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

International Monetary Fund

No 2007/203, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; insurer; FOPI-SO; insurance coverage; insurers-risk management; life insurer; intermediaries vis-à-vis; occupational pension insurance ear; insurers-corporate governance practice; a number of insurer; FOPI-s supervision philosophy; insurance cooperative; monopolisticcantonal insurer; supervision philosophy; licensing insurer; earthquake insurance; Insurance companies; Insurance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Solvency; Financial Sector Assessment Program; Global; market conduct of insurance intermediary; conglomerate supervision; financial market policy; solvency regime; insurance market; Insurance Core Principles; Insurance supervision (search for similar items in EconPapers)
Pages: 20
Date: 2007-06-13
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=21053 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/203

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().