The financial services sector is subject to constant change. Far-reaching regulatory reforms, ongoing deleveraging and the global shift in economic power towards emerging markets are just some of the key factors shaping the landscape. In the insurance industry, demographic developments in particular present significant challenges. Combined with increasing regulatory requirements and the associated rise in costs, these factors are intensifying competition even further.
These developments continue to pose major challenges for the Swiss financial centre as a whole – while also opening up long-term opportunities in various strategic areas. Switzerland’s strong international position in financial services cannot be taken for granted. It is built on traditional strengths such as a high standard of advisory and service quality, legal certainty and currency stability, as well as solid economic and political framework conditions.
