Implementing Reform of Swiss Insurance Supervision Laws

Untied insurance intermediaries will be subject to prudential supervision by FINMA and, as regards existing untied intermediaries, they must submit top-up documentation by 30 June 2024 at
the latest.
2.
The revised insurance intermediary regulation will prohibit a dual business model as insurance broker and agent by the same legal entity, which leads to a reorganization of the affected intermediaries.
3.
The revised regulation will allow an insurer to expand to “related” activities without FINMA approval, provided there is functional connection to the insurance business and the activity is narrow in scope.
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