Historically low interest rates, volatile equities markets and regulatory demands mean both risks and opportunities for insurers.
Regulatory demands mean both risks and opportunities for insurers.
Insurers are currently focusing on digitization and the specific new requirements this means for them as companies, as well as on improving their operating efficiency and developing products that are both innovative and attractive.
They are optimizing their sales and service processes and seeking growth in flatlining markets. FINMA, the Swiss supervisory authority, and its foreign counterparts are constantly imposing new conditions. Insurers are being forced to meet more stringent solvency requirements such as the Swiss Solvency Test and Solvency II.
Finally, the accounting standard setters are issuing new reporting regulations on an ongoing basis, with IFRS 4 Phase II and IFRS 9 posing a challenge to insurers.
KPMG’s multidisciplinary team boasts specific knowledge of the sector and helps insurers to ready themselves for the requirements to come.
Our specialists can advise you on:
And provide the following services:
Setting up an insurance operation in Switzerland (PDF)
KPMG Insurance Advisory Services (PDF)
Interne Revision: Sourcing bei Krankenversicherern (PDF, in German)
Public disclosure (PDF)