Aviva fee and commission income: UK & Ireland life and general insurance 2014-2022
The income from fees and commissions for the life insurance segment of Aviva Plc increased year-on-year from 2014 to 2021, while the value for the general insurance segment decreased overall, but with fluctuation. Aviva Plc is a multinational life insurance group based in the United Kingdom. Commission income refers to fees earned in making a sale or closing a deal, while fee income refers to revenue acquired from account-related charges to customers. In 2022, fee and commission income for the life insurance segment declined for the first time during the time period under observation, and amounted to over 1.1 billion British pounds. On the other hand, the fee and commission income for general insurance amounted to 106 million British pounds in 2022 - well below the peak value reported at the beginning of the time period.
