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Life Insurance in Switzerland, Key Trends and Opportunities to 2020

Published By :

Timetric

Published Date : Feb 2017

Category :

Life Insurance

No. of Pages : 108 Pages

Synopsis
Timetrics 'Life Insurance in Switzerland Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Swiss life insurance segment, and a comparison of the Swiss insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Swiss economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetrics 'Life Insurance in Switzerland Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Swiss life insurance segment, including:

An overview of the Swiss life insurance segment

The Swiss life insurance segments growth prospects by category

A comprehensive overview of the Swiss economy and demographics

A comparison of the Swiss life insurance segment with its regional counterparts

The various distribution channels in the Swiss life insurance segment

Details of the competitive landscape in the life insurance segment in Switzerland

Details of regulatory policy applicable to the Swiss insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in Switzerland:
It provides historical values for the Swiss life insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.
It offers a detailed analysis of the key categories in the Swiss life insurance segment, and market forecasts to 2020.
It provides a comparison of the Swiss life insurance segment with its regional counterparts.
It analyzes the various distribution channels for life insurance products in Switzerland.
It profiles the top life insurance companies in Switzerland and outlines the key regulations affecting them.

Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Swiss life insurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Swiss life insurance segment.

Assess the competitive dynamics in the life insurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Swiss insurance industry, and their impact on companies and the industry's future.

Key Highlights
Life insurance accounted for 52.3% of the industrys gross written premium in 2015.

Insurance penetration in the life segment was 5.1% in 2015.

The Swiss life insurance segment is highly concentrated, with the three leading insurers accounting for 69.0% of the segments gross written premium in 2015.

Switzerland received full equivalence under the Solvency II regime with effect from January 1, 2016.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
1 ECONOMY AND DEMOGRAPHICS
3 SEGMENT OUTLOOK
3.1 Regional Comparison
3.2 Segment Indicators
3.2.1 Gross written premium and penetration
3.2.2 Policies sold
3.2.3 Claims
3.2.4 Sum assured
3.2.5 Assets and investments
4 OUTLOOK BY SUB-SEGMENT
4.1 Individual Life Insurance
4.1.1 Premium
4.1.2 Policies sold
4.1.3 Penetration
4.2 Group Life Insurance
4.2.1 Premium
4.2.2 Policies sold
4.2.3 Penetration
5 DISTRIBUTION CHANNEL OUTLOOK
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Swiss Life AG company overview
6.1.2 Axa Leben AG company overview
6.1.3 Helvetia Schweizerische Lebensversicherungsgesellschaft AG company overview
6.1.4 Basler Leben AG company overview
6.1.5 Allianz Suisse Lebensversicherungs-Gesellschaft AG company overview
2 GOVERNANCE, RISK AND COMPLIANCE
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulation
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Health insurance
2.4.2 Marine liability insurance
2.4.3 Motor third-party liability insurance
2.4.4 Accident insurance
2.4.5 Aviation liability insurance
2.4.6 Clinical trials liability insurance
2.4.7 Professional indemnity insurance for insurance intermediaries or brokers
2.4.8 Third-party liability insurance for operators of nuclear installations
2.5 Supervision and Control
2.5.1 International Association of Insurance Supervisors
2.5.2 Financial Market Supervisory Authority
2.5.3 Swiss Insurance Association
2.5.4 Federation of European Risk Management Associations (FERMA)
2.5.5 Swiss Association of Insurance and Risk Managers (SIRM)
2.6 Non-Admitted Insurance Regulation
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and Penalties
2.7 Company Registration and Operations
2.7.1 Type of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margin
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
7 DATABOOK
7.1 Policies and Premium
7.2 Claims and Expenses
7.3 Assets and Investments
7.4 Direct Marketing and E-Commerce
7.5 Insurance Brokers and Agencies
7.6 Individual Life Insurance
7.7 Individual Life Insurance by Product
7.8 Group Life Insurance
7.9 Group Life Insurance by Product
7.1 Individual Life Single vs. Non-Single Premium
7.11 Group Life Single vs. Non-Single Premium
7.12 Linked vs. Non-Linked Policies
8 DEFINITIONS AND METHODOLOGY
8.1 Definitions
8.2 Methodology
9 ABOUT TIMETRIC
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetrics Services
9.4 Disclaimer



