- Language: English
- 118 Pages
- Published: August 2011
- Region: Europe
Summary: Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG Jun 04
- Published: June 2004
- Region: Switzerland
- Standard & Poors
The ratings on Switzerland-based life insurer Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG (Swiss Life) and related operating entities reflect strong operational and financial controls, improved underlying earnings, and strong capitalization. Partly offsetting these positive factors are Swiss Life's unsatisfactory competitive strength in Switzerland, reflected in continued low profitability in its domestic book of business, and its more limited financial flexibility (defined as the ability to source capital relative to requirements). Swiss Life has successfully executed a number of steps to improve operational and financial controls. The outcome has been a significant reduction in costs, improved product repricing, and significantly strengthened asset-liability and risk-management capabilities. In addition, the group has sought to dispose of noncore activities, albeit with mixed success. These...
Companies mentioned in this report are: Swiss Life AG
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Swiss Life AG