New transparency requirements in the Swiss insurance market
Challenges and opportunities of the FINMA Circular 2016/xx – disclosure insurers (Public Disclosure)
The report on the financial condition is central to the imminent paradigm shift in the transparency regulations applicable to insurers. This summer, FINMA published its draft Circular 2016/xx - disclosure insurers (Public Disclosure) setting out its requirements as to precisely what must be disclosed and in what form.
Find out more about the key changes proposed in the draft FINMA circular and the related challenges and opportunities.
This publication is part of our series on this year's changes to the regulations for insurance companies in Switzerland.
The latest issue discusses the FINMA Circular 2016/xx disclosure insurers (Public Disclosure) and the related report on the financial condition, which is currently scheduled to come into force for financial year 2016.
It discusses in greater depth such questions as:
- Who is affected by the new regulations?
- What information must be published?
- What challenges do insurers face?
- Is the Swiss health insurance market ready for the new regulations?