Digital Transformation of Helvetia Insurance: It Infrastructure Is Ready for the Future

Total Page:16

File Type:pdf, Size:1020Kb

Digital Transformation of Helvetia Insurance: It Infrastructure Is Ready for the Future CUSTOMER CASE STUDY DIGITAL TRANSFORMATION OF HELVETIA INSURANCE: IT INFRASTRUCTURE IS READY FOR THE FUTURE Digital transformation has arrived in Switzerland: large companies such as Helvetia Insurance are faced with the task of keeping pace with and promoting digital transformation. However, especially when it comes down to data security and availability, caution is advised in IT, because it must always be guaranteed. CUSTOMER HELVETIA INSURANCE SWITZERLAND Apart from harmonising the existing IT environment and working closely with the business units responsible for insurance business, the IT infrastructure WEBSITE business unit at Helvetia Insurance most importantly had to provide for an WWW.HELVETIA.COM ongoing improvement of IT security and for a constant availability of services. With VMware NSX for network virtualisation in combination with security tools INDUSTRY of other providers, Helvetia has found a solution that supports these priorities INSURANCE and enables IT to be able to provide necessary resources for the operating business at any time. LOCATION SWITZERLAND Company profi le The Swiss insurance company Helvetia has its headquarters in St. Gallen and – CHALLENGES looking back at 150 years of experience – is one of the most renowned • Additional improvement of existing insurance companies in Switzerland. The insurance company’s range of IT security products is therefore extensive, including private provisions or occupational • Reducing administrative tasks while pensions, indemnity insurance and mortgages. From a single source, Helvetia maintaining productivity of ers everything for private individuals and SME. Meanwhile, more than 4.7 • R e d u c i n g c o s t s million customers make use of the services of ered and around 7,000 staf are responsible for providing support for those insured. With a revenue of over CHF 8 billion, Helvetia is the third largest insurance company in the Swiss home SOLUTION market. In addition to the headquarters in Switzerland, there are subsidiaries in By implementing VMware NSX other European countries such as Germany, Austria, Italy, Spain and France. in combination with vSEC from CheckPoint, Helvetia’s automation The challenge of IT in general as well as IT security By merging numerous data centres distributed across Europe and the resulting processes in the network in particular centralisation of the IT infrastructure business unit in Switzerland Helvetia faced were improved and business the challenge of integrating the legacy systems as quickly as possibly into the continuity was promoted using existing local infrastructure. Without increasing the number of staf , it was not simplifi ed management processes. an easy goal to achieve considering the call for increased productivity and reduced administrative tasks. RESULT Michael Welte explains how every strategic decision in IT af ects business as a • Fast and secure provisioning whole: “The automated provision of infrastructure ensures that the demands of of standardised systems and additional internal business units can be addressed more quickly and changes infrastructures can be brought about in a timely manner.” • Higher degree of automation Helvetia made the decision to press ahead with digitisation in company’s IT. The • Increased ef ciency and business goals of introducing new technology were to reduce costs and workloads as continuity well as to use resources in a more targeted manner and increase IT security. It was crucial, however, that new technology could be combined with the previous automation solutions. HELVETIA VERSICHERUNGEN SCHWEIZ | 1 DIGITAL TRANSFORMATION OF HELVETIA INSURANCE: IT INFRASTRUCTURE IS READY FOR THE FUTURE “Our IT is complex and The solution comprises many different Michael Welte explains how Helvetia – with the help of VMware – carried out the components. To be digital transformation of company’s IT and achieved a cost-ef ective use of resources in three phases: “In order to implement the phase model, in 2012 we successful, it is vital that all initially addressed our infrastructure, which was virtualised with VMware ESX. In these components work 2014, we reached a further milestone when we set up a centralised together seamlessly. With management, provided servers with the VMware vCloud Suite and implemented the implemented solutions an infrastructure-as-a-service solution.” Two years later, digitisation at Helvetia’s IT had fi nally reached the next level. Along with increasing automation and of VMware to date, we quick provisioning of servers, security needed to be adapted, and servers in could already gain a range existing security and fi rewall regulations needed to be integrated. “Our IT is of benefits; virtualising our complex and comprises many dif erent components. To be successful, it is vital that all these components work together seamlessly. With the implemented network was the next logical solutions of VMware to date, we could already gain a range of benefi ts; step.” virtualising our network was the next logical step”, says Michael Welte. Before a MICHAEL WELTE decision was made, the staf involved had already taken the solutions