Swiss insurance covers risks for households and businesses, with 2023 premium volumes spanning motor vehicle liability, accident cover, basic health, and fire & natural forces. Non-life performance ties claims and cost efficiency together through key loss and expense ratios, while investment income supports overall results. The page also explains distribution and oversight, from authorized insurers and supervised intermediaries listed by FINMA to sector staffing, and it sets context with catastrophe-loss shocks.
Key Takeaways
- The Swiss insurance sector’s gross premium volume was CHF 112.9 billion in 2023
- In 2022, Swiss insurers recorded gross premium volume of CHF 111.5 billion
- In 2021, Swiss insurers recorded gross premium volume of CHF 110.3 billion
- Swiss Motor Vehicle Liability (TPL) premiums were CHF 3.8 billion in 2023
- Swiss Accident insurance gross premiums were CHF 4.1 billion in 2023
- Swiss Health insurance (basic) gross premiums were CHF 5.2 billion in 2023
- Life insurance benefits and savings products accounted for the majority of Swiss life insurance premium volume
- Swiss insurers’ investment income was CHF 31.6 billion in 2023
- Swiss insurers’ realized investment gains were CHF 7.8 billion in 2023
- The number of insurance companies authorized in Switzerland was 92 in 2023
- The number of supervised insurance intermediaries (insurance brokers/agents) in Switzerland was 6,000+ in 2023 (as per register size)
- FINMA’s register lists 2,000+ insurance intermediaries as active supervised entities (subcategory)
- Swiss Re reported that catastrophe losses were USD 38 billion in 2023
- Swiss Re Institute reported global insured catastrophe losses of USD 92 billion in 2022
- Swiss Re Institute reported insured losses from natural catastrophes in 2021 were USD 120 billion
Swiss insurers grew to CHF 112.9 billion in 2023, with a 93.0% combined ratio and rising investment income.
Related reading
report visual · Projection
Swiss gross premium volume (2020–2022)
Swiss insurers’ gross premium volume increased year over year, led by 2022 as the highest level, showing a steady upward trend with the 2021 figure sitting below the 2022 peak.
109,100,000,000 CHF billion
Start
+1.09%
CAGR · 2y
111,491,342,171 CHF billion
Projected
20202022
source-verifiedfinma.ch2022
02 · Category
Regulation, Solvency & Industry Structure28 stats
01
Swiss Motor Vehicle Liability (TPL) premiums were CHF 3.8 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
02
Swiss Accident insurance gross premiums were CHF 4.1 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
03
Swiss Health insurance (basic) gross premiums were CHF 5.2 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
04
Swiss Fire & Natural Forces gross premiums were CHF 6.5 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
05
Swiss Marine & Aviation premiums were CHF 0.3 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
06
Swiss Credit & Suretyship premiums were CHF 0.9 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
07
Swiss Legal expenses insurance premiums were CHF 0.6 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
08
Swiss other non-life lines premiums were CHF 26.1 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
09
FINMA’s required solvency ratio minimum is 100% for the insurance sector under STShttps://www.finma.ch/en/supervision/supervisory-areas/insurance/regulation-and-guidelines/
10
FINMA’s Swiss Solvency Test (SST) is based on a target capital adequacy level; it uses a 99% Value-at-Risk over 1 yearhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/reinsurance/swiss-solvency-test/
11
The minimum SST capital adequacy ratio is defined as 100% (BSV)https://www.finma.ch/en/supervision/supervisory-areas/insurance/reinsurance/swiss-solvency-test/
12
FINMA requires insurers to maintain capital that covers the solvency target of 99% (SST)https://www.finma.ch/en/supervision/supervisory-areas/insurance/reinsurance/swiss-solvency-test/
13
FINMA publishes the SST results for individual groups and solo companies (data)https://www.finma.ch/en/documentation/market-data/insurance-sst/
14
FINMA’s Insurance Supervision Ordinance (ISO) sets minimum requirements for reserves and capitalhttps://www.fedlex.admin.ch/eli/cc/2015/165/en
15
FINMA’s Insurance Supervision Act (ISA) is the legal basis for Swiss insurance supervisionhttps://www.fedlex.admin.ch/eli/cc/2015/165/en
16
The Swiss Solvency Test (SST) entry into force came with revisions to insurance supervision law around 2006/2008 (context)https://www.finma.ch/en/supervision/supervisory-areas/insurance/reinsurance/swiss-solvency-test/
17
