The Swiss insurance market is a world insurance hub, with one of the highest penetration (8.4% ) and expenditure per capita ratios ( 6 835 USD) in the world. In addition, insurance industry plays an important role in the Swiss economy. According to the Swiss financial centre report, Swiss insurance market generated in 2020 gross value added of almost CHF 33 billion (4.7 % of GDP), employed more around 42 thousand people and managed more than CHF 570 billion in assets (a figure equivalent to 81% of Switzerland entire annual GDP).

Despite the maturity of Swiss insurance industry, Swiss customers have not yet been particularly spoiled by conspicuously low premiums or a large number of innovative offers, making it an interesting market for young, independent, innovative InsurTech companies. According to the the InsurTech Radar 2021 report, as of mid-2021, 44 InsurTech companies were active in Switzerland.

In this webinar, we will discuss the InsurTech market in Switzerland, its potential, key trends, challenges and opportunities that InsurTech companies bring to the Swiss insurance market, and what the future might look like for both incumbent insurers and younger businesses.