collected- 1. FY 2010-11 – Rs 2,345 crores 2. FY 2011-12 Rs 2,415.8 crores 3. FY 2012-13 Rs 2,140.6 crores
29
74
Net Profit (Rs)
2010-2011 2011-2012
2.30%
3.20%
Market Share
2010-2011 2011-2012
2010-2011 2011-2012 2012-2013 2000
2050
2100
2150
2200
2250
2300
2350
2400
2450
2345
2415.8
2140.6
Fiscal Year
Total Premium Collected
Corporate Responsibility
• Education is Insurance
• It is an investment that never depreciates
• Aviva’s Corporate Responsibility initiatives wishes to empower as many children.
• Ongoing projects• NAVSHRISHTI: CRY has been working with Navsrishti for the last 10 years
in Nangloi.(Delhi)• Number of children impacted: 2500• Jago Foundation works in the state of Jharkhand in 51 villages of the state.• Number of children impacted: 9630
Corporate Responsibility
• Ongoing projects• Save The Children
• working in the Okhla and Govindpuri slums of Delhi• children of preschool age- Elementary Education• Older children between 15-18 years of age, are provided life skills training and linkages
to vocational training opportunities• Number of children impacted: 2178
• Aviva Street to School’ – Recognizing ‘Education is Insurance• Association with CRY and Save the Children
Awards And Recognitions
References
• http://www.avivaindia.com/•
http://articles.economictimes.indiatimes.com/2012-05-14/news/31701415_1_aviva-life-insurance-net-profit-aviva-india•
http://businesstoday.intoday.in/story/aviva-india-insurance-business-exit/1/197514.html•
http://www.myinsuranceclub.com/insurance-news/aviva-life-insurance-reports-profits-and-achieves-break-even
Thank You