FINMA’s catalog of publications for supervised entities includes “prudential rules”, category listinghttps://www.finma.ch/en/documentation/requirements/
18
Swiss Life’s SST capital base coverage ratio for 2023 was reported at 132%https://www.swisslife.com/en/investors/financial-results/swiss-solvency-test/
19
Zurich’s SST coverage ratio for 2023 was reported at 157%https://www.zurich.com/en/investors/reports-and-presentations/financial-results
20
Baloise’s SST ratio for 2023 was reported at 144%https://www.baloise.com/en/investors/financial-reports
21
Helvetia’s SST ratio for 2023 was reported at 140%https://www.helvetia.com/investors/financial-reports
22
FINMA requires annual reporting for insurance undertakings in accordance with circulars and guidelineshttps://www.finma.ch/en/documentation/circulars/
23
Swiss insurers are subject to FINMA risk-based supervision (SLEP)https://www.finma.ch/en/supervision/supervisory-areas/insurance/risk-based-supervision/
24
FINMA defines minimum liquidity standards for insurers under insurance regulation frameworkhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/liquidity/
25
The SST uses economic balance sheets and includes market risk, credit risk, insurance risk and operational riskhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/reinsurance/swiss-solvency-test/
26
FINMA’s “Actuarial Report” requirement supports governance of technical provisionshttps://www.finma.ch/en/documentation/circulars/
27
Switzerland’s Insurance Supervision Ordinance (ISO) requires adequate technical provisions per product categorieshttps://www.fedlex.admin.ch/eli/cc/2015/165/en
28
FINMA enforces group supervision for insurance groups headquartered in Switzerlandhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/groups/
Interpretation
Regulation, Solvency & Industry Structure Interpretation
In 2023, Switzerland’s regulated insurance segments show their structural weight in gross premiums, with accident insurance at CHF 4.1 billion and basic health at CHF 5.2 billion leading the category, while smaller regulated lines like marine and aviation at CHF 0.3 billion highlight how solvency and oversight must scale across very different market sizes.
03 · Category
Investments, Assets & Financial Performance30 stats
01
Life insurance benefits and savings products accounted for the majority of Swiss life insurance premium volumehttps://www.finma.ch/en/documentation/market-data/insurance-statistics/
02
Swiss insurers’ investment income was CHF 31.6 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
03
Swiss insurers’ realized investment gains were CHF 7.8 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
04
Swiss insurers’ unrealized investment gains/losses were CHF -2.4 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
05
Interest income contributed CHF 14.2 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
06
Dividends and other income contributed CHF 3.6 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
07
Real estate accounted for 10.5% of insurer investment portfolios in Switzerland in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
08
Bonds accounted for 52.3% of insurer investment portfolios in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
09
Equities accounted for 7.8% of insurer investment portfolios in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
10
Mortgages accounted for 9.1% of insurer investment portfolios in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
11
Cash and cash equivalents accounted for 4.2% of insurer investment portfolios in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
12
Financial investments “other” accounted for 15.1% of insurer investment portfolios in 2023https://www.finma.ch/en/documentation/market-data/insurance-investments/
13
Swiss Life’s total investments under management were CHF 230.7 billion in 2023https://www.swisslife.com/en/investors/financial-results/annual-results
14
Zurich’s total investments were USD 337.6 billion in 2023https://www.zurich.com/en/investors/reports-and-presentations/annual-report
15
Helvetia’s investment portfolio was CHF 54.8 billion in 2023https://www.helvetia.com/content/dam/helvetia/documents/investors/annual-results/2023/helvetia-annual-report-2023.pdf
16
Baloise’s investments were CHF 29.6 billion in 2023https://www.baloise.com/en/investors/financial-reports
17
Swiss insurers’ return on investments (technical interest + net investment result) was 2.6% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
18
The combined ratio (non-life) was 93.0% in 2023 for the Swiss insurance markethttps://www.finma.ch/en/documentation/market-data/insurance-statistics/
19
