Eco­nom­ic per­for­mance

16 December 2019

 

 

Value creation by the Swiss insurance industry
Direct gross value created by insurance companies 2015 2016 2017 2018
Life insurance 3,0 3,6 4,9 n/a
Non-life insurance 9,4 9,3 8,1 n/a
Reinsurance 8,2 7,9 7,5 n/a
Gross added value created by private insurers in CHF bn 20,6 20,8 20,4 n/a
         
Related services (e.g. brokerage) 2,9 3,1 3,0 n/a
Social insurances 5,9 5,6 5,8 n/a
Gross added value created by the insurance industry in CHF bn 29,4 29,4 29,2 30,5
Share of gross value added in Switzerland 4,6% 4,6% 4,5% 4,6%

 

Fiscal effects of the insurance industry
Direct taxation in CHF billion 2015 2016 2017 2018
Corporate taxes and employee income taxes 3,8 2,7 2,8 2,7

These data do not reflect VAT, withholding taxes and stamp duties
Source: BAK Economics / Polynomics / Federal Statistical Office