Learn About Helvetia Insurance and Its Global Reach

Helvetia Insurance is a well-established company with a rich history dating back to 1858. It was founded in Switzerland and has since grown into a global player in the insurance industry.

With operations in 17 countries across Europe, Helvetia Insurance offers a wide range of insurance products to individuals and businesses. Its global reach is a testament to its adaptability and commitment to providing insurance solutions to diverse customers.

Helvetia Insurance has a strong presence in several European countries, including Switzerland, Austria, and Liechtenstein.

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Helvetia Swiss Insurance Company Ltd is the insurance carrier behind Helvetia insurance. It's based in St. Gallen, which is also the location of the company's head office.

Helvetia operates in several countries, including Switzerland, France, the UK, Germany, Italy, Spain, Austria, Singapore, and Miami. This international presence allows the company to serve a diverse range of clients.

Some of Helvetia's competitors in the Swiss car insurance market include Allianz Suisse, Automate, AXA, Baloise, Die Mobiliar, ELVIA by Allianz, Generali, Postfinance, Simpego, Smile, Touring Club Schweiz (TCS), Vaudoise, and Zurich.

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Helvetia insurance company is a well-established firm with a strong presence in the industry. Helvetia Swiss Insurance Company Ltd is the official name of the insurance carrier.

The company's head office is located in St. Gallen, a city in Switzerland.

Swiss car insurance is a competitive market with many options available. Allianz Suisse, Automate, AXA, Baloise, Die Mobiliar, ELVIA by Allianz, Generali, Helvetia, Postfinance, Simpego, Smile, Touring Club Schweiz (TCS), Vaudoise, and Zurich are some of the top providers.

Helvetia Group is a leading Swiss insurance company that offers a range of products and services. It operates in the non-life, life, and reinsurance sectors, and also engages in the fee and commission business.

The Helvetia Group serves both private individuals and small to medium-sized companies, offering tailored coverage in specialty insurance lines. This includes transport, aviation and space, art, and engineering insurance.

Helvetia operates in several countries, including Switzerland, France, the UK, Germany, Italy, Spain, Austria, Singapore, and Miami.

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Helvetia Insurance has a rich history that spans over a century and a half. The company's expansion outside of Switzerland began in 1862 with the establishment of its first branches in Germany.

Helvetia's presence in the US dates back to 1876, when it opened branches in California and New York. This marked a significant milestone in the company's history, paving the way for further international growth.

Between 1920 and 1962, Helvetia established subsidiaries in several countries, including France, Italy, Greece (which was later sold in 1997), the Netherlands (sold in 1995), and Canada (sold in 1999).

In 1858, Helvetia was established by Eastern Swiss business people and entrepreneurs as Allgemeine Versicherungs-Gesellschaft Helvetia in St. Gallen, marking the beginning of the company's rich history.

This pioneering effort made Helvetia the first company in Switzerland to offer insurance against risks of transport by land, river, and sea.

Three years later, the private insurance company Helvetia Feuer was established in St Gallen, in response to the fire of Glarus, which highlighted shortcomings in the building insurance system.

The company's early years were marked by joint management with the private insurance company Helvetia Feuer until 1887.

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Helvetia established its first branches in Germany in 1862, marking the beginning of its expansion beyond Switzerland.

The company expanded into the US in 1876, opening branches in California and New York.

Between 1920 and 1962, Helvetia subsidiaries were set up in France, Italy, Greece, the Netherlands, and Canada.

However, some of these subsidiaries were later sold, with the Netherlands being sold in 1995 and Greece in 1997.

Canada was another market where Helvetia had a presence, but its subsidiary was sold in 1999.

Austria was an important market for Helvetia, with the company's history dating back to 1858 when Der Anker, Gesellschaft von Lebens- und Rentenversicherung was established.

This subsidiary operated under the name Der Anker until 2006.

In the late 1980s, Helvetia expanded into Spain, Italy, and Germany, marking a significant period of growth for the company.

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Helvetia Insurance has seen a steady increase in business volume over the years, with a peak of 11,097 million CHF in 2022. This growth suggests a strong market presence for the company.

The company's financial results have also shown a positive trend, with a period result of 614 million CHF in 2022.

Here's a breakdown of Helvetia Insurance's financial performance over the past few years:

The company's business volume has been steadily increasing since 2010, with a few fluctuations along the way.

Helvetia offers a range of products that cater to different needs. Their RepairPLUS service package is a notable example, providing comprehensive coverage.

The RepairPLUS service package includes passenger accident insurance, which offers lump sum death and disability benefits.

Covers lump sum death and disability benefits and, as a supplement, daily benefits for a hospital stay or loss of ability to work, and treatment costs are also part of the package.

These benefits can provide financial support during difficult times, giving individuals and their loved ones peace of mind.

