Non-Life Insurance in Switzerland
Summary
Non-Life Insurance in Switzerland industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event. The market value is measured by the written premium generated by market players within a given year.
- The Swiss non-life insurance market recorded written premiums of $39.6 billion in 2023, representing a compound annual growth rate (CAGR) of 4.4% between 2018 and 2023.
- The motor segment accounted for the market's largest proportion in 2023, with total written premiums of $8.1 billion, equivalent to 20.4% of the market's overall value.
- The Swiss non-life insurance market is experiencing significant growth, driven by rising awareness of the importance of insurance in safeguarding assets and mitigating financial risks. Additionally, natural catastrophes, such as floods and wildfires, continue to occur with significant impact, driving the demand for non-life insurance as they cause substantial damages and affect numerous individuals, highlighting the critical role of insurance in providing financial protection and supporting recovery efforts. According to the EM-DAT (Emergency Events Database) by the Centre for Research on the Epidemiology of Disasters (CRED), natural catastrophes in Switzerland affected 15,040 people in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Switzerland
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Switzerland
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Switzerland non-life insurance market with five year forecasts
- What was the size of the Switzerland non-life insurance market by value in 2023?
- What will be the size of the Switzerland non-life insurance market in 2028?
- What factors are affecting the strength of competition in the Switzerland non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Switzerland's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strategies of the leading players?
- 7.4. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. AXA SA
- 8.2. Schweizerische Mobiliar Versicherungsgesellschaft AG
- 8.3. Allianz SE
- 8.4. Zurich Insurance Group Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Switzerland non-life insurance market value: $ billion, 2018-23
- Table 2: Switzerland non-life insurance market category segmentation: % share, by value, 2018-23
- Table 3: Switzerland non-life insurance market category segmentation: $ billion, 2018-23
- Table 4: Switzerland non-life insurance market geography segmentation: $ billion, 2023
- Table 5: Switzerland non-life insurance market value forecast: $ billion, 2023-28
- Table 6: Switzerland non-life insurance market share: % share, by value, 2023
- Table 7: AXA SA: Key Facts
- Table 8: AXA SA: Annual Financial Ratios
- Table 9: AXA SA: Key Employees
- Table 10: AXA SA: Key Employees Continued
- Table 11: Schweizerische Mobiliar Versicherungsgesellschaft AG: Key Facts
- Table 12: Schweizerische Mobiliar Versicherungsgesellschaft AG: Key Employees
- Table 13: Allianz SE: Key Facts
- Table 14: Allianz SE: Annual Financial Ratios
- Table 15: Allianz SE: Key Employees
- Table 16: Allianz SE: Key Employees Continued
- Table 17: Zurich Insurance Group Ltd: Key Facts
- Table 18: Zurich Insurance Group Ltd: Annual Financial Ratios
- Table 19: Zurich Insurance Group Ltd: Key Employees
- Table 20: Zurich Insurance Group Ltd: Key Employees Continued
- Table 21: Switzerland Size of Population (million), 2019-23
- Table 22: Switzerland Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 23: Switzerland GDP (Current Prices, $ Billion), 2019-23
- Table 24: Switzerland Inflation, 2019-23
- Table 25: Switzerland Consumer Price Index (Absolute), 2019-23
- Table 26: Switzerland Exchange Rate, 2018-23
- List of Figures
- Figure 1: Switzerland non-life insurance market value: $ billion, 2018-23
- Figure 2: Switzerland non-life insurance market category segmentation: $ billion, 2018-23
- Figure 3: Switzerland non-life insurance market geography segmentation: % share, by value, 2023
- Figure 4: Switzerland non-life insurance market value forecast: $ billion, 2023-28
- Figure 5: Forces driving competition in the non-life insurance market in Switzerland, 2023
- Figure 6: Drivers of buyer power in the non-life insurance market in Switzerland, 2023
- Figure 7: Drivers of supplier power in the non-life insurance market in Switzerland, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Switzerland, 2023
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Switzerland, 2023
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Switzerland, 2023
- Figure 11: Switzerland non-life insurance market share: % share, by value, 2023
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