List of Tables
Table 1: Swiss Life Insurance Key Facts, 2015
Table 2: Swiss Life Insurance Segment Shares of the Top Insurers, 2015
Table 3: Swiss Government Credit Ratings
Table 4: Swiss Life Insurance Gross Written Premium (CHF Billion and US$ Billion), 20112015
Table 5: Swiss Life Insurance Penetration (%), 20112015
Table 6: Swiss Life Insurance Gross Written Premium (CHF Billion and US$ Billion), 20152020
Table 7: Swiss Life Insurance Penetration (%), 20152020
Table 8: Swiss Life Insurance Premium per Capita (CHF and US$), 20112015
Table 9: Swiss Life Insurance Premium per Capita (CHF and US$), 20152020
Table 10: Swiss Life Insurance Number of Active Policies (Million), 20112015
Table 11: Swiss Life Insurance Number of Active Policies (Million), 20152020
Table 12: Swiss Life Insurance Paid Claims (CHF Billion and US$ Billion), 20112015
Table 13: Swiss Life Insurance Paid Claims (CHF Billion and US$ Billion), 20152020
Table 14: Swiss Life Insurance Sum Assured (CHF Billion and US$ Billion), 20112015
Table 15: Swiss Life Insurance Sum Assured (CHF Billion and US$ Billion), 20152020
Table 16: Swiss Life Insurance Total Assets (CHF Billion and US$ Billion), 20112015
Table 17: Swiss Life Insurance Total Assets (CHF Billion and US$ Billion), 20152020
Table 18: Swiss Life Insurance Total Investment Income (CHF Billion and US$ Billion), 20112015
Table 19: Swiss Life Insurance Total Investment Income (CHF Billion and US$ Billion), 20152020
Table 20: Swiss Life Insurance Investment Portfolio (CHF Billion), 20112015
Table 21: Swiss Life Insurance Investment Portfolio (CHF Billion), 20152020
Table 22: Swiss Life Insurance Direct Written Premium by Sub-Segment (CHF Billion), 20112015
Table 23: Swiss Life Insurance Direct Written Premium by Sub-Segment (CHF Billion), 20152020
Table 24: Swiss Individual Life Insurance Direct Written Premium by Category (CHF Billion), 20112015
Table 25: Swiss Individual Life Insurance Direct Written Premium by Category (CHF Billion), 20152020
Table 26: Swiss Individual Life Insurance Number of Policies Sold by Category (Thousand), 20112015
Table 27: Swiss Individual Life Insurance Number of Policies Sold by Category (Thousand), 20152020
Table 28: Swiss Group Life Insurance Direct Written Premium (CHF Billion), 20112015
Table 29: Swiss Group Life Insurance Direct Written Premium (CHF Billion), 20152020
Table 30: Swiss Group Life Insurance Number of Policies Sold (Million), 20112015
Table 31: Swiss Group Life Insurance Number of Policies Sold (Million), 20152020
Table 32: Swiss Life Segment Market Shares of Leading Insurers (%), 2015
Table 33: Swiss Life AG Key Facts
Table 34: Swiss Life AG Key Financials (US$ Million), 20112015
Table 35:Axa Leben AG Key Facts
Table 36: Axa Leben AG Key Financials (US$ Million), 20112015
Table 37: Helvetia Schweizerische Lebensversicherungsgesellschaft AG Key Facts
Table 38: Helvetia Schweizerische Lebensversicherungsgesellschaft AG Key Financials (US$ Million), 20112015
Table 39: Basler Leben AG Key Facts
Table 40: Basler Leben AG Key Financials (US$ Million), 20112015
Table 41: Allianz Suisse Lebensversicherungs-Gesellschaft AG Key Facts
Table 42: Allianz Suisse Lebensversicherungs-Gesellschaft AG Key Financials (US$ Million), 20112015
Table 43: Switzerland Insurance Regulatory Framework Key Features
Table 44: Switzerland Life Insurance Regulatory Framework
Table 45: Switzerland Property Insurance Regulatory Framework
Table 46: Switzerland Motor Insurance Regulatory Framework
Table 47: Switzerland Liability Insurance Regulatory Framework
Table 48: Switzerland Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 49: Switzerland Corporate Tax Rates for the Financial Year 2016
Table 50: Swiss Life Insurance Policies and Premium, 20112015
Table 51: Swiss Life Insurance Policies and Premium, 20152020
Table 52: Swiss Life Insurance Claims and Expenses, 20112015
Table 53: Swiss Life Insurance Claims and Expenses, 20152020
Table 54: Swiss Life Insurance Assets and Investments, 20112015
Table 55: Swiss Life Insurance Assets and Investments, 20152020
Table 56: Swiss Life Insurance Direct Marketing and E-Commerce, 20112015
Table 57: Swiss Life Insurance Direct Marketing and E-Commerce, 20152020
Table 58: Swiss Life Insurance Insurance Brokers and Agencies, 20112015
Table 59: Swiss Life Insurance Insurance Brokers and Agencies, 20152020
Table 60: Swiss Life Insurance Individual Life Insurance, 20112015
Table 61: Swiss Life Insurance Individual Life Insurance, 20152020
Table 62: Swiss Life Insurance Individual Life Insurance by Product, 20112015
Table 63: Swiss Life Insurance Individual Life Insurance by Product, 20152020
Table 64: Swiss Life Insurance Group Life Insurance, 20112015
Table 65: Swiss Life Insurance Group Life Insurance, 20152020
Table 66: Swiss Life Insurance Group Life Insurance by Product, 20112015
Table 67: Swiss Life Insurance Group Life Insurance by Product, 20152020
Table 68: Swiss Life Insurance Individual Life Insurance by Premium, 20112015
Table 69: Swiss Life Insurance Individual Life Insurance by Premium, 20152020
Table 70: Swiss Life Insurance Group Life Insurance by Premium, 20112015
Table 71: Swiss Life Insurance Group Life Insurance by Premium, 20152020
Table 72: Swiss Life Insurance Linked vs. Non-Linked Policies, 20112015
Table 73: Swiss Life Insurance Linked vs. Non-Linked Policies, 20152020
Table 74: Insurance Industry Definitions



