Historically low Suva premiums for 2022

Suva can look back on a positive operating result last year. All major insurance lines were in financial balance, Suva wrote in a statement. For all future benefits from accidents and occupational diseases, there are provisions in line with requirements. Due to the special effects, policyholders should benefit from low premiums next year. The largest part of a strong investment performance was contributed by equity investments.

Fewer accidents and occupational illnesses as a result of the pandemic

Suva was thus able to invest many parts of its assets in real estate and alternative investments. During the lockdown, the number of accidents also fell from mid-March onwards, by a total of ten percent. The strongest decline with occupational accidents was recorded in aviation, with a drop of 54 percent. In total, Suva received 431,827 reported accidents and occupational illnesses, ten percent less overall than in 2019. In addition, due to the restrictions on recreational sports activities, accidents in team sports were also down. For example, there were 37 percent fewer football accidents. This resulted in an extraordinary surplus of 253 million Swiss francs, which will be refunded to policyholders in the form of lower premiums in 2022. Due to the surpluses and investment income of CHF 779 million, or 22 percent of net premiums, the average premium burden for insured persons will be "historically low" next year, according to Suva

Complex tasks at Suva are also to be increasingly handled by specialists and case managers and more service portals and applications. However, customer proximity will remain a central element in the new structure: All Suva agencies will remain unchanged and will focus even more on important customer concerns, Suva says.

Source: Suva