Switzerland Life Insurance Market Size, Trends by Line of Business (General Annuity and Others), Distribution Channel, Competitive Landscape and Forecast, 2021-2025
The gross written premium of Switzerland life insurance industry was $30.4 billion in 2021. The market is expected to achieve a CAGR of less than 1% during 2020-2025. The Switzerland life insurance market report analyzes distribution channels operating in the segment, gives a comprehensive overview of Switzerland economy and demographics, and provides detailed information on the competitive landscape in the country. The report also gives insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report includes details of insurance regulations and recent changes in the regulatory structure.
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Key Regulatory and Compliance Framework in the Switzerland Life Insurance Industry
The Swiss Financial Market Supervisory Authority (FINMA) governs the Switzerland insurance Industry. The Insurance legislation does not specify any restrictions on the policy currency. However, Swiss francs are commonly used. Insurers may also use other foreign convertible currencies. Premium rates are not regulated in the Swiss insurance industry, except for insurance of buildings against natural forces.
Key Lines of Business in the Switzerland Life Insurance Industry
The key lines of business in the Switzerland life insurance industry are whole life, general annuity, endowment, pension, capitalization, other life insurance, and life PA&H. Pensions accounted for a majority of the life insurance premiums.
Switzerland Life Insurance Industry Analysis by Lines of Business
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Key Switzerland Life Insurance Industry Companies
Some of the key life insurance companies in Switzerland are Swiss Life AG, Helvetia Schweizerische Lebensversicherungsgesellschaft AG, Basler Lebensversicherungs-AG, Zurich Insurance Company AG, AXA Leben AG, Zürich Lebensversicherungs-Gesellschaft AG, Allianz Suisse Lebensversicherungs-Gesellschaft AG, Generali Personenversicherungen AG, Schweizerische Mobiliar Lebensversicherungs-Gesellschaft AG, and Pax, Schweizerische Lebensversicherungs-Gesellschaft AG. Swiss Life AG had the largest market share in terms of value in 2020.
Switzerland Life Insurance Industry, by Companies
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Switzerland Life Insurance Market Report Overview
| Market Size (2021) | $30.4 billion |
| CAGR (2020-2025) | <1% |
| Key Lines of Business | Whole Life, General Annuity, Endowment, Pension, Capitalization, Other Life Insurance, and Life PA&H |
| Key Companies | Swiss Life AG, Helvetia Schweizerische Lebensversicherungsgesellschaft AG, Basler Lebensversicherungs-AG, Zurich Insurance Company AG, AXA Leben AG, Zürich Lebensversicherungs-Gesellschaft AG, Allianz Suisse Lebensversicherungs-Gesellschaft AG, Generali Personenversicherungen AG, Schweizerische Mobiliar Lebensversicherungs-Gesellschaft AG, and Pax, Schweizerische Lebensversicherungs-Gesellschaft AG |
Scope
This report provides a comprehensive analysis of the life insurance segment in Switzerland –
- It provides historical values for the Switzerland life insurance segment for the report’s review period and projected figures for the forecast period.
- 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 Switzerland life insurance segment.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Switzerland life insurance segment.
- Assess the competitive dynamics in the life insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
Key Players
Table of Contents
Frequently Asked Questions
The gross written premium of Switzerland life insurance industry was $30.4 billion in 2021.
The Switzerland life insurance industry is expected to achieve a CAGR of less than 1% during 2020-2025.
The key lines of business in the Switzerland life insurance industry are whole life, general annuity, endowment, pension, capitalization, other life insurance, and life PA&H.
Some of the key insurance companies in Switzerland life insurance industry are Swiss Life AG, Helvetia Schweizerische Lebensversicherungsgesellschaft AG, Basler Lebensversicherungs-AG, Zurich Insurance Company AG, AXA Leben AG, Zürich Lebensversicherungs-Gesellschaft AG, Allianz Suisse Lebensversicherungs-Gesellschaft AG, Generali Personenversicherungen AG, Schweizerische Mobiliar Lebensversicherungs-Gesellschaft AG, and Pax, Schweizerische Lebensversicherungs-Gesellschaft AG.
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