of HEAD OF SERVICE AND CLOUD MANAGEMENT dif erent manufacturers into consideration. Michael Welte describes the fi nal HELVETIA decision: “VMware NSX fi ts into our portfolio perfectly and complements existing IT infrastructure in the best possible way, enabling us to be ready to deliver the relevant services at any time.” VMWARE SOLUTIONS USED By implementing VMware NSX, the automation of IT in general as well as IT • V M w a r e N S X security processes in particular were improved as business continuity was • V M w a r e v C l o u d S u i t e promoted using simpler management processes. Helvetia uses NSX in combination with vSEC from CheckPoint. Thus, the company was able to keep • V M w a r e E S X control of increasing complexity. On the other hand, security regulations for all virtual machines can be managed with a central management tool without TECHNOLOGY PARTNER resulting in complex processes for administrators or an increasing • CheckPoint Software Technologies administrative workload. Helvetia also benefi ted from the fact that VMware NSX Ltd. security tags can be used to support the provision of automated servers, which does not require any changes to fi rewall settings. "We need a scalable and • Arista Networks, Inc. available unterlay network, that NSX is able to fulfi ll the required demands. Therefore we decided to use Arista Networks”, Michael Welte adds. INTEGRATION PARTNER • P o i n t S o l u t i o n s A G The result The central IT department in Basel is currently supporting six European subsidiaries with IT services, and these are much more satisfi ed with the services provided today: because of an increased degree of automation, users can provide standardised systems quickly and securely, and respond to the rising demands on infrastructure in a timely manner. VMware NSX not only provided for a further improvement of data security, but also increased ef ciency and business continuity at lower costs. “By implementing VMware NSX, Looking to the future we are connected to our own During the implementation, one of the greatest challenges for Helvetia was to Helvetia Private Cloud, and dispense with obsolete structures. The company therefore formed the virtual have the option of outsourcing team, comprising experts in the fi elds of storage, security, VMware and workloads into external clouds network, whereby the proof of concept could be implemented as planned. For Helvetia, the task entailed integrating these changes into day-to-day business in a safe manner and thus run operations. As a result of the process, existing teams were to become more a Cross-Cloud strategy.” agile while maintaining their current level of competence. MICHAEL WELTE “By implementing VMware NSX, we are connected to our own Helvetia Private HEAD OF SERVICE AND CLOUD MANAGEMENT Cloud, and have the option of outsourcing workloads into external clouds in a HELVETIA safe manner and thus run a Cross-Cloud strategy”, concludes Michael Welte. VMware, Inc. 3401 Hillview Avenue Palo Alto CA 94304 USA Tel 877-486-9273 Fax 650-427-5001 www.vmware.com Copyright © 2017 VMware, Inc. All rights reserved. This product is protected by U.S. and international copyright and intellectual property laws. VMware products are covered by one or more patents listed at http://www.vmware.com/go/patents. VMware is a registered trademark or trademark of VMware, Inc. in the United States and/or other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies. Item No: 17Q1 Helvetia UK .
Recommended publications
  • Customer Protection Climate and Insurance Education
    Climate and insurance Trying to anticipate climate effects and to predict the course of water Education Apprentices abroad; gateways to working in insurance Customer protection Specialist knowledge at customer level; the ombuds office up close The annual magazine of the Swiss Insurance Association Annual General Meeting 2019 Table of contents SOCIAL SECURITY CLIMATE APPRENTICES AND EMPLOYEES CUSTOMER PROTECTION TECHNOLOGY 08 14 22 26 32 ANNUAL MAGAZINE 2018 MAGAZINE ANNUAL NEW HORIZONS POTENTIAL SCENARIOS RADICAL CHANGES CHOICE COMES WITH OBLIGATIONS SPECIFIC COMPETENCIES A Swiss community invents a new policy agenda on Ignoring climate change is not an option A year abroad for VersicherungsKV apprentices Efficient markets offer broad choices Trust is indispensable in artificial intelligence ageing. INVESTMENT BERNARD DIETRICH PETER MAAS CUSTOMER BENEFITS DONALD DESAX Sustainable investment – more than a mere idea Diversity is key – not least in employment Customers need to realise that regulation comes with Chatbots extend human know-how The Second Pillar is suffering from a systemic crisis. a price tag RONNY ZÜRCHER JÉRÔME COSANDEY Efficient insurance coverage may block MARTIN LORENZON Avenir Suisse in favour of mandatory care capital. prevention efforts Trust by both sides is essential in ombudswork DISCUSSION MEETING 77 HEAD OFFICE Rolf Dörig and Thomas Helbling discuss Swiss Insurance Association member firms Organisation of the SIA head office 06 the challenges in private insurance 36 39 PUBLISHING DETAILS Concept and editorial work: Takashi Sugimoto, Jan Mühlethaler, Sabine Alder, SIA. Content: SIA specialists and experts. Graphic design: Klar für Marken GmbH, Zurich. Photos by: Matthias Auer, KEY FIGURES Zurich, André Springer, Horgen, Keystone, iStock, unsplash.
