Report of the Chairman of the Board of Directors and of the Director
The year 2022 was marked in February by the outbreak of conflict in Ukraine, which put an end to the post-pandemic economic recovery. The shockwave then spread around the globe, shaking not only peace and a sense of security in Europe, but also the global economy and financial markets. Increasing geopolitical tensions compounded these problems as the year progressed.
compenswiss is a federal institution under public law of the Swiss Confederation based in Geneva. It has legal personality, keeps its own accounts and is registered in the Commercial Register of Geneva. The institution is responsible for managing the compensation funds of the Old-Age and Survivors' Insurance (OASI), the Invalidity Insurance (InvI) and the Loss of Earnings Compensation (LEC) schemes.