320:. Its main bodies are elected by the general assembly. The Managing Board sets the objectives and establishes the strategy of the SIA; it also monitors the activities of the head office. Committees and commissions, consisting of highly qualified representatives of the membership, are in charge of drafting solutions in the interest of the entire insurance industry. The SIA head office is divided into the three divisions "Insurance Strategy and Regulation", "Public Affairs and Communications" and "Directorate".
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value-adding of the economy. With their expertise in risk coverage and hazard prevention, private insurers assume economic responsibility: they make a significant contribution to the stability of
Switzerland's economic system and prosperity. With that in mind, the SIA is committed to the sustainable development of the sector and its locations.
369:, the cantonal buildings insurers and the autonomous pension funds are not considered private insurers. FINMA is in charge of client protection and monitors the insurers’ ability to continuously meet their contractual obligations. The SIA shares the general interest in a strong and competent regulator.
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The association has approximately 70 members, which include many specialists, national-level property, life and supplementary health insurers, and global primary insurers and reinsurers. Private insurers employ approx. 50,000 people in
Switzerland. The sector is among the most productive and highest
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The SIA is a member of national and international associations and organisations. It represents its members’ interests and concerns namely vis-à -vis economiesuisse, the Swiss
Employers Confederation and the Swiss Chamber of Commerce. Its membership in the European (re)insurance federation
353:(1875). The SIA's predecessor – the "Verband concessionierter schweizerischer Versicherungs-Gesellschaften" – was founded in 1900 and made up of 21 insurance companies. Today the association is called SIA and has some 80 members.
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The history of the private insurance industry goes back to the 19th century when the first private insurance companies were founded. Many of these companies are active to this day, namely
Mobiliar (founded in 1826),
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Swiss private insurers are of economic importance. They assume and cover companies' and private individuals
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social security (occupational pensions, life insurance)
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and the Global
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365:(FINMA). Compulsory basic health insurance, the
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316:") in accordance with article 60ss. of the
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53:Learn how and when to remove these messages
367:Swiss Accident Insurance Institution SUVA
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466:Trade associations based in Switzerland
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