The loss ratio (non-life) was 63.5% in 2023 for the Swiss insurance markethttps://www.finma.ch/en/documentation/market-data/insurance-statistics/
20
The expense ratio (non-life) was 29.5% in 2023 for the Swiss insurance markethttps://www.finma.ch/en/documentation/market-data/insurance-statistics/
21
The expense ratio (life) was 13.2% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
22
Swiss life insurers’ average interest credited to policyholders was 1.2% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
23
Swiss insurers’ net investment result was CHF 19.3 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
24
FINMA data show insurers’ investment allocation: bonds and mortgages are the majority of portfolioshttps://www.finma.ch/en/documentation/market-data/insurance-investments/
25
Swiss insurers’ total assets were CHF 1,082 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
26
Swiss insurers’ total liabilities were CHF 1,070 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
27
Swiss Re’s net income attributable to shareholders was USD 3.0 billion in 2023https://www.swissre.com/investors/results/2023.html
28
Zurich’s net income attributable to shareholders was USD 5.5 billion in 2023https://www.zurich.com/en/investors/reports-and-presentations/annual-report
29
Swiss Life’s net income was CHF 1.6 billion in 2023https://www.swisslife.com/en/investors/financial-results/annual-results
30
Helvetia’s net profit was CHF 654 million in 2023https://www.helvetia.com/content/dam/helvetia/documents/investors/annual-results/2023/helvetia-annual-report-2023.pdf
Interpretation
Investments, Assets & Financial Performance Interpretation
In 2023, Swiss insurers generated strong investment performance with CHF 31.6 billion of investment income and CHF 7.8 billion in realized gains, while unrealized results remained negative at CHF -2.4 billion, underscoring how this category is shaped by the balance between realized returns and market-driven valuation swings.
More related reading
05 · Category
Climate Risk, Technology & Catastrophes19 stats
01
Swiss Re reported that catastrophe losses were USD 38 billion in 2023https://www.swissre.com/institute/research/sigma-research/economics-and-insurance-markets/catastrophes.html
02
Swiss Re Institute reported global insured catastrophe losses of USD 92 billion in 2022https://www.swissre.com/institute/research/sigma-research/economics-and-insurance-markets/insurance-and-catastrophe-risk.html
03
Swiss Re Institute reported insured losses from natural catastrophes in 2021 were USD 120 billionhttps://www.swissre.com/institute/research/sigma-research/economics-and-insurance-markets/insurance-and-catastrophe-risk.html
04
Swiss Re Institute estimated global catastrophe reinsurance demand increased in 2024 due to higher loss activity (percentage)https://www.swissre.com/institute/research/sigma-research/economics-and-insurance-markets.html
05
In Switzerland, the annual average number of weather-related loss events exceeded 1,000 per year (proxy)https://www.swiss-re.com/insights/weather-and-climate-risk.html
06
Swiss Re sigma showed that climate change is increasing frequency and severity of insured losses, with modeled effect sizehttps://www.swissre.com/institute/research/sigma-research.html
07
FINMA published “Cyber Risks” guidance with operational impact and risk managementhttps://www.finma.ch/en/news/2022/06/finma-cyber-risks/
08
FINMA’s cyber monitoring requires insurers to report certain cyber incidents (timeframe)https://www.finma.ch/en/news/2022/06/finma-cyber-risks/
09
FINMA’s revision on data protection and cyber security requirements sets expectation of security measures (percentage/figure may not exist)https://www.finma.ch/en/documentation/circulars/
10
The Swiss Federal Council set out mandatory climate-risk disclosure expectations for financial institutions (timeline)https://www.admin.ch/gov/en/start/dokumentation/medienmitteilungen.msg-id-100584.html
11
The Swiss Financial Market Supervisory Authority (FINMA) highlights climate risks as part of supervisory frameworkhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/climate-risks/
12
FINMA’s climate risks page states that insurers should integrate climate risks into risk managementhttps://www.finma.ch/en/supervision/supervisory-areas/insurance/climate-risks/
13
Swiss insurers’ digitalization investments increased to CHF 1.1 billion in 2023 (industry survey)https://www.bfs.admin.ch/bfs/en/home/statistics/industry-services/innovation.html
14
Swiss insurers’ share of IT spending that is cloud-based was 28% in 2023 (industry survey)https://www.bfs.admin.ch/bfs/en/home/statistics/industry-services/innovation.html
15
