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The Independent UK

Business

Holly Williams

Aviva hiking price of insurance cover further as cost of claims surges

Aviva Insurance Amanda Blanc

PA Archive

The boss of insurer Aviva has warned over further increases to the price of cover this year after double-digit rises in 2022 as it faces surging costs for repair bills.

Aviva increased insurance new business premiums on average by 20% for motor cover and 13% for home insurance as it saw the cost of claims rise by between 9% to 11% last year.

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