GVZ: Provisional damage assessment 2023

GVZ Gebäudeversicherung Kanton Zürich can look back on another moderate claims year. In 2023, both fire and natural hazard claims fell slightly compared to the previous year.

Aerial view of Zurich and the Limmat (Image: Depositphotos/pandionhiatus3)

The estimated total loss amounts to CHF 48.4 million (previous year: CHF 59.9 million). In 2023, GVZ processed a total of 3,599 claims (previous year: 3,325), including 1,080 fire claims and 2,519 natural hazard claims.

The total estimated fire damage decreased by around CHF 8.0 million compared to the previous year to CHF 40.2 million (previous year: CHF 48.6 million). With an estimated loss amount of CHF 8.2 million (previous year: CHF 11.3 million), damage caused by natural hazards is also below the previous year's figure.

The provisional loss figures can be found on the GVZ website can be viewed here. GVZ will publish the final business figures for 2023 after May 20, 2024.

GVZ Gebäudeversicherung Kanton Zürich insures buildings in the canton of Zurich against fire and natural hazards and is committed to protecting people and property through prevention. It fulfills its legal mandate to provide fire protection and fire departments in close cooperation with the municipalities. GVZ is an independent public company and employs around 140 full-time and 250 part-time staff.

Source: GVZ

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