Tag Archives: Property

According to reinsurer, Swiss Re, over three quarters of private buildings in Switzerland have no earthquake coverage. Because earthquakes are rare and are quickly forgotten, public risk perception is low. Even Switzerland, with its well developed insurance culture is no exception. Earthquake in Abruzzo Italy – © Walter Graneri | Dreamstime.com Swiss Re describes Switzerland as a country with a medium seismic hazard. The strongest and most destructive earthquake recorded in Switzerland...

24 Heures. After the tragic earthquake in Italy, some are wondering if something similar could happen in Switzerland. Speaking to the newspaper 24 Heures, geologist Raphaël Mayoraz, says “People tend to forget, but our country has already experienced earthquakes of 6 or more.” © Cristian Andriana | Dreamstime.com The Swiss Seismological Service (SED) at ETH Zurich completed ten years of earthquake research in 2015. Their new model shows that earthquakes are a serious hazard for Switzerland...

Investec Switzerland. Source: UBS Risks to the Swiss property market remained elevated in the second quarter of 2016, with rock-bottom interest rates propping up demand for residential assets to be rented out for investment purposes. Still, UBS Group AG’s index experienced a “slight” decrease in the period, according to economists Matthias Holzhey and Claudio Saputelli. That’s because of a slowdown in the pace of mortgage growth and a 0.6 percent decline in home prices on an...