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Market Consolidation in the 1990s was a key strategy for Helvetia Patria. They aimed to strengthen their market positions in core countries like Switzerland, Germany, and Austria, as well as in southern European markets like Italy and Spain.

In 1993, Der Anker, Gesellschaft von Lebens- und Rentenversicherung became a wholly owned subsidiary in Austria. This marked a significant move into the Austrian market.

Helvetia Patria expanded its presence in Italy by taking over Nordstern Danni in 1998. A few years later, they acquired Norwich Union Vita in 2001.

The company continued to grow in Spain, acquiring La Vasco Navarra LVN, a medium-sized all-sector company, at the end of 1998. This was followed by the takeover of Previsión Española in 2000.

By 2000, Helvetia Patria had withdrawn from the Netherlands, Greece, and Canada. This strategic decision allowed them to focus on their core markets.

In 2002, Helvetia Patria purchased the transport insurance area of Royal & Sun Alliance, expanding their position in the transport insurance sector.

The financial results of Helvetia Holding are a key indicator of the company's performance over the years.

The business volume of Helvetia Holding has shown an overall trend of growth, with a peak of 11,097 million CHF in 2022.

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The period result (IFRS after taxes) has also seen fluctuations, with a high of 614 million CHF in 2022 and a low of 282 million CHF in 2020.

The result per share has been affected by a share split in 2019, but even without this, the result per share has shown a general increase over the years.

A share split occurred in 2019, resulting in a higher result per share of 10.5 CHF.

However, in 2020, the result per share dipped to 4.8 CHF due to the low period result.

Here's a summary of the key financial metrics over the years:

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Helvetia Insurance has a significant presence in the global market, with subsidiaries operating in various countries. Helvetia Holding includes subsidiaries such as Caser, a Spanish insurer, and HelvetiaSchweizerische Versicherungsgesellschaft AG, St. Gallen, which operates as Helvetia Insurance.

The company has expanded its reach through strategic acquisitions, including the purchase of Alba and Phenix in 2010, and Nationale Suisse and Bâloise's Austrian subsidiary in 2014. This acquisition made Helvetia one of the biggest insurance takeovers in recent years in Switzerland.

Helvetia's internationalization efforts have also led to the establishment of a venture fund, which invests in startups that support the transformation of its core business or develop new business models.

Patria has a rich history dating back to 1878 with the establishment of Basler Sterbe- und Alters-Kasse, a charitable pension fund that aimed to be a national insurer.

The fund was the first to insure the life of socially disadvantaged people, paving the way for future development.

In 1910, Schweizerische Lebensversicherungsgesellschaft Patria was established after numerous name changes and mergers.

Patria's history is marked by strategic alliances, with Helvetia and Patria deciding to develop the Swiss market jointly in 1992.

Joint management began in 1994, and by June 1996, the companies had merged to form Helvetia Patria.

Helvetia Group has a significant global presence with around 12,500 employees worldwide, a third of which are based in Switzerland.

The company operates in several countries, including Switzerland, Germany, Austria, Italy, France, and Spain, as well as in Latin America and Asia.

Helvetia's parent company is Helvetia Holding AG, which is listed on the SIX Swiss Exchange.

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The biggest shareholder of Helvetia Group is Patria mutual, holding a stake of 34.1 per cent.

Helvetia generated a business volume of around CHF 11.1 billion in 2022.

The company is managed by a Group Executive Board of nine people, with Fabian Rupprecht as its chairman since 1 October 2023.

The Board of Directors has ten members, with Thomas Schmuckli elected as chairman at the General Assembly in April 2022.

Helvetia's corporate structure is characterized by the following key facts:

Helvetia Group has been under the Helvetia brand in all countries since 2006. This change marked a significant step in their internationalization efforts.

In 2010, Helvetia acquired two Swiss insurers, Alba and Phenix, expanding their portfolio in sickness/accident insurance. The Alba/Phenix range was later sold to Innova and Solida.

Helvetia's biggest insurance takeover in recent years in Switzerland was the acquisition of Nationale Suisse in 2014. This deal included smile.direct, Switzerland's leading online insurer.

The company also took over 70% of the shares in the online mortgage broker MoneyPark in 2016 for around 107 million francs. This move marked Helvetia's entry into the Swiss mortgage business.

In 2017, Helvetia announced the creation of a venture fund to invest in startups that support the transformation of their core business or develop new business models. The fund is endowed with around 55 million francs and plans to invest in around 25 new companies.

Helvetia's venture fund has already invested in companies such as Volocopter and Inzmo, demonstrating their commitment to innovation and diversification.

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Helvetia Group made a significant move into the health & care sector in 2020 with the takeover of Caser, which operated six hospitals and around 24 dental clinics.

This acquisition marked a new direction for the company, expanding its services beyond insurance. Helvetia Group also founded Helvetia Asset Management AG in 2020, which allows the company to sell services and investments in the real estate sector.

