European Insurance News & Views: Swiss votes, positive for Swiss Life

Research evidence excerpt

European Insurance News & Views: Swiss votes, positive for Swiss Life

Global Research

15 June 2026ab

European Insurance News & Views Equities

Europe including UKSwiss votes, positive for Swiss Life

Financial

Nasib Ahmed, FIA

Headline: Swiss votes, positive for Swiss Life Analyst

nasib-za.ahmed@ubs.com

The Swiss voted on a number of initiatives over the weekend, with the outcomes broadly +44-20-7568 8231

positive for Swiss Life's real estate exposure, in our view. We are hosting an expert call at Will Hardcastle, CFA

2pm BST today register here. Analyst

will.hardcastle@ubs.com

+44-20-7567 9763

UBS Summary:

Qian Lu

Analyst

Our real estate colleagues published on the implications from the voting on Swiss Real qian-za.lu@ubs.com

estate in their note today here. The potential population cap of 10 million was rejected, +44-20-7567 4657

however, this may bring other proposals e.g. the Lex Koller (still in discussion) into play.

Chloe Ryan

The Canton of Zurich also voted on 3 housing initiatives, all of which were rejected, but Associate Analyst

there were two counterproposals that were accepted. chloe.ryan@ubs.com

+44-20-7567 3505

On the Zurich Canton, the affordable/social housing proposal was rejected, however, a

counterproposal was accepted which includes the goal of social housing within the

constitution but removes the role of the state as the developer (see here). The second

proposal around tenant protection, which was originally aiming to limit rent increases,

was also rejected with a counter proposal accepted that introduces targeted protection

for tenants, with flexibility at municipalities for this.

Other News Headlines:

Europe: News: BaFin and Eiopa tell insurers lighter rules still mean scrutiny, Eiopa's