The 2024 FINMA Insurance Market Report reveals significant shifts: while life and non-life insurers increased their profits, reinsurers suffered a substantial decline.
Key figures at a glance:
- Total profit across Swiss insurance companies: around CHF 10.4 billion – a drop of roughly 24 % compared to 2023.
- Life insurers: profit up ~22 % to around CHF 1.6 billion.
- Non-life insurers: moderate increase of ~3 % to CHF 7.1 billion.
- Reinsurers: sharp decline – from CHF 5.4 billion to CHF 1.7 billion.
Premiums also vary: total premiums rose about 6.7 % (CHF +9.4 billion) to CHF 150 billion. Interesting: Life insurance premiums fell (-8.4 %), non-life (+8.0 %) and reinsurance premiums (+12.6 %) saw strong growth.
🧠 Our Recommendations:
- Watch market trends: keep an eye on reinsurers and how changes may impact your insurance plan.
- Review your policies: consider non-life and life insurance products carefully—benefits, costs and guarantees may shift.
- Compare providers: market movements may offer opportunities for better terms.
📖 Source & Further Info: FINMA Insurance Market Report 2024 – official announcement
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