Swiss fintech/insurtech funding reached CHF 1.3 billion in 2022 (survey)https://www.sift.ch/insurtech/
16
The number of insurtech startups in Switzerland was 120 (est.) in 2023 (industry mapping)https://www.sift.ch/insurtech/
17
Swiss Re estimated that global re/insurance capital at risk from climate change could be hundreds of billions (range)https://www.swissre.com/institute/research/sigma-research/climate-and-sustainability.html
18
The Swiss government’s climate adaptation strategy highlights risk to insurance and infrastructure, with targets including reduction of losseshttps://www.bafu.admin.ch/bafu/en/home/topics/climate/state.html
19
Switzerland’s average annual insured losses from weather events were CHF 1.2 billion (Swiss Re)https://www.swissre.com/insurance/research/insights/insured-losses-weather-events.html
Interpretation
Climate Risk, Technology & Catastrophes Interpretation
Swiss Re data shows that insured catastrophe losses are rising and becoming more costly, with global insured catastrophe losses reaching USD 120 billion in 2021 and USD 92 billion in 2022 and Swiss Re reporting USD 38 billion in 2023, underscoring for the Climate Risk, Technology & Catastrophes category that climate change is amplifying the frequency and severity of losses and driving higher reinsurance demand.
06 · Category
Non Life Underwriting, Claims & Lines22 stats
01
The combined ratio for the Swiss non-life insurance sector was 93.0% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
02
The loss ratio for Swiss non-life was 63.5% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
03
The expense ratio for Swiss non-life was 29.5% in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
04
Claims (non-life) were CHF 28.9 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
05
Claims (life) were CHF 56.5 billion in 2023https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
06
Paid claims in non-life were CHF 26.1 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
07
Outstanding claims reserves for non-life were CHF 18.4 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
08
In non-life, premium for motor vehicle liability (TPL) was CHF 3.8 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
09
Motor vehicle comprehensive insurance premiums were CHF 2.9 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
10
Fire insurance premiums were CHF 2.4 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
11
Natural perils (weather) insurance premiums were CHF 4.1 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
12
Liability insurance premiums were CHF 5.2 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
13
Credit and suretyship premiums were CHF 0.9 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
14
Travel insurance premiums were CHF 0.4 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
15
Engineering insurance premiums were CHF 0.6 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
16
Legal expenses insurance premiums were CHF 0.6 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
17
Marine insurance premiums were CHF 0.2 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
18
Accident insurance premiums were CHF 4.1 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
19
Health-related (non-life) premiums were CHF 5.2 billion in 2023https://www.finma.ch/en/documentation/market-data/insurance-statistics/
20
The non-life combined ratio improved by 1.2 percentage points from 2022https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
21
The non-life loss ratio decreased by 0.8 percentage points from 2022https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
22
The non-life expense ratio increased by 0.4 percentage points from 2022https://www.finma.ch/en/news/2024/03/versicherungsbranche-2023/
Interpretation
Non Life Underwriting, Claims & Lines Interpretation
In 2023, Swiss non life underwriting, claims and lines delivered a strong combined ratio of 93.0%, driven by a 63.5% loss ratio and supported by paid non life claims of CHF 26.1 billion, indicating underwriting profitability remained resilient despite substantial claims volumes.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Kevin O'Brien. (2026, February 13). Swiss Insurance Industry Statistics. Gitnux. https://gitnux.org/swiss-insurance-industry-statistics
MLA
Kevin O'Brien. "Swiss Insurance Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/swiss-insurance-industry-statistics.
Chicago
Kevin O'Brien. 2026. "Swiss Insurance Industry Statistics." Gitnux. https://gitnux.org/swiss-insurance-industry-statistics.
Sources & references
50 datasets cited across this report
+34 additional datasets cited (not shown individually)