Vaudoise to distribute CHF 40 million of profits to its policyholders

7 May 2021


In line with its mutualist strategy, ICMIF member Vaudoise Assurances (Switzerland) pays out part of its profits in the form of rebates to its policyholders. Based on its positive financial results in 2020, the company announced a profit sharing of CHF 40 million with non-life policyholders, corresponding to a 20% premium rebate for liability and property policyholders in 2021-2022.

By 30 June 2022, Vaudoise will have redistributed a total of nearly CHF 300 million to policyholders. It has been redistributing non-life surpluses to its policyholders in the form of premium retrocession since 2011, alternating between motor and property/casualty insurance policyholders.

Vaudoise Assurances is the only independent private insurance company with a decision-making centre in French-speaking Switzerland. It is one of the ten largest private insurers in the Swiss market. Founded in 1895, it has recognised expertise in all areas of insurance and pension provision. True to its mutualist origins, it pays out part of its profits in the form of premium rebates to its policyholders.

Despite a year influenced by the COVID-19 pandemic, Vaudoise had a very good year in 2020, mainly due to growth in virtually all lines of insurance and a controlled claims experience.

“In 2020, a year of turbulent conditions, Vaudoise benefited from the foundations that have made it successful for 125 years: a long-term strategic vision inspired by its cooperative identity, operational management in line with its positioning and financial strength in line with its strategy. Having been named Best Employer for the second time by Bilan Magazine, the company has also been able to count on the unfailing commitment of its 1,600 employees to serve its clients despite the challenge of teleworking and reinventing human relations,” comments CEO Jean-Daniel Laffely.

Vaudoise again named a Best Employer for 2021

Following the publication of its 2020 results, Vaudoise announced that it has again been named the Best Employer for 2021 in the “Insurance” category by Bilan Magazine. It has been on the podium of Best Employer for five consecutive years and is also ranked third best employer in all categories.

As a company with mutualist roots, Vaudoise is very pleased to be one of the most attractive employers in Switzerland. Among its many commitments, as detailed in the 2020 annual report, Vaudoise is committed to providing a stimulating working environment where everyone can benefit from internal and external training as well as internal mobility.

Vaudoise has renewed its Equal-Salary certificate for 2020, guaranteeing equal treatment for its employees. According to the Qualintra survey (2020), 95% of employees are satisfied to very satisfied with working at Vaudoise.

In addition, Vaudoise is proud to point out that its employees have unanimously welcomed (98% satisfaction rate at the beginning of 2021) the exceptional measures taken to inform and support them since the beginning of the pandemic.

Sustainability strategy takes shape

Coinciding with its 125th anniversary, HR policy will be at the heart of Vaudoise’s reflections on its various commitments to develop its own sustainability strategy with a view to publish its first sustainability report (for the financial year 2021) in 2022.

With mutuality at its centre, Vaudoise’s sustainability strategy is divided into four main areas that summarise its mission as an insurer and its interactions with its environment: committed insurer; motivating employer; corporate citizen; and responsible investor.

In 2019, Vaudoise signed the United Nations Principles for Responsible Investment (PRI) and in 2020, the principles of sustainable investment management were already applied to around 80% of its financial investments.

Outlook for 2021

In line with its omnichannel distribution strategy, Vaudoise will further enhance the digital experience for its customers and explore promising developments in new partnerships in non-life insurance, pensions and mortgages.

It will also continue to pursue its investment strategy and further increase the proportion of sustainable investments.

The excellent equity position allows Vaudoise to pursue investment opportunities based on innovative business models.


For member-only strategic content on the cooperative/mutual insurance sector, ICMIF members have exclusive access to a range of online resources through the ICMIF Knowledge Hub.

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