Sympany again pays out surpluses in both basic and supplementary insurance

For the second time in a row, Sympany will in the coming days pay out surpluses to customers with basic insurance coverage. This time, persons insured with Sympany in the cantons of Basel-Stadt and Baselland will benefit. For the supplementary insurance, persons with various supplementary hospital insurance policies will receive surplus payments.

Basel, 19 June 2017 – Surpluses arise if the costs of medical treatment are much lower than anticipated when setting premiums. In basic insurance, Sympany pays out surpluses according to the canton of residence, whereas in supplementary insurance, surpluses are paid out according to insurance product. This year, a total of 67% of all persons insured with Sympany will benefit from a surplus payment. The total payout amounts to CHF 9.4 million.

In autumn 2016, Sympany was the first and only Swiss health insurance company to pay out surpluses to persons with basic insurance coverage – at that time in the cantons of Aargau, Fribourg and Schaffhausen. In the 2016 financial year, a surplus was generated in the cantons of Basel-Stadt and Baselland, which Sympany will now pay out in early summer 2017 to its customers with basic insurance coverage resident in these cantons. Customers with supplementary hospita general, semi-private, comfort, private or global policies will get some money back.

CEO Michael Willer said: “We consider ourselves a fair insurance partner for our customers. If the benefit costs are lower than expected in a particular year, we repay this money to our customers in the following year in the form of surpluses. We are very pleased that we can do so for the second time in basic insurance and for the fourth time in a row in supplementary insurance.”

 

Press release: Sympany again pays out surpluses (PDF, 78 KB)