Company profile

Future of Swiss Life

#
Rank
427
| Quantumrun Global 1000

The Swiss Life Group is the biggest life insurance company in Switzerland and one of Europe’s top comprehensive financial and life and pensions solutions providers. It was established as the Schweizerische Lebensversicherungs und Rentenanstalt cooperative in Zurich in 1867.

Home Country:
Sector:
Industry:
Insurance - Life, Health (stock)
Website:
Founded:
1857
Global employee count:
7595
Domestic employee count:
2062
Number of domestic locations:

Financial Health

Revenue:
$19707000000 CHF
3y average revenue:
$20245333333 CHF
Operating expenses:
$18314000000 CHF
3y average expenses:
$18948000000 CHF
Funds in reserve:
$1885000000 CHF
Market country
Revenue from country
0.72

Asset Performance

  1. Product/Service/Dept. name
    Services (Switzerland)
    Product/Service revenue
    812000000
  2. Product/Service/Dept. name
    Services (France)
    Product/Service revenue
    244000000
  3. Product/Service/Dept. name
    Services (Germany)
    Product/Service revenue
    125000000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines