In 2023, the value added of insurance, reinsurance, and pension funding in Switzerland stood at 32.5 billion Swiss Francs. Forecast data show a steady annual increase from 2024 to 2028, with values ranging from 32.9 billion Swiss Francs in 2024 to 34.48 billion Swiss Francs in 2028. Year-on-year variations indicate approximately 1.2% to 1.4% growth over the last two years. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 1.2%.
Future trends to watch for:
- Technological advancements in underwriting and claims processing
- Impact of regulatory changes on the insurance and pension sectors
- Potential economic disruptions or slowdowns that can affect demand
- Increasing consumer demand for personalized insurance products
