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Private insurers in most branches recorded a moderate increase in premium volumes in 2022, according to Finma, once again demonstrating stability in an economically challenging year.
The insurance market is highly competitive. 2022 saw roughly 190 private insurers compete for the favour of policyholders across five insurance branches.
Private insurers in most branches recorded a moderate increase in premium volumes in 2022, according to the SIA’s projections.
For Switzerland as a business location, reinsurers are important risk carriers, capital providers and taxpayers that make a significant contribution to service exports.
Premiums and market share 2021
The importance of reinsurers to the Swiss economy grows every year. This is mainly because Switzerland offers attractive conditions for locating here.
Population growth, global mobility or ecological changes increase the risk of pandemics. Is pandemic risk insurable? The answer is, only with governance participation.