ElipsLife Switzerland has identified new market opportunities in personal insurance and will strengthen its strategic positioning in the area of short-term disability benefit insurance and accident insurance. Here, it plans to increase its current offering for medium-sized and large clients and expand its offering to SMEs. A clear focus on the personal insurance business combined with investments in automation and digitalisation will accelerate the growth of elipsLife in the Swiss market in the coming years.
ElipsLife Switzerland is to withdraw from the retirement provisions business and will no longer offer reinsurance for pension funds. Existing customers will receive an offer from Swiss Life Switzerland at the time of renewal. The current pension fund reinsurance business and the portfolio of individual life customers will continue to be managed by elipsLife. The usual high service quality will be maintained and will now be guaranteed by Swiss Life Switzerland in the claims area. All contacts in the reinsurance business will thus remain unchanged for the time being. This strategic collaboration ensures that the competencies and strengths of the two companies are optimally combined.
The changes listed are subject to approval by the supervisory authorities.