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Annual Report

The Generali Group Switzerland achieved its targets in 2016 and implemented a new strategy

We are also using the newly implemented strategy to pave the way for the future. Around CHF 100 million will be invested in the modernisation of our business model over the next four years. This will strengthen the innovation culture so that we may align the processes and services even more closely with the specific needs of our customers and develop new products and services.

 

Our overall result grew year-on-year by 23.8% to CHF 191.7 million. A drop of 3.7% to CHF 2,051.7 million was recorded for the gross written premiums. There was a return of 7.3% in the life & pension area. This was due predominantly to the decline in conventional life insurance. In contrast with this, we optimised our portfolio in the non-life line of business.  The volume of premiums grew (+2.2%) and the Combined Ratio was excellent as in the previous year, closing at 92.8%. Capital investments developed well with an increase of 4.8% and contributed significantly to the positive overall result.