Switzerland: Financial Sector Assessment Program: Factual Update: Insurance Sector Market and Regulatory Developments
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Summary:
This paper presents a factual update of the Insurance Core Principles including insurance sector market and regulatory developments for Switzerland. Regulatory reforms since 2003 have updated Switzerland’s regulatory and supervisory regime for the insurance industry to bring it in line with international best practices. The Insurance Supervision Law (ISL) has reoriented the regulatory focus and expanded the regulatory scope to include group/conglomerate supervision, corporate governance, risk management, and market conduct of insurance intermediaries. The ISL also provides for a range of corrective and preventive regulatory measures.
Series:
Country Report No. 2007/203
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Financial institutions Financial regulation and supervision Financial Sector Assessment Program Financial sector policy and analysis Insurance Insurance companies Insurance Core Principles Insurance supervision Solvency
English
Publication Date:
June 13, 2007
ISBN/ISSN:
9781451807387/1934-7685
Stock No:
1CHEEA2007008
Pages:
20
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