    [Show full text]
  • Report of the Director
    International Foundation HFSJG Activity Report 2007 Report of the Director After the jubilee period 2005 - 2006, the period covered by this report can be marked as “back to normal”. As documented by the individual reports that have been prepared by the respective research groups, the year 2007 was again extremely rich in scientific activity at both sites Jungfraujoch and Gornergrat. Therefore, the main goal of the International Foundation High Altitude Research Stations Jungfraujoch and Gornergrat (HFSJG), i.e. providing infrastructure and support for scientific research of international significance that must be carried out at an altitude of 3000-3500 meters above sea level or for which a high alpine climate and environment are necessary, was successfully pursued. The Foundation HFSJG On September 7, 2007, the Board of the Foundation HFSJG met at the Hotel Zermatterhof in Zermatt for its regular meeting. The president, Prof. Hans Balsiger, had the honor to welcome the members of the board, representatives of the Jungfraujoch Commission of the Swiss Academy of Sciences (scnat), of the Astronomic Commission HFSJG, of the Swiss National Science Foundation, and a small number of distinguished guests. Unfortunately, Mr. Balsiger had to excuse the absence of an Italian delegate. The Istituto Nazionale di Astrofisica INAF and the foundation HFSJG are currently in negotiations about INAF’s membership and financial contribution since there are no longer any scientific activities at Gornergrat involving Italian institutions. In the statutory part of the meeting the annual activity report 2006 as well as the statement of accounts for 2006 were approved unanimously and with no abstentions.
    [Show full text]
  • Bericht Über Die Solvabilität Und Finanzlage 2016
    Helvetia Versicherungs- Aktiengesellschaft Bericht über die Solvabilität und Finanzlage 2016 Ihre Schweizer Versicherung. Inhaltsverzeichnis Zusammenfassung 4 B.5. Funktion der internen Revision 22 B.6. Versicherungsmathematische Funktion 22 Geschäftstätigkeit und A. Geschäftsergebnis 5 B . 7. Outsourcing 22 A.1. Geschäftstätigkeit 5 B.8. Sonstige Angaben 23 A.1.1. Allgemeines 5 A.1.2. Konzernstruktur 5 C. Risikoprofil 24 A.1.3. Wesentliche Beteiligungen 7 C.1. Versicherungstechnisches Risiko 24 A.1.4. Aufsicht 7 C.2. Marktrisiko 25 A.1.5. Abschlussprüfer 7 C.2.1. Zinsrisiko 26 A.1.6. Wesentliche Geschäftsbereiche 8 C.2.2. Spreadrisiko 27 Wesentliche Ereignisse im C.2.3. Immobilienrisiko 27 A .1. 7. Geschäftsjahr 8 C.2.4. Risikosteuerung 28 A.2. Versicherungstechnische Leistung 8 C.3. Kreditrisiko 28 A.3. Anlageergebnis 10 C.4. Liquiditätsrisiko 31 A.4. Entwicklung sonstiger Tätigkeiten 11 C.5. Operationelles Risiko 32 A.5. Sonstige Angaben 11 C.6. Andere wesentliche Risiken 35 C . 7. Sonstige Angaben 36 B. Governance-System 12 Allgemeine Angaben zum Bewertung für B.1. Governance-System 12 D. Solvabilitätszwecke 37 B.1.1. Aufsichtsrat 12 D.1. Vermögenswerte 38 B.1.2. Vorstand 12 D.1.1. Finanzanlagen 38 B.1.3. Ausschüsse 13 D.1.2. Anlagefonds 39 B.1.4. Schlüsselfunktionen 14 Anteil Rückversicherer an B.1.4.1. Risikomanagementfunktion 14 den Rückstellungen für D.1.3. Versicherungsverträge 39 B.1.4.2. Versicherungsmathematische Funktion 15 D.1.4. Sonstige 39 B.1.4.3. Compliance-Funktion 15 D.2. Versicherungstechnische Rückstellungen 39 B.1.4.4. Interne Revision 15 D.3.
