## Switzerland: Financial Sector Assessment Program: Factual Update: Insurance Sector Market and Regulatory Developments

_IMF Staff Country Reports, June 13, 2007_

## Source details

**Canonical URL:** [Switzerland: Financial Sector Assessment Program: Factual Update: Insurance Sector Market and Regulatory Developments](https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-financial-sector-assessment-program-factual-update-insurance-sector-market-and-21053)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/switzerland-financial-sector-assessment-program-factual-update-insurance-sector-market-and-21053/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/switzerland-financial-sector-assessment-program-factual-update-insurance-sector-market-and-21053/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/switzerland-financial-sector-assessment-program-factual-update-insurance-sector-market-and-21053/bundle-manifest.json)

## Bibliographic details
- Published: June 13, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807387.002

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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.

### Regulatory reforms and supervisory scope
- Regulatory reforms since 2003 aimed to align Switzerland’s regime with international best practices.
- The Insurance Supervision Law (ISL):
  - Reoriented regulatory focus.
  - Expanded scope to include group/conglomerate supervision.
  - Expanded scope to include corporate governance.
  - Expanded scope to include risk management.
  - Expanded scope to include market conduct of insurance intermediaries.
  - Provides a range of corrective and preventive regulatory measures.

### Thematic coverage and subjects
- 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

### Keywords and market elements (as listed)
- a number of insurer
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- conglomerate supervision
- CR
- earthquake insurance
- financial market policy
- Financial Sector Assessment Program
- FOPI-s supervision philosophy
- FOPI-SO
- Global
- Insurance
- Insurance companies
- insurance cooperative
- Insurance Core Principles
- insurance coverage
- insurance market
- Insurance supervision
- insurer
- insurers-corporate governance practice
- insurers-risk management
- intermediaries vis-à-vis
- ISCR
- licensing insurer
- life insurer
- market conduct of insurance intermediary
- monopolisticcantonal insurer
- occupational pension insurance ear
- Solvency
- solvency regime
- supervision philosophy

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07203.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07203.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-financial-sector-assessment-program-factual-update-insurance-sector-market-and-21053_