Interkantonaler Rückversicherungsverband (IRV), Switzerland
Interkantonaler Rückversicherungsverband (IRV)
The Inter-Cantonal Reinsurance Association (IRV for the German "Interkantonale Rückversicherungsverband") provides the cantonal insurance entities (KVG for the 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
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.
The Inter-cantonal Reinsurance Association ( IRV ) concludes the year 2017 with an underwriting surplus of CHF 40.8 million.