Suva reduces premiums again in 2025 and reimburses an additional CHF 730 million to insured persons

Suva reported a positive overall result of CHF 309 million for the past financial year. Suva's financial situation remains solid and all insurance branches are financially balanced. Suva's assets are fully earmarked for specific purposes. They cover the obligations for around 80,000 current pensions as well as future medical costs and daily allowances and other insurance benefits from accidents and occupational illnesses that have already occurred.

The stock market year 2023 was volatile due to the challenging economic and geopolitical environment. Nevertheless, Suva was able to achieve a good investment result of 4.8% (previous year - 8.1%), which contributed to the good financial situation.

In 2023, Suva registered around 495,000 accidents and occupational illnesses. The difference compared to the previous year is small, with an increase of 0.3%. The accident risk - i.e. the number of newly registered accidents per 1,000 insured persons - follows the long-term trend: in occupational accident insurance, the accident risk has fallen by 10 percent within ten years and stood at 79 accidents per 1,000 insured persons in the reporting year. Work in Suva-insured companies has thus become significantly safer. The risk of serious accidents resulting in disability or death has also fallen significantly over the last 10 years. In non-occupational accident insurance, the accident risk has remained stable over ten years at 127 accidents per 1000 insured persons.

The pleasing development of the accident risk and the positive underwriting result allow the average net premiums in occupational accident insurance to be reduced again by around 4%, and in non-occupational accident insurance by around 5%.

Suva's financial situation remains solid. The Suva Council has therefore decided to continue the reimbursement of capital gains surpluses from previous years. For 2025, this means a further premium reduction of 20% of net premiums in both occupational and non-occupational accident insurance, which corresponds to a refund of around CHF 730 million to insured persons.

The continuation of the reimbursement of capital gains surpluses in combination with the reduction in net premiums, particularly in occupational accident insurance, has once again resulted in the lowest total premium burden for insured persons since the introduction of the UVG in 1984.

In 2023, the new workflows in claims management ("smartCare" program) were established. For example, around 80% of daily allowance settlements are now settled automatically. This increase in efficiency is noticeable for the insured companies in terms of case processing time: the processing time from accident notification to payment of daily benefits fell by 20 percent. As a result, daily allowances could be paid out 8 days earlier on average.

Suva also takes non-financial targets into account in its investment activities. In the 2023 reporting year, Suva's financed greenhouse gas emissions fell by 13 percent. As a member of the Swiss Association for Responsible Investment (SVVK) and Climate Action 100+, Suva, together with other investors, has actively engaged with 460 companies to reduce their greenhouse gas emissions. 37% of these companies have committed to an externally verified net-zero target by 2050. This is 6 percentage points more than in the previous year.

The Suva Council, which is composed of social partners, elected Andreas Rickenbacher as the new Suva Council President on June 14, 2024. Andreas Rickenbacher, a professional member of the Board of Directors and Foundation Council, has been a member of the Suva Council since 2023 as a representative of the federal government and succeeds Gabriele Gendotti, who has held the chairmanship since 2018 and is stepping down for age reasons. Felix Weber, Chairman of the Suva Executive Board, says: "We would like to thank Gabriele Gendotti for his constructive, committed and successful work in recent years and wish Andreas Rickenbacher every success as Chairman of Switzerland's largest accident insurance company."