    [Show full text]
  • Q1 2014 and Outlook 2014 3
    Mergers & Acquisitions Quarterly Switzerland First quarter 2014 April 2014 edition DRAFT Contents 1. Introduction 2 2. Swiss M&A market Q1 2014 and outlook 2014 3 3. Private equity statistics: Germany, Switzerland and Austria 6 4. Industry overview ► Chemicals, Construction and Materials 7 ► Energy and Utilities 9 ► Financial Services 11 ► Healthcare 13 ► Industrial Goods and Services 15 ► Media, Technology and Telecommunications 17 ► Retail and Consumer Products 19 5. Deal of the quarter 21 6. Event calender 22 7. EY selection of M&A opportunities 23 8. Your EY M&A team in Switzerland 24 9. Subscription/Registration form 25 All rights reserved — EY 2014 Mergers & Acquisitions Quarterly Switzerland – Q1 2014 1 DRAFT Introduction Dear Reader We are pleased to present the latest edition of our M&A Quarterly Switzerland. This brochure provides a general overview of the Swiss M&A and European private equity market activity in the first quarter of 2014, as well as an outlook for the remainder of 2014. Following a year of subdued performance, the Swiss M&A market got off to a remarkable start in the first three months of 2014, with a significant increase in deal volume despite a decrease in the number of deals. Looking forward, large transactions are expected more often in the Swiss M&A market as executives’ risk appetite for strategic and transformational deals has increased. The favorable financing conditions prevailing at present will help drive this trend, although continuing economic and geopolitical risks in some areas could disrupt the bright outlook. Our next edition of Mergers & Acquisitions Quarterly Switzerland will be available in July 2014.
    [Show full text]
  • University of St. Gallen 2018 Report on Responsibility and Sustainability
    University of St. Gallen 2018 Report on Responsibility and Sustainability UN Principles for Responsible Management Education Report on Progress Table of Content Introduction 4–8 Research – Institutes and Centers 9–20 Teaching 21–30 Executive Education 31–34 Student Engagement 35–42 Campus 43–48 Events and Dialogue 49–54 SDG’s 55–57 Policy Statement on Global Responsibility and Sustainability Based on its Vision 2025, the University of St. Gallen has defined the following Policy Statement on Responsibility and Sustainability: 1) As a leading business university, we want to contribute 4) Through our research, we contribute to solving current to solving the challenges of globally responsible action and future problems of globally responsible action and and sustainable development in business and society. sustainable development in business and society. 2) We therefore include pertinent demands in all our ac tivities, 5) We reach out to organizations in business and society to in particular education, student engagement, research, jointly explore and engage in effective approaches to post-experience education, public outreach, infrastructure, meeting the challenges of globally responsible action and and operations. sustainable development. 3) Through our education, we educate entrepreneurial personalities whose actions are informed by social re- sponsibility and sustainability. PICTURES © Universität St. Gallen (HSG) © STÜRMER FOTO St. Gallen Principles for Responsible Management Education (PRME) Principle 1 | Purpose P1 We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy. Principle 2 | Values P2 We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.
