Aviva Ireland calls for insurance reform as profit rise

Insurer Aviva Ireland has said it will lower insurance premiums if reform of personal injury payouts and fraud is tackled, as it posted a 15% increase in operating profit to €113m last year.

Boosted by its acquisition of Friends First, the Irish arm posted a significant increase in profits, according to Aviva figures. Operating profit in its Irish general insurance business increased by 4% to €63m, despite what it called “challenging market conditions”.