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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.
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