European Parliament Library

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

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
Table Of Contents
Cover; Contents; Acronyms; Executive Summary; I. Background; II. Market Structure and Industry Performance; A. Market Structure; Tables; 1. Balance Sheet of Top Four Direct Insurance Groups by Region, 2005; B. Industry Performance; III. Institutional Framework and Arrangements; IV. Implementation of IAIS Insurance Core Principles; A. Conditions for Effective Insurance Supervision; B. The Supervisory System; C. The Supervised Entities; D. Ongoing Supervision; E. Prudential Requirements; F. Markets and Consumers; G. Anti-Money Laundering, Combating the Financing of Terrorism (AML/CFT)
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (21 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780145276195

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