Profit at Irish arm of Aviva hits €82m

Insurance firm Aviva Ireland, which saw its profits surge 20% last year, has called for a speedy implementation of the recommendations made in this week’s cost of insurance report.

Operating profit at Aviva Ireland rose to €82m, while the value of new business in life and pensions rose a third to €29m. Its general insurance business increased net written premiums by 19%.

Chief executive John Quinlan called for accident payouts for minor injuries to be reduced. “The cost of claims remains a serious challenge in the personal motor market.