Swiss Life Switzerland has announced that it increased payments to insureds in 2009 by 36.6% to just over CHF 2.4 billion. With a payment ratio of 92.1% clearly exceeding the legal requirements, interest paid on retirement savings was also well above guaranteed levels. At the same time, administration costs fell by 5.6%. Swiss Life also further extended its range of Swiss employee benefit solutions.
Excellent results
Swiss Life’s 2009 BVG (2nd pillar) results improved on those of 2008, achieving a total result of almost CHF 7.6 billion, partly due to excellent investment returns. Insureds received a payout ratio of 92.1%, well above the legal minimum and the market average. Policyholders also benefited from market-leading interest rates: 2.4% on the mandatory portion of retirement savings, and 2.8% on supplementary retirement savings.
At the end of 2009, Swiss Life’s BVG portfolio covered almost 600,000 insureds from over 30,000 companies, representing a 29.4% share of the market.
Full range provider
In order to serve its clients even more comprehensively, Swiss Life has now introduced two new solutions for corporate clients:
- Swiss Life Business Invest - a new part-autonomous benefit solution aimed at small and medium-sized enterprises and offering higher investment returns than classical full insurance
- Swiss Life Prisma Invest - which provides a choice of investment options and thus higher return opportunities for companies with ten employees or more
Services to large and mid-sized companies have also been enhanced with the strengthening of Swiss Life Pension Services, which provides advisory support in all areas connected with the second pillar.
Swiss Life’s 2009 BVG (2nd pillar) results improved on those of 2008, achieving a total result of almost CHF 7.6 billion, partly due to excellent investment returns. Insureds received a payout ratio of 92.1%, well above the legal minimum and the market average. Policyholders also benefited from market-leading interest rates: 2.4% on the mandatory portion of retirement savings, and 2.8% on supplementary retirement savings.
At the end of 2009, Swiss Life’s BVG portfolio covered almost 600,000 insureds from over 30,000 companies, representing a 29.4% share of the market.
Full range provider
In order to serve its clients even more comprehensively, Swiss Life has now introduced two new solutions for corporate clients:
- Swiss Life Business Invest - a new part-autonomous benefit solution aimed at small and medium-sized enterprises and offering higher investment returns than classical full insurance
- Swiss Life Prisma Invest - which provides a choice of investment options and thus higher return opportunities for companies with ten employees or more
Services to large and mid-sized companies have also been enhanced with the strengthening of Swiss Life Pension Services, which provides advisory support in all areas connected with the second pillar.