    [Show full text]
  • Künstliche Intelligenz Oder
    news September/Oktober 2017 – Ausgabe Schweiz Das Vontobel-Magazin für strukturierte für Produkte Vontobel-Magazin Das deri Künstliche Intelligenz oder: die Evolution des Denkens Titelthema Seite 7 2 derinews – Inhalt 4 Märkte 14 Aktuelle Entwicklungen auf Experteninterview dem Weltmarkt «KI verändert keine Wertschöpfungs- 7 Titelthema ketten, sondern opti- Künstliche Intelligenz oder: miert Prozesse» die Evolution des Denkens 7 12 Titelthema Experteninterview «Jeder Gewinner profitiert auf Künstliche Intelligenz seine Weise» oder: die Evolution des Denkens 13 Wussten Sie, dass … 14 Experteninterview Squirro ist ein Zürcher Jungunternehmen, «Wir stellen relevante Erkenntnisse das wertlose Daten in wirkungsvoll nutzbare Erkenntnisse verwandelt. Ein Gespräch den richtigen Mitarbeitern punkt­ mit Dorian Selz, dem CEO und Mitgründer. genau zur Verfügung» 16 Themenrückblick Automobilzulieferer profitieren von KI wird bald in nahezu all unseren Elektro­ und Hybridfahrzeugen Lebensbereichen Anwendung finden; die Dynamik ist stark. 18 Mit künstlicher Intelligenz zu neuen Anlageidee 17 Dimensionen. Eine KI hat beim Schweizer Aktien Bildmotiv dieser Ausgabe eine dritte Trends einfangen, Logitechs Geschäftsmodell ist solide Dimension erschaffen. Sie hat und die Strategieumsetzung ausge­ dabei selbstständig entschieden, wenn sie beginnen zeichnet wie die Projektionsfläche des ursprünglich zweidimen sionalen Bildes «geformt» werden sollte. 18 Anlageidee Trends einfangen, wenn sie beginnen 20 Know-how «Bitcoin Cash» – was Anleger wissen müssen 22 Aktuelles Vontobel tritt United Nations Global Compact bei 23 Hinweise Editorial – derinews 3 Künstliche Intelligenz – nur ein Erfolgs- rezept aus Science-Fiction-Filmen? Ein Trugschluss. Für uns unsichtbar, hält sie längst Einzug in viele Lebens bereiche. ur bemerken wir es meist nicht. In so gut wie allen Branchen werden selbstlernende Algorithmen dabei immer relevanter. Wie denkende Maschinen mensch­ liches Leben weiter prägen? Darüber gibt es geteilte NMeinungen.
    [Show full text]
  • Annual Report 2008 Annual Report 2008 Annual Report
    Helvetia Group Annual Report 2008 Annual Report 2008 WorldReginfo - 635b87c9-63ba-4ccb-ade4-0e03b6e2ccb4 Contents Part 1 Important dates About Helvetia Group 2 17 April 2009 At a glance 5 Ordinary Shareholders‘ Meeting in St. Gallen The financial year 2008 6 3 September 2009 Group strategy 10 Publication of half-year financial results for 2009 Group structure 13 16 March 2010 Interview with Erich Walser Financial results for 2009: and Stefan Loacker 14 analysts‘ and media conference Board of Directors 18 16 April 2010 Executive Management 24 Ordinary Shareholders‘ Meeting in St. Gallen Corporate governance 30 2 September 2010 Spotlight 46 Publication of half-year financial results for 2010 Human resources management 50 Group results 54 Embedded value 59 Investment business 62 Market performance 66 Investor information 82 Environment and society 86 Part 2 Financial statements 89 Glossary 204 Additional information Important addresses 208 Historical overview 210 Multi-year overview 211 Contact details Helvetia Group Investor Relations P.O. Box CH-9001 St. Gallen Phone +41 58 280 56 04 Fax +41 58 280 55 89 www.helvetia.com [email protected] WorldReginfo - 635b87c9-63ba-4ccb-ade4-0e03b6e2ccb4 About Helvetia Group In the past 150 years, Helvetia Group has grown into a successful insurance group that operates across Europe in the life, non-life and reinsurance segments. The Group is headquartered in St. Gallen in Switzerland. In its everyday business operations, the Group‘s focus is on developing modern and efficient insurance solutions and on building a relationship of trust with its customers. With approximately 4,600 employees, Helvetia provides services to more than two million customers in six European countries.
