Strong growth forecast for Aviva

Aviva plc has achieved strong growth in its new business while sustaining the profitability of its sales, according to group chief executive Richard Harvey. “This result proves the competitive advantage we’re building through our worldwide business model and demonstrates Aviva’s strengths of scale, balance and diversified product offerings,” Harvey adds.In the UK, Aviva’s business has enjoyed fast growth with stable margins, according to a press release. In addition, Harvey says Aviva has sold more long-term savings new business in the nine months to September than in the whole of 2005. “Meanwhile, Aviva International is increasing net new business profits at almost twice the rate of sales, which continue to grow strongly,” Harvey adds.”Aviva is well-positioned to capture growth in the world’s largest long-term savings markets where we expect demand for products to continue to rise as private saving increases.”