CONCORDIA annual report 2018
The 2018 Financial Year

A positive result for CONCORDIA

The year 2018 was exceptional for CONCORDIA in financial terms. The cost of benefits per capita in Mandatory Health Care Insurance has fallen. This has led to extraordinarily high surplus earnings of CHF 157 million. As a non-profit association, CONCORDIA passes on the entire surplus earnings to its insureds.

With invoice verification and benefits management, CONCORDIA was able to save CHF 328 million last year. At the same time, regarding the insurances pursuant to the Swiss federal law on health insurance (KVG/LAMal), only 4.6 Swiss centimes from each premium franc were expended for administrative costs; the remainder was used in the form of benefits paid to the insureds.

In addition, CONCORDIA was able to welcome 14,000 new insureds alone to the basic insurance scheme.

CONCORDIA Swiss Health and Accident Insurance Ltd and CONCORDIA Insurances Ltd: key figures for the 2018 financial year                                                                                               
Persons with basic insurance in Switzerland and Principality of Liechtenstein as of 1.1.2019 632,000
Employees 1,200
Agencies and branches 200
Administrative costs for Mandatory Health Care Insurance 4.6 %
Result CONCORDIA Swiss Health and Accident Insurance Ltd before provision for payment to the insured persons CHF 157m
Result CONCORDIA Insurances Ltd CHF 60m
Premiums earned across all classes of insurance CHF 2.8bn
Benefits paid out  CHF 2.4bn
Combined ratio KVG/LAMal 96.6 %
Combined ratio VVG/LCA 86.7 %

Additional Information