    [Show full text]
  • Rapport De Gestion Helvetia 2009
    Profile In the past 150 years, Helvetia Group with its registered office in Switzerland has grown from a number of Swiss and foreign insurance companies into a successful international insurance Helvetia Group Helvetia Helvetia Group group. Its core geographic markets include its home market Switzerland as well as Germany, Austria, Spain, Italy and France. Helvetia is active in the life, non-life and reinsurance segments, and approximately 4,500 employees provide ser- vices to more than two million customers. Business volume Annual in the 2009 financial year equalled CHF 6.7 billion. The re- Report gistered shares of Helvetia Holding AG are traded on the SIX Swiss Exchange. 2009 2009 Contact Helvetia Group Nicola Breitschopf Head of Investor Relations P.O. Box, CH-9001 St.Gallen Phone +41 58 280 56 04 Fax +41 58 280 55 89 Report Annual www.helvetia.com [email protected] Contents 2009 2008 Change Key share data Helvetia Holding AG Group profit for the period per share in CHF 36.8 26.9 37.0% Consolidated equity per share in CHF 363.9 323.2 12.6% Price of Helvetia registered shares at the reporting date in CHF 320.8 228.9 40.1% 4 Letter to Shareholders Farsightedness Market capitalisation at the reporting date in CHF million 2 775.4 1 980.6 40.1% Number of shares issued 8 652 875 8 652 875 Company profile Forward-looking action and farsightedness are required if Helvetia Group is to continue to chart a sustainably success- 8 Board of Directors ful course in the interests of its customers, shareholders and in CHF million in Group currency 12 Executive Management employees in the future.
    [Show full text]
  • Financial Report 2020
    Helvetia Group helvetia.com Financial report 2020. Preprint Key figures. 2020 2019 Change in CHF million in Group currency Business volume Gross premiums life 3 996.7 4 539.2 – 12.0 % Deposits received life 286.6 239.4 19.7 % Gross premiums non-life 5 430.3 4 675.5 16.1 % Business volume 9 713.6 9 454.1 2.7 % Key performance figures Result life 167.1 224.4 – 25.5 % Result non-life 258.5 398.5 – 35.1 % Result other activities – 143.9 – 84.8 – 69.9 % Group profit for the period after tax 281.7 538.1 – 47.7 % Investment result 1 027.2 1 876.5 – 45.3 % of which investment result from Group financial assets and investment property 840.6 1 402.7 – 40.1 % Key balance sheet figures Consolidated equity (without preferred securities) 6 400.3 5 834.1 9.7 % Provisions for insurance and investment contracts (net) 51 571.7 46 194.2 11.6 % Investments 60 570.9 54 524.7 11.1 % of which Group financial assets and investment property 55 674.7 50 227.8 10.8 % Ratios Return on equity1 4.2 % 9.3 % Reserve to premium ratio non-life 149.3 % 145.3 % Combined ratio (gross) 94.1 % 90.4 % Combined ratio (net) 94.0 % 92.3 % New business margin 2.6 % 2.9 % Direct yield 1.7 % 1.9 % Investment performance 2.7 % 5.9 % Key share data Helvetia Holding AG Group profit for the period per share in CHF 4.8 10.5 – 54.7 % Consolidated equity per share in CHF 121.3 118.0 2.8 % Price of Helvetia registered shares at the reporting date in CHF 93.4 136.8 – 31.7 % Market capitalisation at the reporting date in CHF million 4 952.6 6 802.5 – 27.2 % Number of shares issued 53 025 685 49 725 685 EmployeesPreprint Helvetia Group 11 687 6 829 71.1 % of which Switzerland and Corporate 3 739 3 668 1.9 % 1 Based on the earnings per share (including interest on preferred securities through profit and loss) divided by the average shareholder capital (equity before preferred securities).
    [Show full text]
  • Helvetia.Com Agile
    Company brochure helvetia.com Agile. Innovative. Customer-centric. WorldReginfo - 3feb4a87-8f7a-42bb-a6f0-5c342a4c4c82 Key figures. 2019 2018 Change in CHF million in Group currency Business volume Gross premiums life 4 539.2 4 480.1 1.3 % Deposits received life 239.4 19 7.1 21.5 % Gross premiums non-life 4 675.5 4 396.1 6.4 % Business volume 9 454.1 9 073.3 4.2 % Key performance figures Earnings life business 224.4 14 7.9 51.7 % Earnings non-life business 398.5 332.0 20.0 % Earnings other activities – 84.8 – 48.9 – 73.1 % Earnings of the Group after tax 538.1 431.0 24.9 % Investment result 1 876.5 580.1 223.5 % of which investment result from Group financial assets and investment property 1 402.7 794.4 76.6 % Key balance sheet figures Consolidated equity (without preferred securities) 5 834.1 5 0 9 7.1 14.5 % Provisions for insurance and investment contracts (net) 46 194.2 44 418.5 4.0 % Investments 54 524.7 51 9 9 7. 5 4.9 % of which Group financial assets and investment property 50 227.8 48 583.5 3.4 % Ratios Return on equity1 9.3 % 8.1 % Reserve to premium ratio non-life 145.3 % 145.0 % Combined ratio (gross) 90.4 % 88.7 % Combined ratio (net) 92.3 % 91.0 % New business margin 2.9 % 1.7 % Direct yield 1.9 % 2.0 % Investment performance 5.9 % 0.3 % Key share data Helvetia Holding AG Group profit for the period per share in CHF 10.5 8.4 25.6 % Consolidated equity per share in CHF 118 .0 103.1 14.4 % Price of Helvetia registered shares at the reporting date in CHF 136.8 114 .9 19.1 % Market capitalisation at the reporting date in CHF million 6 802.5 5 713.5 19.1 % Number of shares issued 49 725 685 49 725 685 Employees Helvetia Group 6 829 6 624 3.1 % of which segments Switzerland and Corporate 3 668 3 542 3.6 % 1 Based on the earnings per share (including interest on preferred securities through profit and loss) divided by the average shareholder capital (equity before preferred securities).
