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      KPMG's Center for Insurance Regulation provides in-depth information of the current regulatory framework as well as on regulatory developments and challenges. As ambitious thought leaders, we publish a wide range of studies and factsheets.

      We are convinced that insurance regulation can only be dealt with meaningfully by a multi-disciplinary approach. This is why we have bundled critical functions such as Legal, Regulatory, Compliance, Risk, Actuarial, Audit, Tax, and Sustainability.

      Our experts share relevant insights as well as independent and fresh perspectives with non-life and life insurance companies, health and accident insurers, reinsurers, captives, and brokers to develop innovative and proactive solution approaches.

      You can rely on our long-standing industry and consulting expertise.

      Alexander Lacher
      Alexander Lacher

      Partner, Financial Services, Head Insurance Advisory

      KPMG Switzerland

      Current topics and developments

      Revision of the Swiss Insurance Supervision Act

      The Swiss Federal Council enacted the revised Insurance Supervision Act and the revised Insurance Supervision Ordinance as of 1 January 2024. 

      The revised insurance supervisory law anchors a customer protection-based supervisory concept, profoundly changes the insurance intermediation regulation, creates a new reorganization regime, and provides clarifications concerning solvency and tied assets.

      Other changes are a formal restructuring of the current regulation between the different levels of legislation (ISO, ISO-FINMA and FINMA circulars).

      It is important to note that the revised insurance supervision law provides for transitional periods in various areas. This offers insurance companies the opportunity to adapt to the new requirements and adjust their business models accordingly. 

      Given the importance, complexity and depth of the key changes, KPMG recommends insurers swift action.

      Intermediary supervision

      One of the main aims of the partial revision of the Insurance Supervision Act (ISA) is to strengthen consumer protection.

      To this end, the legislator is introducing extensive licensing and conduct rules for insurance intermediaries. This significant tightening of supervision is a challenge for the insurance industry.

      Read more about this in our scientific study in collaboration with the University of St.Gallen, as well as opinions of industry experts in our KPMG Insurance Insights.

      Further details and assistance on intermediary supervision can be found in our fact sheets.

      Berne Financial Services Agreement

      The UK and Switzerland have negotiated a mutual recognition agreement (MRA) (UK publication/ Swiss publication). This agreement promises unprecedented market access for wholesale insurers and intermediaries. Explore the transformative potential of reduced regulatory hurdles and discover the key beneficiaries of this landmark agreement.

      ESG

      In Europe, insurers have been implementing binding sustainability standards for some time. Swiss insurers face a similar regulatory challenge, with many requirements still to be defined. We aim to provide guidance, highlight specific areas to address and offer support.

      Limited Qualified Investor Fund (L-QIF)

      The launch of the Limited Qualified Investor Fund (L-QIF) in Switzerland marks a significant development in the investment landscape, offering qualified investors a flexible, time- and cost-efficient investment vehicle. In our factsheet, we outline the key features, legal forms, and fundamental structure of this innovative investment instrument.

      Regulatory Outlook

      • ICS
      • Money laundering
      • DORA

      Our range of services

      • Licensing/establishment of a Swiss or Liechtenstein location
        Are you planning to establish a new insurance company, a subsidiary or branch in Switzerland or the Principality of Liechtenstein? KPMG's Center for Insurance Regulation can guide you through the process of setting up your business in Switzerland or the Principality of Liechtenstein, be it licensing, regulatory or technical issues.
      • Impact and readiness checks
        Are you uncertain about the extent to which your organization will be affected by a new regulation coming into force? Do you want to assess the readiness of your organization for such changes? We provide independent impact and gap assessments to enable a targeted implementation.

      • Post-implementation checks
        Have you recently implemented a new regulation and wish to ensure that your compliance management is up to date? We will review your documentation and point out possible gaps and potential compliance risks.

      • Regulatory project management
        We can develop, support and manage regulatory projects to ensure tailor-made compliance. 
      Our services for insurers and current regulatory issues

      Our services for insurers and current regulatory issues

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      Contact our experts for more information

      New regulations significantly impact daily operations in various sectors of your company. It's crucial to closely monitor the legal and regulatory landscape.

      Alexander Lacher
      Alexander Lacher

      Partner, Financial Services, Head Insurance Advisory

      KPMG Switzerland

      Thomas Schneider
      Thomas Schneider

      Partner, Sector Head Insurance

      KPMG Switzerland

      Sébastien Loesch
      Sébastien Loesch

      Partner, Life Actuarial & Insurance Risk

      KPMG Switzerland

      William Southwell
      William Southwell

      Partner, Head of Actuarial and Insurance Risk

      KPMG Switzerland

      Oliver Windhör
      Oliver Windhör

      Partner, Financial Services

      KPMG Switzerland

      Thomas Brotzer
      Thomas Brotzer

      Partner, Head Financial Services Tax Switzerland, Global Head Insurance Tax

      KPMG Switzerland

      Lars Klossack
      Lars Klossack

      Partner Audit, Location Leader

      KPMG Switzerland

      Corina Wipfler
      Corina Wipfler

      Partner, Financial Services & Sustainability Services

      KPMG Switzerland

      Bob Dillen
      Bob Dillen

      Partner, Head of Forensic

      KPMG Switzerland

      Yves Bohren
      Yves Bohren

      Partner, Cyber & Digital Risk

      KPMG Switzerland

      Financial services

      We support you in achieving your business goals through leading expertise and technologies in financial services.
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