Liechtenstein in brief:
Nucleus Life is subject to the art. 59a of the Liechtenstein Insurance Supervision Act which stipulates that policyholder assets constitute a separate bankruptcy estate in accordance with art. 45 of the Bankruptcy Code of Liechtenstein. This means that in event of bankruptcy of an Insurance Company, policyholder assets are kept separate from shareholders (and other) assets, and may not be seized by its creditors.
At the end of 2015, 21 life insurance companies, 17 non-life insurance companies, and three reinsurance companies operated in Liechtenstein. 11 undertakings operated as captives, eight of which as direct insurers and three as reinsurers.
Premium income in 2015 amounted to CHF 3.3 billion: life insurers generated CHF 2.3 billion, non-life insurers CHF 1.0 billion, and reinsurers CHF 47 million. The balance sheet total as at the end of 2015 amounted to CHF 27.8 billion.