Eco­nom­ic per­for­mance

16 December 2020

 

 

Value creation by the Swiss insurance industry
Direct gross value created by insurance companies 2016 2017 2018 2019
Life insurance 3,6 4,9 6,1 n/a
Non-life insurance 9,3 8,1 9,3 n/a
Reinsurance 7,9 7,5 6,5 n/a
Gross added value created by private insurers in CHF bn 20,8 20,4 21,9 n/a
         
Related services (e.g. brokerage) 3,1 3,0 3,0 n/a
Social insurances 5,6 5,8 6,5 n/a
Gross added value created by the insurance industry in CHF bn 29,4 29,2 31,5 32,4
Share of gross value added in Switzerland 4,6% 4,5% 4,6% 4,6%

 

Fiscal effects of the insurance industry
Direct taxation in CHF billion 2016 2017 2018 2019
Corporate taxes and employee income taxes 2,7 2,8 2,7 3,3

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