Britain’s biggest insurer Aviva will decide whether to launch life assurance businesses in Russia and Taiwan within a year, the company said this week. “We have got two countries we are doing research into. Russia would be one and the Taiwanese market is a second,” Philip Scott, head of Aviva’s international life business, told reporters. “We see opportunities for bancassurance in the Taiwanese market.”
The company already has a business in mainland China.
Aviva has expanded internationally by setting up bancassurance partnerships with non-UK lenders to sell its products through banks such as ABN AMRO of the Netherlands.