11/09/2010

Nicky Colyns – 2 FV 2 2

INSURANCE

1. Payment problems

2. Aviva

3. Conclusion

Overview

2

1 Payment problems

Medical sector

Survey UK population

Health 365

• online health insurance provider

Costs

• 2/3 cancelled of postponed consultations

Confusion

• dental check-up (1/3)

• eye tests (43%)

3

1 Payment problems

Financial sector

Payment protection insurance

« Point of sale » ban

4

1 Payment problems

Financial sector

5

PPI

Insurance

• disability and unemployment

• monthly basis

Payment

• immediately

• after a certain period

Synonyms

• credit Protection Insurance

• loan Repayment Insurance

1 Payment problems

Financial sector

Payment protection insurance

« Point of sale » ban

6

1 Payment problems

Financial sector

7

Point of sale ban

PPI

• became controversial

Banks were accused

• people didn’t knew what they were buying

• insurance was required

• Competition Commission (picture)

Competition

• was little, but will change

• prices will fall

Overview

1. Payment problems

2. Aviva

3. Conclusion

8

2 Aviva

Introduction

• Sixth largest insurance company in the world

• Headquartered in London

• 53 million customers in 28 countries

• Has major businesses in Europe, North America & Asia

Target

• Selling its Taiwan business

• Shut its final salary pension scheme

• Cut a several hundred jobs in Canada

Overview

1. Payment problems

2. Aviva

3. Conclusion

10

3 Conclusion

11

Medical & financial

• people should be better informed

• estimate the costs

Aviva

• the focus can create further employment