FINMA today publishes its 2022 insurance market report with aggregated data on the Swiss insurance market. The data show that in the 2022 financial year, the insurance companies were largely able to offset the unfavourable market conditions with falling prices on the stock and bond markets thanks to overall good performance in underwriting.
Swiss insurance companies achieved aggregate annual profits of CHF 7.6 billion in 2022, which represents an overall increase of 1.5% over the previous year. The annual profits of life insurers fell by 9% to CHF 1.3 billion. Non-life insurers’ aggregate annual profits fell by 3% to CHF 5.8 billion. The reinsurance companies, on the other hand, increased their annual profits from CHF 0.1 billion in the previous year to CHF 0.5 billion in the year under review.
Significant increase in premium volume
Aggregate gross premium volume increased by CHF 9.5 billion or +7.9% in the year under review to CHF 128.9 billion. All sectors recorded significant increases in their premium volumes compared to the previous year. On the one hand, these premium increases reflect inflation; on the other hand, they are also the result of increased tariffs, especially in the reinsurance sector.
FINMA publishes an annual report on the activities of supervised insurance companies. This edition contains aggregated statistics on the market as a whole as well as on the individual sectors of life insurance, non-life insurance and reinsurance. In addition, the report contains data on group life reporting for the occupational pension schemes of private life insurers in the second pillar.
Detailed data on the internet
As a supplement to the insurance market report, FINMA publishes electronic tables on its website in the insurers’ reporting portal, which provide detailed information for each insurance company as well as in aggregated form. The data can be filtered according to individual needs and downloaded in the standard electronic formats. In addition, FINMA publishes detailed information about the operating statement of occupational pensions (charts and transparency schemes) on its website.
