Despite the difficulties linked to financial markets and interest rates, life insurance products remain important and necessary for the general public, as confirmed by the Swiss “Worry Barometer” survey. In this environment, Groupe Mutuel Vie GMV SA was able to close the 2020 financial year on a positive note. Compared to 2019, the technical result improved and the financial result remained at a satisfactory level.
For this last year, the balance sheet total rose by 7.31% to reach CHF 975 million. For the 2020 financial year, gross premiums for Groupe Mutuel Vie GMV SA were slightly down by 1.59% to 83.75 million and there were 39,346 policies in force as at 31 December 2020.
Groupe Mutuel Vie GMV’s focus is on individual life insurance with periodic premiums that aim to build up retirement savings or to cover risks (death and earning incapacity). The range is extensive but traditional combined insurance remains attractive, particularly for the financial guarantees and security it offers. In 2020, the pricing of lump-sum benefits in the event of death was reviewed, which placed Groupe Mutuel Vie GMV SA in an attractive position on the market.
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