Private life insurers covering the second pillar

Every year FINMA issues a disclosure report setting out figures for private insurers who manage second pillar schemes. This report enhances the transparency of their business activities.

Occupational pension schemes in Switzerland, also referred to as the second pension pillar, are governed by the Federal Act on Occupational Old Age, Survivors' and Invalidity Pensions (OPA). Pension schemes covered by this law are permitted to hand over all or part of the capital and risk management which they are unable or unwilling to perform themselves to private life insurers.

The Insurance Supervision Act (ISA) stipulates that FINMA is responsible for supervising private life insurers. These group life insurers provide cover especially for the pension schemes of small and medium enterprises (SMEs) by:

  • managing around one fifth of all the capital in pension schemes, which totals approximately CHF 850 billion;
  • insuring just under half of the 3.9 million active insured persons in Switzerland;
  • providing pensions for nearly a quarter of a million pensioners, and
  • satisfying the demand of SMEs for comprehensive pension solutions.

The transparency report on second-pillar activity published annually by FINMA, undertakes to enhance disclosure in these occupational pension schemes and to positively influence the conduct of private insurers.

FINMA compiles this report on the basis of figures voluntarily disclosed to it by the group life insurers. The report includes key indicators such as costs, dividend payout policy and the nature of capital investments. These indicators highlight the strengths and weaknesses of market participants and permit performance comparisons. This is beneficial for companies requiring pension coverage and their employees.

Financial reporting transparency report

Occupational pension schemes at life insurers

Insurance market report 2015

Updated: 30.09.2016 Size: 0,37  MB
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Betriebsrechnung berufliche Vorsorge 2015

Offenlegung gegenüber den versicherten Vorsorgeeinrichtungen

Updated: 10.09.2016 Size: 0,53  MB
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Berufliche Vorsorge bei Lebensversicherungsunternehmen

Offenlegung der Betriebsrechnung 2014

Updated: 04.09.2015 Size: 1,36  MB
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Offenlegungsschema 2013

Updated: 05.09.2014 Size: 0,43  MB
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Offenlegungsschema 2012

Updated: 06.09.2013 Size: 1,06  MB
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Offenlegungsschema 2011

Updated: 07.09.2012 Size: 1,46  MB
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Offenlegungsschema 2010

Updated: 16.03.2015 Size: 1,64  MB
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Offenlegungsschema 2009

Updated: 26.05.2015 Size: 1,38  MB
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Offenlegungsschema 2008

Updated: 26.05.2015 Size: 1,09  MB
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