English translation of article 9 of the Swiss Insurance Supervision Act

Capital resources

Chapter 2: Taking up insurance activities
Section 2: Requirements
> Art. 8 Minimum capital
< Art. 10 Organisation fund

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 9 of the Swiss Insurance Supervision Act 

Capital resources

1 The insurance company must have sufficient free and unencumbered capital resources to cover its total activities (solvency margin).

2 In determining the solvency margin, the risks to which the insurance company is exposed, the insurance lines, the volume of business, the geographic scope of activity and internationally recognised principles are to be taken into account.

3 The Federal Council shall issue provisions on the eligible capital resources. FINMA shall issue provisions on the calculation and the required level of the solvency margin.