Switzerland: Financial Sector Stability Assessment; imf country Report 14/143; April 16, 2014

 
 
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FL
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SWITZERLAND
22 
INTERNATIONAL MONETARY FUND
33. The strong initial solvency position of the non-life insurers allows them to withstand 
the three stress scenarios. The solvency stress test covers over 60 percent of the non-life 
insurance market. For non-life insurers the global shock scenario is the most severe, resulting in 
the reduction in their solvency ratio of up to 46 percentage points in the short term or 76 
percentage points for one insurer in the medium term. Notwithstanding the large impact that the 
stress scenarios have on the available risk capital of the non-life insurers, their strong starting 
position, an average ratio of 230 percent, is sufficient to allow all five insurers to maintain solvency 
levels above 100 percent.