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Life Insurance & Pension in Switzerland

Publisher MarketLine
Published Nov 14, 2024
Length 43 Pages
SKU # MTLN19547141

Description

Life Insurance & Pension in Switzerland

Summary

Life Insurance & Pension 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
  • Life insurance & pension is the financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
  • The Swiss life insurance & pension market recorded gross written premiums of $25.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.6% between 2018 and 2023.
  • The pension/annuity segment accounted for the market's largest proportion in 2023, with total gross written premiums of $21.5 billion, equivalent to 84.8% of the market's overall value.
  • The growth in the Swiss life insurance & pension market is driven by the increasing population of individuals aged 65 and above. This demographic shift is fuelling demand for retirement savings plans and income protection policies as people seek financial security for their post-retirement years. According to Eurostat, the population of individuals aged 65 and above in Switzerland stood at 1.7 million in 2023, an increase of 4.1% from the previous year.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance & pension market in Switzerland
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in Switzerland
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Switzerland life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the Switzerland life insurance & pension market by value in 2023?
  • What will be the size of the Switzerland life insurance & pension market in 2028?
  • What factors are affecting the strength of competition in the Switzerland life insurance & pension market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Switzerland's life insurance & pension market?

Table of Contents

43 Pages
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. Baloise Holding Ltd
8.3. Helvetia Group
8.4. Swiss Life AG
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 life insurance & pension market value: $ billion, 2018-23
Table 2: Switzerland life insurance & pension market category segmentation: % share, by value, 2018-23
Table 3: Switzerland life insurance & pension market category segmentation: $ billion, 2018-23
Table 4: Switzerland life insurance & pension market geography segmentation: $ billion, 2023
Table 5: Switzerland life insurance & pension market value forecast: $ billion, 2023-28
Table 6: Switzerland life insurance & pension 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: Baloise Holding Ltd: Key Facts
Table 12: Baloise Holding Ltd: Annual Financial Ratios
Table 13: Baloise Holding Ltd: Key Employees
Table 14: Helvetia Group: Key Facts
Table 15: Helvetia Group: Annual Financial Ratios
Table 16: Helvetia Group: Key Employees
Table 17: Swiss Life AG: Key Facts
Table 18: Swiss Life AG: Key Employees
Table 19: Switzerland Size of Population (million), 2019-23
Table 20: Switzerland Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 21: Switzerland GDP (Current Prices, $ Billion), 2019-23
Table 22: Switzerland Inflation, 2019-23
Table 23: Switzerland Consumer Price Index (Absolute), 2019-23
Table 24: Switzerland Exchange Rate, 2018-23
List of Figures
Figure 1: Switzerland life insurance & pension market value: $ billion, 2018-23
Figure 2: Switzerland life insurance & pension market category segmentation: $ billion, 2018-23
Figure 3: Switzerland life insurance & pension market geography segmentation: % share, by value, 2023
Figure 4: Switzerland life insurance & pension market value forecast: $ billion, 2023-28
Figure 5: Forces driving competition in the life insurance & pension market in Switzerland, 2023
Figure 6: Drivers of buyer power in the life insurance & pension market in Switzerland, 2023
Figure 7: Drivers of supplier power in the life insurance & pension market in Switzerland, 2023
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Switzerland, 2023
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Switzerland, 2023
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Switzerland, 2023
Figure 11: Switzerland life insurance & pension market share: % share, by value, 2023

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