FINMA’s Insurance division authorises and supervises insurance companies, groups and conglomerates in Switzerland.
Once authorised and depending on their size and complexity, insurance companies are assigned to one of the division's two sections. FINMA implements a risk-based approach to insurance supervision. In addition, two groups within each section carry out on-site supervisory reviews and perform intensive supervision.
Where necessary, the sections supervising the insurance companies may require the support of the division's internal risk management specialists (Swiss Solvency Test, tariff audits, actuarial unit) or of the Division Operating Office's teams that handle legal issues, international relations, authorisation, operations and administration.