Just Published: "Governance, Risk and Compliance - The Swiss Insurance Industry"

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Switzerland, including:

* An overview of the insurance regulatory framework in Switzerland.
* The latest key changes and changes expected in the Swiss insurance regulatory framework.
* Key regulations and market practices related to different types of insurance product in the country.
* Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Switzerland.
* Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.
* Details of the tax and legal systems in the country.

Full Report Details at
- http://www.fastmr.com/prod/1032814_governance_risk_compliance.aspx?afid=301

Report Highlights

* The Financial Market Supervisory Authority is responsible for governing and regulating the Swiss insurance industry.
* The Insurance Supervision Ordinance 2005 was amended in 2015, and the amendments came into force effective from July 1, 2015.
* FDI of up to 100% is permitted in the Swiss insurance industry.
* Swiss Solvency Test, a risk based solvency standard, similar to Solvency II in the EU, was introduced into the Swiss insurance industry in 2008.
* Non-admitted insurance is not permitted in the Swiss insurance industry, except for marine, aviation and transit insurance.
* Motor, marine, aviation liability and health insurance are the key classes of compulsory insurance in the Swiss insurance industry.

Report Scope

* This report covers details of the insurance regulatory framework in Switzerland.
* The report contains details of rules and regulations governing insurance products and insurance entities.
* The report lists and analyzes key trends and developments pertaining to the Swiss insurance regulatory framework.
* The report analyzes rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
* The report provides details of taxation imposed on insurance products and companies.

Reasons to Get this Report

* Gain insights into the insurance regulatory framework in Switzerland
* Track latest regulatory changes and expected changes impacting the Swiss insurance industry
* Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country
* Understand key regulations and market practices relating to various types of insurance product

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