Aviva Risk Management Solutions UK Limited · Solihull, West Midlands United Kingdom
Company Description
Phone: +44-500-55-99-77
Fax: +44-121-695-2001
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This link will open in a new window Business can be a risky endeavor, so Aviva Risk Management Solutions (formerly Norwich Union Risk Services) helps businesses manage their risks. A subsidiary of Aviva (itself a subsidiary of Aviva plc ), Aviva Risk Management Services advises Aviva clients on risk management, and also provides consulting and training to companies that are not Aviva clients. The company has more than 130 risk advisers, specialists, and safety consultants who are trained to identify and manage environmental, health, safety, and technology-related risks. Aviva Risk Management Services also publishes free information on risk-related issues. To read the full description, subscribe now.
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Key Aviva Risk Management Solutions UK Limited Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $16.6 |
| Employees | 30 |
Aviva Risk Management Solutions UK Limited Executives
8 executives listed for Aviva Risk Management Solutions UK Limited's Solihull, West Midlands location.
| Title | Name & Bio | Contact |
| Managing Director and Head of Risk Services | Brian Wallace | Network |
| Manager Operations and Trading, Motor Telematics | Steve Palmer | Network |
| Financial Controller | Colin McGorie | Network |
Competition
Competitive Landscape for Aviva Risk Management Solutions UK Limited
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Aviva Risk Management Solutions UK Limited Competitors
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