Insurance Oversight Act (IOA)

In September 2016, the Federal Council instructed the FDF to prepare a revision of the Insurance Supervision Act (IOA) in collaboration with other authorities and the insurance industry. A legal basis should also be established which, in the event of insolvency, allows an insurance company to be restructured rather than left to go bankrupt. Furthermore, a client categorisation and associated facilitation by the supervisory authorities is to be introduced. In addition to other points for revision, the provisions on group supervision and insurance distribution should also be revised.

The consultation on the partial revision of the VAG ended in February 2019. On 21 October 2020, the Federal Council adopted the dispatch.

Further information

Contact

State Secretariat for International Finance SIF

Legal Services
Bundesgasse 3
3003 Bern
Tel.: +41 58 480 09 62

rechtsdienst@sif.admin.ch

Print contact

https://www.sif.admin.ch/content/sif/en/home/finanzmarktpolitik/finanzmarktregulierung-und--aufsicht-/regulierungsprojekte/versicherungsaufsichtsgesetz-vag.html