Andrew Moss, Aviva CEO, today outlined Aviva's commitment to growing its links with the banks as the life company's focus remains on the UK and European markets.
The group also confirmed an efficiency drive will deliver £200m of cost savings and a further £200m of efficiency savings by the end of 2012.
In a phone conference this morning, Aviva CEO Andrew Moss would not be drawn on whether further cost savings would mean UK job losses.
He highlighted the UK business is a "fantastic example of the progress" being made at the company and would said it would look to increase its bancassurance business.
"We're big fans of bancassurance. Whenever there is the opportunity to work with banks Aviva's name will be there", said Moss.
He said the insurer will increase its focus on the UK and European markets, and there would be "greater synergy" between Aviva's life and pensions business with its general insurance arm.
The insurer has no plans for US-based acquisitions and will exit its small position in Taiwan. Other parts of Asia will see organic growth, Moss says.
His positive comments on the domestic market come as Aviva's third quarter UK sales were up 16% on the same period in 2009, helped by its annuity business.
Total UK sales were £12.28bn, up from £10.61bn in Q3 2009, following the highest levels of brand awareness since the rebrand, the company said.
The Group's worldwide sales rose 5% for the period at £35.9bn.
New UK pensions business was up 5% at £3.02bn (Q309 £2.89bn), boosted by strong annuity sales which were rose 83% at £2.29bn (£1.24bn).
Total UK life and pension sales of £7.63bn were up 15% (3Q09: £6.66bn), with a rise in long-term savings sales of 22% year-on-year at £8.86bn (3Q09: £7.29bn). Equity release sales were also strong, up 40% at £298m.
Sales of bonds fell 20% at £1.27bn while protection sales were up 4% at £737m.
On the RDR, Aviva said it is "well-positioned for success following implementation of the RDR in 2013" due to its wide range of products and distribution channels.
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