Meetings and congresses

Switzerland Convention & Incentive Bureau

Financial and insurance

Switzerland owes its position as one of the world’s leading financial centres to a unique combination of factors: political and economic stability, a highly qualified labour force, a favourable legal framework, the stable Swiss franc, a broad offering of financial and insurance services and an innovative approach to creating new products.

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Today the financial sector is a central pillar of the Swiss economy, generating more than 10% of GDP. At the heart of a wide variety of financial and trading specialists are the banks, whose core businesses include wealth management, with several Swiss institutions among the global leaders.

The second most important players are the insurance companies, which generate a high proportion of their revenue abroad and have increasingly specialised in re-insurance.

The Swiss financial sector is also a major international force in currency trading, commodity trading and the management of hedge funds.

About one third of the 330-odd banks in Switzerland have their headquarters in Zurich, which is also the world’s third most important centre for insurance companies after London and New York. The other key financial centres are Geneva, Basel and Lugano, based in the country’s different language regions and serving clients across the globe.

All about the Business Destination Switzerland

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