- 2 percent on mandatory BVG assets (1 percentage point above the minimum interest rate),
- 2.5 percent on super-mandatory assets.
Coverage ratio holding well in a low-interest environment
Despite negative interest rates and the generally unsatisfactory development of stock markets, the coverage ratio of the SST Vita has held comparatively well. On 31 October 2016 it amounted to 104.6 percent*) (106.5 percent in the previous year).
This is made possible by the high structural risk capacity and the broadly diversified investment strategies of the Vita Joint Foundation. So far this year the foundation and its insured have primarily benefited from the pleasing performance of bonds and real estate. Investment reporting for September.
Around 20,000 companies with a total of 117,000 employees have entrusted their occupational retirement provision to the Vita Joint Foundation.
*) According to the current regulations on provisions and reserves, a new interest reserve is not formed until after a coverage ratio of 106 percent is reached.
This press release is available online at www.vita.ch
Zurich Insurance Group is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as well as other markets. It offers a wide range of general insurance and life insurance products and services for individuals, small businesses, mid-sized and large companies as well as multinational orporations. Zurich employs about 55,000 people serving customers in more than 170 countries. The Group, formerly known as Zurich Financial Services Group, is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt program (ZURVY) which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.