Amended rules on insurance supervision

Author

Alexandra Bösch

Alexandra Bösch

Markus DÖRIG

Markus DÖRIG

Introduction

Amended rules on insurance supervision. The revised Insurance Supervisory Law has been in effect since January 1 2006. The need for further revision has been revealed through lessons learned from the global economic and financial crisis and the introduction of risk-based solvency measuring methods including:

l the Swiss Solvency Test;

l the European Insurance and Occupational Pensions Authority’s 2011 equivalence test; and

l the Financial Sector Assessment Programme of the International Monetary Fund’s 2013 analysis.

 


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