Solvency reached new highs in the second year of the coronavirus pandemic.

Swiss insurance companies must publish the annual financial condition report and submit it to FINMA. KPMG has examined and evaluated these reports for the fifth time in a row.

 

Our analysis confirms the trend observed in the previous year:

The pandemic had little impact on the industry’s financial situation. New highs were reached for the SST ratios, partly on account of the stock market boom at the end of 2021. 

Inflation fears, rising interest rates and the war in Ukraine have put an end to this bull market, and it is questionable whether these highs can be repeated next year.

As local insurers had very sound balance sheets at the end of 2021, they should be well prepared for financial market or economic turbulence.

We have also examined whether and how strategic concerns, ecosystems and ESG issues are communicated in the reports. Life insurers are the most open in this respect. The publications of 55 direct insurers were gathered and evaluated.


Swiss insurers demonstrate their resilience again in the second year of the coronavirus pandemic.

Stefan Zumthor
Director, Deal Advisory Financial Services

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