As an independent supervisory authority, FINMA protects the clients of fnancial markets, namely creditors, investors and insured persons, thereby strengthening confdence in the smooth functioning, competitiveness and integrity of Switzerland’s fnancial centre.
Insurance intermediaries subject to federal supervision
Under the revised Insurance Supervision Law (ISL), insurance intermediaries are subject to federal supervision. The creation of a centralised register is a key feature of the new regulation, as well as more stringent information requirements on the part of insurance companies. For not-tied insurance intermediaries (brokers), entry in the register is mandatory, applying to both legal entities and natural persons. All other insurance intermediaries (client advisors working for insurance companies) have the right to appear in the register.
The Federal Council brought the totally revised Insurance Supervision Law on 1.1.2006 into force. See art. 40 and onwards.
ISA l created 8.12.2005 l filesize 547 Kb l Typ pdf
New Insurance Supervision Decree (available German, French and Italian)
The corresponding decree was also brought into force by the Federal Council on 1.1.2006.
ISL l created 8.12.2005 l filesize 643 Kb l Typ pdf
Ordinance FINMA (available German, French and Italian)
Ordinance FINMA | created am 8.12.2005 | filesize 469 Kb | Typ pdf