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.
Comments