Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

U.K. ILS Proposals May Be a Boon for Aviva

The U.K. government’s proposed insurance-linked securities regulations could help the London Insurance market and reduce the complexity of reinsurance. These securities allow investors to pass on more easily measurable weather-related risks to pension funds. There are hopes that the scope of ILS vehicles could be expanded beyond this to more unusual risks such as terror attacks and cyber risks. We plan to maintain our no-moat rating and fair value estimate of GBX 570 per share for Aviva.
The bar...
Underlying
Aviva plc

Aviva is a holding company. Through its subsidiaries, Co. provides customers with long-term insurance and savings, general and health insurance, and fund management products and services. Co.'s long-term insurance businesses provide a range of life insurance and savings products, which include annuities, equity release, pensions, protection, bonds and savings, and investment sales. Co.'s general insurance business operates under the Aviva brand and focuses on personal lines, commercial lines, health insurance, and corporate and specialty risks. Co.'s Aviva Investors, its asset management business, provides asset management services to Co.'s long-term insurance and savings, among others.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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