List of Figures
Figure 1: Swiss Real GDP (CHF Billion), 20112020
Figure 2: Swiss Consumer Price Inflation (%), 20112020
Figure 3: Swiss Current Account Balance as Percentage of GDP (%), 20112015
Figure 4: CHF US$ Exchange Rate, 20112020
Figure 5: Swiss Unemployment Rate, 20112020
Figure 6: Swiss Population by Age Group, 19912025
Figure 7: Swiss Life Insurance Penetration Regional Comparison (%), 2015
Figure 8: Swiss Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Swiss Life Insurance Gross Written Premium (CHF Billion), 20112020
Figure 10: Swiss Life Insurance Penetration (%), 20112020
Figure 11: Swiss Life Insurance Premium per Capita (CHF), 20112020
Figure 12: Swiss Life Insurance Number of Active Policies (Million), 20112020
Figure 13: Swiss Life Insurance Paid Claims (CHF Billion), 20112020
Figure 14: Swiss Life Insurance Sum Assured (CHF Billion), 20112020
Figure 15: Swiss Life Insurance Total Assets (CHF Billion), 20112020
Figure 16: Swiss Life Insurance Total Investment Income (CHF Billion), 20112020
Figure 17: Swiss Life Insurance Investment Portfolio (CHF Billion), 20112020
Figure 18: Swiss Life Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 19: Swiss Life Insurance Direct Written Premium by Sub-Segment (CHF Billion), 20112020
Figure 20: Swiss Life Insurance Direct Written Premium Share by Sub-Segment, 20112020
Figure 21: Swiss Life Insurance Direct Written Premium Dynamics by Sub-Segment, 20112020
Figure 22: Swiss Individual Life Insurance Direct Written Premium by Category (CHF Billion), 20112020
Figure 23: Swiss Individual Life Insurance Direct Written Premium Dynamics by Category, 20112020
Figure 24: Swiss Individual Life Insurance Number of Policies Sold by Category (Thousand), 20112020
Figure 25: Swiss Individual Life Insurance Penetration (%), 20112015
Figure 26: Swiss Individual Life Insurance Penetration (%), 20152020
Figure 27: Swiss Group Life Insurance Direct Written Premium (CHF Billion), 20112020
Figure 28: Swiss Group Life Insurance Number of Policies Sold (Million), 20112020
Figure 29: Swiss Group Life Insurance Penetration (%), 20112015
Figure 30: Swiss Group Life Insurance Penetration (%), 20152020
Figure 31: Swiss Life Segment Market Shares of Leading Insurers (%), 2015
Figure 32: Switzerland Insurance Supervision and Control at Various Levels
Figure 33: Switzerland Insurance Regulatory Frameworks for Company Registration and Operation

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