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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Aviva plc    AV.   GB0002162385

AVIVA PLC

(AV.)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 01/18 10:20:28 am
349.5 GBX   +0.29%
01/15AVIVA : Director/PDMR Shareholding
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01/13AVIVA : Home-buying plans on hold for 1 in 5 UK adults
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01/13MARKET CHATTER : Macif Group Presents $4 Billion Offer To Buy Aviva France
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Bank of England tells insurers to step up climate change preparations

09/09/2020 | 07:08am EST
FILE PHOTO: Coronavirus disease (COVID-19) outbreak, in London

How much capital insurers and other financial firms must hold could be directly linked to their readiness to cope with risks from climate change, a senior Bank of England official said on Wednesday.

While insurers have shown resilience in the face of COVID-19, adapting to the longer-term threat of climate change is likely to be a far greater challenge, said BoE executive director Anna Sweeney.

Insurers face several risks from climate change, such as heavier policy claims due to more physical damage from fires and storms, and from the impact on their investments while transitioning to a lower carbon economy.

The kind of once-in-100-years flood in Britain that today racks up industry losses of 7 billion pounds could in future lead to double that figure in damages, Sweeney said.

There is "still some way to go" for a number of insurers in dealing with the impact of climate change on their balance sheets, she said.

"It is therefore possible that the incentives to address climate change risk for both firms and supervisors could be enhanced if it were incorporated explicitly into firms' capital requirements," Sweeney told an event held by Moody's rating agency.

"Whether and how this should be achieved is not an easy question to answer. But it is surely a necessary one, and one that we must begin to address in a timely manner, for insurers and for the wider regulated financial services industry."

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC 0.40% 349.6745 Delayed Quote.7.16%
PRUDENTIAL PLC -0.73% 1419 Delayed Quote.6.20%
RSA INSURANCE GROUP PLC -0.06% 677.4 Delayed Quote.0.06%
All news about AVIVA PLC
01/15AVIVA : Director/PDMR Shareholding
PU
01/13AVIVA : Home-buying plans on hold for 1 in 5 UK adults
PU
01/13MARKET CHATTER : Macif Group Presents $4 Billion Offer To Buy Aviva France
MT
01/12ANALYSIS : The trillion dollar weapon in the U.S.-China tech stock war
RE
01/11AVIVA : Introverts and younger workers most in need of support
PU
01/11British stocks fall on COVID-19 risks; Signature Aviation, JD Sports surge
RE
01/06AVIVA : Gets a Buy rating from JP Morgan
MD
01/04AVIVA : Mark Versey appointed CEO of Aviva Investors
PU
01/04UK shares gain on vaccine hopes; Ladbrokes owner soars
RE
01/04AVIVA : Investors Names Mark Versey as CEO -- Financial News
DJ
More news
Financials
Sales 2020 47 533 M 64 385 M 64 385 M
Net income 2020 1 737 M 2 353 M 2 353 M
Net Debt 2020 5 016 M 6 794 M 6 794 M
P/E ratio 2020 7,71x
Yield 2020 6,33%
Capitalization 13 685 M 18 602 M 18 537 M
EV / Sales 2020 0,39x
EV / Sales 2021 0,38x
Nbr of Employees 31 181
Free-Float 97,1%
Chart AVIVA PLC
Duration : Period :
Aviva plc Technical Analysis Chart | AV. | GB0002162385 | MarketScreener
Technical analysis trends AVIVA PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 383,62 GBX
Last Close Price 348,50 GBX
Spread / Highest target 43,5%
Spread / Average Target 10,1%
Spread / Lowest Target -37,9%
EPS Revisions
Managers and Directors
NameTitle
Amanda Blanc Chief Executive Officer & Director
Mark George Culmer Non-Executive Chairman
Nitinbhai Babubhai Maganbhai Amin Chief Operating Officer
Jason Michael Windsor CFO, Executive Director & Chief Investment Officer
Michael Mire Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AVIVA PLC7.16%18 602
AXA2.07%57 554
PRUDENTIAL PLC6.20%50 537
METLIFE, INC.8.92%46 023
MANULIFE FINANCIAL CORPORATION6.76%36 838
PRUDENTIAL FINANCIAL, INC.7.10%33 059