Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Switzerland Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Switzerland includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Switzerland is a landlocked Central European country, bordered by France, Germany, Italy, Austria, and Liechtenstein. It is not an EU or EEA member but is part of the single market.
According to estimates by the Swiss Insurance Association gross written premium income for non-life business (excluding health and accident) amounted to CHF 14.359bn in 2020, a slight increase compared to 2019. In addition, premium written by the cantonal insurers totalled about CHF 952mn (2019 figures).
The Swiss non-life market comprises two parts. First, the cantonal insurers of compulsory fire and elemental perils, which are subject only to the laws of and monitoring by the relevant canton. Second, the 118 insurers, comprising 72 Swiss-domiciled companies (of which 18 were supplementary health insurers), 46 branches of foreign insurers, 25 reinsurers and 25 captives in the private sector, which write the overwhelming bulk of market income. About 90% of the companies are joint stock companies, with the remainder being mutuals.