    [Show full text]
  • Mergers & Acquisitions Quarterly Switzerland
    Mergers & Acquisitions Quarterly Switzerland First quarter 2014 April 2014 edition DRAFT Contents 1. Introduction 2 2. Swiss M&A market Q1 2014 and outlook 2014 3 3. Private equity statistics: Germany, Switzerland and Austria 6 4. Industry overview ► Chemicals, Construction and Materials 7 ► Energy and Utilities 9 ► Financial Services 11 ► Healthcare 13 ► Industrial Goods and Services 15 ► Media, Technology and Telecommunications 17 ► Retail and Consumer Products 19 5. Deal of the quarter 21 6. Event calender 22 7. EY selection of M&A opportunities 23 8. Your EY M&A team in Switzerland 24 9. Subscription/Registration form 25 All rights reserved — EY 2014 Mergers & Acquisitions Quarterly Switzerland – Q1 2014 1 DRAFT Introduction Dear Reader We are pleased to present the latest edition of our M&A Quarterly Switzerland. This brochure provides a general overview of the Swiss M&A and European private equity market activity in the first quarter of 2014, as well as an outlook for the remainder of 2014. Following a year of subdued performance, the Swiss M&A market got off to a remarkable start in the first three months of 2014, with a significant increase in deal volume despite a decrease in the number of deals. Looking forward, large transactions are expected more often in the Swiss M&A market as executives’ risk appetite for strategic and transformational deals has increased. The favorable financing conditions prevailing at present will help drive this trend, although continuing economic and geopolitical risks in some areas could disrupt the bright outlook. Our next edition of Mergers & Acquisitions Quarterly Switzerland will be available in July 2014.
    [Show full text]
  • Camunda BPM at Helvetia Insurance
    Camunda BPM at Helvetia Insurance Expanding a central system for customer management through automated processes Up to 60,000 process instances per month and 400 users involved Use of the new DMN standard »Camunda BPM provides us with a lightweight BPMN 2.0 platform which we were able to perfectly integrate into our existing Java EE platform and architecture.« »Camunda ensured competent support ranging from the analysis of our specific needs to the implementation of our first project.« »We are currently building the first application with the new DMN standard contained in Camunda BPM.« Daniel Zigerlig & Andreas Eigenmann Helvetia In over 150 years, Helvetia has grown to be a suc- cessful and international insurance group employing 6,700 people and serving 4.7 million customers. This Swiss company has its headquarters in St. Gallen and its branches in Switzerland, Germany, Italy, Austria, Spain, France and various other countries ensure its global presence. Its business focuses on private customers, small and medium sized enterprises and larger companies. Helvetia’s services include life and non-life insurance, tailored specialty line insurance coverage and reinsurance. The company has a busi- ness volume of CHF 8.24 billion and in the financial year of 2015 its result was CHF 439 million. Since 2013, Helvetia has been using Camunda BPM as an Embedded Engine in more than six Java EE applications productively and with an increasing tendency. The interview was carried out with Daniel Zigerlig (Software Engineer) and Andreas Eigenmann (Enterprise Architect), Helvetia. The problem Problem prior to using Camunda BPM »Previously, no BPM system was being deployed in the Java environment, until mid-2012, when a new project raised new challenges: within the context of digitalisation, a central system for customer manage- ment had to be opened up to further channels.
    [Show full text]