Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work
In an attempt to grow operations, Aviva's India business paid about $26 million between 2017 and 2023 to entities who purportedly provided marketing and training services
Indian company's scope of work will expand to cover more than 5.5 mn insurance policies
This comes in wake of increase in FDI limit to 74% in insurance sector
Burman, 48, runs his family office, which oversees about $1.5 billion in assets
Aviva said it would make cost cuts of 300 million pounds ($380.22 million) over three years, in a statement ahead of its first investor day under new Chief Executive Maurice Tulloch