Switzerland's insurance market is one of the most developed in the region. The large lifeinsurance sector has long played a pivotal role in organised savings and investments while the non-lifesector is among the world leaders in terms of product ranges. The maturity of the market and the high levelof competition among leading providers (both domestic and multinational) does mean that growth in mostestablished lines is expected to be relatively slow, though the health insurance segment is expected toexpand steadily, keeping the market in positive territory.
Key Updates And Forecasts
Switzerland remains an attractive investment prospect. In July 2017 Canada based Fairfax Financialannounced it had completed the acquisition of Swiss insurance company Allied World Assurance. Thedeal was agreed in December 2016 and carried a reported value of USD4.9bn.