Interkantonaler Rückversicherungsverband (IRV), Switzerland
Interkantonaler Rückversicherungsverband (IRV)
The Intercantonal Reinsurance Association (IRV in German: "Interkantonale Rückversicherungsverband") provides the Public Insurance Companies for Real Estate (KVG in German: "Kantonalen Gebäudeversicherungen") with reinsurance services in the areas of fire and natural disasters.
The reinsurance of the IRV covers the major risks to which KGVs are exposed and compensates for fluctuations in long-term damage patterns. Thanks to the IRV, the KGVs can optimize their claims settlement. This unique system of solidarity ensures effective risk compensation among participants.
Switzerland News and Events
News and Events
Positive business and financial result
The profit before profit sharing of the Intercantonal Reinsurance Association (IRV) for the financial year 2019 in the amount of CHF 136.5M is evidence of a very pleasing course of business. The IRV was able to benefit from an extremely favorable environment for both reinsurance and financial investments.
October 21, 2019. We are pleased to present the fruit of an unprecedented experience of editorial collaboration between three knowledge and prevention of natural hazards dedicated institutions, each in its country: three collaborative monographs on our Institutions.
Switzerland now has a nationwide map of surface runoff and thus an additional important instrument for flood prevention. Because this danger causes up to 50 percent of the damage caused by flooding. The card was jointly developed by public and private hands. Switzerland is thus better prepared for the consequences of global warming with more intense and frequent heavy rainfall
Prevention, intervention and insurance form a uniquely strong protection system. The VKG supports its members in their cantonal core tasks in a forward-looking and effective manner.