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The company's first real estate fund was set up in April 2020 and had a market value of around CHF 1.09 billion as of 1 April 2023. This fund now holds 47 properties.

Helvetia Group entered into a partnership with Migros Bank in 2022 for the sale of car insurance.

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Helvetia Group supports selected projects and teams in the areas of sport and culture in all sales countries as well as initiatives in the area of sustainable business through sponsoring and commitment.

As a main sponsor since 2014, Helvetia supports the Alpine Protection Forest Award, which promotes the creation of protection forests.

The group is a member of the ceo4climate initiative, an energy and climate policy campaign by Swiss business associations.

In April 2021, Helvetia joined the Task Force on Climate-related Financial Disclosures (TCFD), promoting international transparency on climate-related risks and opportunities.

Helvetia invests in climate-friendly bonds and projects such as Cargo sous terrain.

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Helvetia Insurance has introduced a new 10-year strategy focused on retail and specialty lines. The retail business aims to deepen customer relationships, particularly with those over 50, while leveraging technology and data for tailored solutions.

This approach is expected to bring significant benefits, including cost savings of over CHF 200 million annually by 2027. Helvetia is also making targeted use of its expertise in asset management to offer comprehensive pension and investment solutions to customers over 50.

Helvetia's specialty lines business will expand selectively in Europe, targeting SMEs with customized offerings. This will allow Helvetia to offer services that larger competitors cannot offer as efficiently.

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Helvetia has introduced a new 10-year strategy, focused on retail and specialty lines, rolled out in three-year cycles.

The retail business is targeting customers over 50, leveraging technology and data for tailored solutions, and making use of its expertise in asset management to offer comprehensive pension and investment solutions.

Increased focus is being placed on the rapidly growing segment of customers over 50, who often require tailored financial solutions due to their increased disposable income.

Operational efficiency improvements are expected to save over CHF 200 million annually by 2027, aided by integrating Caser and Helvetia Seguros in Spain.

Helvetia is expanding its specialty lines business selectively in Europe, targeting SMEs with customized offerings, and can offer SMEs services that larger competitors cannot offer as efficiently.

The company aims to achieve an underlying ROE of 13-16% and EPS growth of 9-11% between 2025-2027, with cumulative dividends exceeding CHF 1.2 billion.

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Helvetia has a new 10-year strategy focused on retail and specialty lines, with a goal of attracting young customers while also deepening relationships with those over 50.

The retail business aims to leverage technology and data for tailored solutions, particularly for customers over 50 who often require tailored financial solutions due to their increased disposable income.

Helvetia is using its expertise in asset management to offer comprehensive pension and investment solutions, making targeted use of its expertise to support customers over the long term.

Operational efficiency improvements are expected to save over CHF 200 million annually by 2027, aided by integrating Caser and Helvetia Seguros in Spain.

Helvetia will also revise its reporting to reflect Spain's growing importance in its operations, with a focus on serving customer needs and utilizing cross-selling potential.

Some customers have had a negative experience with Helvetia, as one reviewer noted that the company's policy is not to refund prepaid premiums after cancelling insurance.

Helvetia Insurance operates in a competitive market, with several key players in the industry. One of its main competitors is Zurich Insurance Group.

Helvetia Insurance has a strong presence in the ICT sector, with a focus on digital solutions for its customers. This includes a range of online services, such as policy management and claims reporting.

Let's take a closer look at the competitors in the insurance industry. The Helvetia Group has its headquarters in Switzerland, specifically in St. Gallen.

The size of these companies can be quite different, with Allianz SE having a massive 157,883 employees, compared to Chubb Ltd's 40,000.

One of the key factors to consider is the entity type, and in this case, all five companies are public.

Here's a comparison of the competitors in a table format:

Helvetia Group's digital strategy can be understood by analyzing their likely spend across technology areas, thanks to IT Client Prospector's intelligence.

The likely spend across technology areas provided by IT Client Prospector helps to identify areas of focus for Helvetia Group's digital strategy.

This information can be used to understand how Helvetia Group allocates its resources in the digital space.

Improving competitive bidding requires having insights into publicly disclosed IT services contracts. Helvetia Group has contracts for IT outsourcing, business process outsourcing, systems integration & consulting, and more.

Accessing all publicly disclosed IT services contracts can give you a competitive edge. This includes contracts for IT outsourcing, which can help you understand the scope of services provided.

Helvetia Group's publicly disclosed contracts can provide valuable information for competitive bidding. By analyzing these contracts, you can gain insights into the company's IT services needs.

Publicly disclosed contracts for business process outsourcing can also be useful. This type of contract can give you an idea of the company's processes and how they're being outsourced.

Having access to all publicly disclosed contracts can be a game-changer for competitive bidding. It allows you to make informed decisions and tailor your bids to meet the company's specific needs.

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