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

31 
Table 4. Switzerland: International Participation of the Insurance Groups, 2012 
(In millions of Swiss francs) 
Top 10 Insurance Groups in 2012 
 Assets Premiums 
 
Consolidated
Domestic 
Operations*
% of 
Domestic
Consolidated 
Domestic 
Operations*
% of 
Domestic
Baloise 73,527
32,873
44.7%
6,742
3,827 
56.8%
Helvetia 42,497
28,407
66.8%
6,829
3,978 
58.3%
Nationale Suisse 
6,260
5,098
81.4%
1,512
1,050 
69.4%
Mobiliar 15,648
15,648
100.0%
3,299
3,280 
99.4
%
Swiss Life 
163,401
84,894
52.0%
12,351
7,802 
63.2%
Swiss Re 
197,519
177,120
89.7%
24,661
409 
1.7%
Vaudoise 11,627
4,960
42.7%
1,496
978 
65.4%
Zurich Insurance Group 
374,623
103,913
27.7%
49,408
4,842 
9.8%
Total 
885,102
452,913
51.2%
106,298
26,166 
24.6%
*Total assets of regulated Swiss entities. 
*Foreign branches of Swiss legal entities 
not included. 
Source: Authorities.
 
62. Possible systemic risk from the insurance sector needs to be addressed, including 
through implementing the FSB’s KAs as these come to be finalized for insurers.
FINMA is host 
supervisor of globally systemic important insurers’ (G-SIIs) subsidiaries and is expected to become 
the home supervisor of one G-SII as the designation methodology for reinsurers is completed in 
2014. Preparation work has started for addressing the systemic risk that the presence of a G-SII in 
the jurisdiction creates. For colleges led by FINMA, emergency plans compliant with the standards 
of the International Association of Insurance Supervisors (IAIS) Principle 26 have been developed. 
These plans are regularly tested and improved. Using as guidance the recovery and resolution 
plans developed for banks, FINMA has requested and discussed recovery and resolution plans for 
the three largest insurer groups. These plans have already produced concrete actions which 
included dialogue with foreign supervisors regarding emergency situations.