FINMA’s Insurance division licenses and supervises insurance companies domiciled in Switzerland and Swiss branches offoreign insurance companies. FINMA can place insurance groups and conglomerates under its supervision, which complements individual company supervision.
Once licensed, an insurance company is assigned to one of the division's two supervisory sections, depending on its size and complexity. This reflects FINMA's risk-based approach to insurance supervision. In addition, two groups, one within each supervisory section, carry out on-site supervisory reviews and are in charge of intensive supervision.
The Risk Management section (Swiss Solvency Test, tariff audits, actuarial support) and Division Operating Office teams (legal issues, international relations, licensing, operations, administration) support the supervisory sections. The Division Operating Office also manages the register of intermediaries.