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Switzerland Insurance Report Q4 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 54 pages

Includes 3 FREE quarterly updates

BMI View: The Swiss insurance market is one of the largest in the region with high rates of penetration anddensity in both the life and non-life sectors. The market is home to world-class providers and the productoffering and distribution channels in place are extensive and diverse. As a mature market, where intensecompetition places downwards pressure on pricing in many key lines, growth is expected to be sedate overthe medium term and as a result many insurers are likely to focus on expansion in other regional and globalemerging markets.

Key Updates And Forecasts

- The economic outlook for Switzerland is relatively stable. The negative side effects of rapid Swiss francappreciation in early 2015 have largely worn off with negligible lasting damage to the economy, andSwitzerland is poised for stable real GDP growth in the coming quarters, with the BMI Country Riskteam forecasting GDP growth of 1.5% in 2016 followed by slightly stronger over the medium term.

- The non-life sector is expected to outperform the life sector over the course of the forecast period,increasing the non-life sector's share of premiums written to 47% by 2020. Much of the growth will bedriven by the health insurance segment, where rising medical costs and demographic trends in an ageingpopulation will result in premium increases.

- In the life insurance sector we are forecasting slow growth in local currency terms of around 1.1%annually, with currency movements fluctuating in US dollar terms due to ongoing currency movements.To a large extent this is a reflection of the maturity of the life segment where coverage rates are alreadyhigh, limiting capacity for rapid premium growth.

Table Of Contents

Switzerland Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Switzerland 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 8
Life Premiums Forecast 8
Table: Life Premiums (Switzerland 2013-2020) 11
Table: Life Insurance Claims (Switzerland 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Switzerland 2013-2020) 15
Table: Non-Life Insurance Claims (Switzerland 2009-2015) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Switzerland 2013-2020) 27
Insurance Risk/Reward Index 28
Developed States Insurance Risk/Reward Index 28
Table: Developed States Insurance Risk/Reward Index - Q416 29
Market Overview 30
Life Market Overview 30
The Product Offering 30
The Competitive Landscape 31
Table: Life Insurance Market Shares (USDmn), 2008-2014 32
Non-Life Market Overview 34
The Product Offering 34
The Competitive Landscape 34
Table: Swiss Non-Life Market Share (USDmn), 2008-2014 36
Company Profile 38
Allianz 38
Helvetia 40
Zurich 43
Table: Consolidated income statements (USD) 45
Methodology 48
Industry Forecast Methodology 48
Risk/Reward Index Methodology 51
Table: Indicators 53
Table: Weighting of Indicators 54

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