IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2025-299.html

Switzerland: Financial Sector Assessment Program-Technical Note on Insurance Regulation and Supervision

Author

Listed:
  • International Monetary Fund

Abstract

This Technical Note provides an update on the Swiss insurance sector and an analysis of several aspects of the regulatory and supervisory system. The note covers private insurers supervised by the Swiss Financial Market Supervisory Authority (FINMA). The Swiss regulatory framework for insurers is generally robust, although extensive reliance on external auditors and hurdles to enforcement limit the effectiveness of the supervision. The Swiss solvency supervisory framework has been continuously improved over the last ten years. Recent reforms strengthen the Swiss Solvency Test, supported by the qualitative supervision, such as risk management and internal controls requirements. FINMA should develop resolution plans and apply resolution planning to identified insurance groups. FINMA can decide to withdraw the suspensive effect on its decision, at which point the concerned party must justify on what grounds the immediate execution of FINMA’s decision would be prejudicial. FINMA should further be empowered to impose fines and administrative penalties.

Suggested Citation

  • International Monetary Fund, 2025. "Switzerland: Financial Sector Assessment Program-Technical Note on Insurance Regulation and Supervision," IMF Staff Country Reports 2025/299, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/299
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=571814
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2025/299. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.