An outlook on Suva premiums in 2022
Suva can report a positive operating result of 241 million francs for the past financial year. According to the accident insurer, the insurance lines are in financial balance.
According to Suva, the pandemic led to an extraordinary, marked decline in the number of accidents. Although the average costs per case increased slightly, the overall result was a significant surplus. in the technical account. This is estimated at 108 million Swiss francs for occupational accident insurance and 145 million Swiss francs for non-occupational accident insurance. For all future benefits from accidents and occupational illnesses, there are provisions in line with requirements. Due to the special effects, policyholders should benefit from low premiums next year. The major part of a strong investment performance was contributed by equity investments.
Average refunds of 7.3 percent
As a result, Suva is able to invest many of its assets in real estate and alternative investments. Overall, the number of accidents fell by ten percent. The sharpest decline in occupational accidents was recorded in aviation, with a drop of 54 percent. In total, Suva received 431,827 reported accidents and occupational illnesses. In addition, due to restrictions on recreational sports activities, accidents in team sports were also down. For example, there were 37 percent fewer soccer accidents. This resulted in a large surplus of 253 million Swiss francs, which will be refunded to policyholders in the form of lower premiums in 2022.
"Suva's insured will benefit from historically low premiums in 2022," said Felix Weber, Chairman of Suva's Executive Board, at the annual media conference.
The premium burden for insured persons will be historically low next year, due to the surplus of investment income of CHF 779 million, or 22 percent of net premiums. Thanks to the positive investment income, 15 percent of net premiums are to be refunded for all classes and lines of insurance. Net premiums for 2022 will remain stable for workers' compensation insurance; net premiums for non-workers' compensation insurance will be slightly higher. The amount of the premium reduction would be defined by the effectively observed cost decrease of the respective risk class. On average, reimbursements will amount to 7.3 percent of net premiums for occupational accident insurance and 6.8 percent for non-occupational accident insurance, according to Suva.
To the Suva Annual Report 2020
Factsheet Suva on premiums 2022
Source: Suva
