Aviva blames the motor insurance levy for a fall in profits

Insurance company Aviva blamed the government’’s 2% motor insurance levy for a fall in profits to €54m in Ireland last year.

The figure is a 16% reduction on €64.6m recorded in 2018. The company also said a 2% fall in earned premiums led to the fall in profits and the reductions were partly offset by lower large losses and more benign weather in Ireland last year.