Comprehensive employee benefits and financial security – these are our topics. The sector, size and life cycle of a company have a direct bearing on the need for employee benefits and security. Much the same applies to people as they move and change through phases and situations in their lives. And it's not just a matter of financial considerations. This is the basis on which we develop products and services.
The new tariff and the adjustment of conversion rates as of 1 January 2020 are continuing to have a positive impact for customers and insured members of Helvetia's employee benefits scheme. In addition to the reduction in cross-subsidization, it will be possible to reduce risk and cost premiums for 2022 by an average of 7.5%. Customers of the semi-autonomous solution are benefiting from the attractive return, while companies with well-developed employee benefits and a healthy age structure are benefiting from the attractive risk surplus in full insurance. Both lead to a higher interest rate on retirement savings.
Parliament has begun consultations on the two reforms of the pension system. The "Further development of Invalidity Insurance (IV)" reform will come into force on 1 January 2022. This reform also affects occupational benefit schemes. Since 1 July 2021, parents can take leave to care for seriously ill or injured children.
Digitalization is focused on efficiency. It saves time, removes the need
for complicated manual operations and cuts costs. With BVGonline,
the digital admin tool for occupational benefits customers, we are
systematically following this path. We are also developing new online
services, for example in connection with the insurance certificate, the
document containing the most important information for insured persons.