Expanding our businesses in Asia. Our
operations in key Asian markets offer us excellent opportunities for growth
in the long term.
We have a leading presence in the bancassurance market
in Singapore and our recently launched businesses in India and China are
gaining customers and developing well.
Our first bancassurance agreement in France.
Our new agreement with Crédit du Nord gives us exclusive distribution of
life products through its 600 branches, and an important presence in a key
distribution channel in France.
Expanding our property funds into Europe.
Morley Fund Management plans to roll out its successful UK property fund
management business into continental Europe, with a focus on countries in
Southern and Central Europe.
Morley Fund Management was the winner of Property
Week’s 2004 property fund manager of the year award.
Norwich Union has begun the roll-out of its revolutionary
flood map. The new digital map is the largest and most accurate
ever undertaken in Britain and is being used to pinpoint the risk of river
flooding to individual properties.
We estimate that more than 600,000 properties in flood
risk areas could now qualify for insurance due to the information provided
by the flood map.
