Megatrend financial centre – Opinion paper on insurance industry

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Revision of insurance supervision legislation: overview of key factors

Current insurance supervision rules date back to 2005. Countless new regulations have since been created worldwide, which is why Switzerland must adapt its regulations to meet international standards. A key aspect of the revision is the adaptation of Swiss standards to the requirements of the EU’s Solvency II guidelines that take effect in 2016. The revision’s aim is to ensure that Swiss insurance companies have the same opportunities as their European competitors. The new regulations are to be introduced in Switzerland with effect from 1 July 2015. The Swiss Financial Market Supervisory Authority (FINMA) will determine the implementation dates of their individual aspects. The key changes affect the following points:


Read more in our opinion paper.

Please find additional information in the article published in the Handelszeitung with Morgan Shaeffer.

If you have any further questions please contact:

Stephen O’Hearn
Global Insurance Leader
Tel. +41 58 792 20 11

Thomas Hull
Partner, Leader Actuarial Services
Tel. +41 58 792 25 10

Morgan Schaeffer
Director, Actuarial Services
Tel. +41 58 792 24 27

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Thomas Hull
Birchstrasse 160
8050 Zurich
+41 58 792 2510

Thomas Hull is the leader of actuarial services at PwC and has over 25 years of experience in the insurance industry with an emphasis on Product Development, Model Validation, and Solvency II/SST