Insurance industry

125 years of re­spon­si­bil­i­ty, trust and change: in this very spe­cial year for the Swiss In­sur­ance As­so­ci­a­tion (SIA), In­sur­ers’ Day was all about se­cu­ri­ty.

Swiss pri­vate in­sur­ers are ma­jor tax­pay­ers and, as such, make a sig­nif­i­cant con­tri­bu­tion to the coun­try's pulic sec­tor.

The in­sur­ance mar­ket is high­ly com­pet­i­tive. 2023 saw rough­ly 194 pri­vate in­sur­ers com­pete for the favour of pol­i­cy­hold­ers across five in­sur­ance branch­es.

Switzer­land’s pri­vate in­sur­ance in­dus­try is one of the most im­por­tant and pro­duc­tive sec­tors of the na­tion­al econ­o­my.

With their ex­per­tise in risk cov­er­age and haz­ard pre­ven­tion, in­sur­ers con­tribute to the sta­bil­i­ty of the eco­nom­ic sys­tem and pros­per­i­ty in Switzer­land.

The SIA and its part­ner, the VBV-AFA, co­op­er­ate close­ly with var­i­ous ed­u­ca­tion­al in­sti­tu­tions.

Pri­vate in­sur­ers em­ployed 49,902 peo­ple in 2021, ac­cord­ing to the an­nu­al sur­vey con­duct­ed by the Swiss In­sur­ance As­so­ci­a­tion SIA. 

The Swiss In­sur­ance As­so­ci­a­tion SIA is join­ing the Unit­ed Na­tions-con­vened Net-Ze­ro As­set Own­er Al­liance as a sup­port­er.

SIA chair­man Rolf Dörig takes a look at the cur­rent chal­lenges fac­ing the Swiss in­sur­ance in­dus­try.