English translation of article 16 of the Swiss Insurance Supervision Act

Technical reserves 

Chapter 3: Conduct of insurance activities
Section 1: Financial resources
> Art. 15 Additional requirements for foreign insurance companies
< Art. 17 Tied assets

This page contains an English translation of the below Article of the Swiss Insurance Supervision Act (ISA) and is part of a web based Swiss ISA commentary in German language. Should you require qualified written legal advice on the ISA from a Swiss lawyer please do not hesitate to contact: Melissa Gautschi

Article 16 of the Swiss Insurance Supervision Act 

Technical reserves 

1 The insurance company is required to establish sufficient technical reserves for its entire business activities.

2 The Federal Council shall define the principles for determining the technical reserves. It may delegate the regulation of the details regarding nature and scope of the technical reserves to FINMA.