FINMA uses a variety of supervisory tools to ensure that insurance companies comply with the relevant laws, ordinances and circulars and continue to meet their licensing requirements at all times.
Under its insurance supervision remit, FINMA uses all the tools which are similarly deployed across all branches of the financial services sector. These include audits, on-site supervisory reviews, money laundering audits and supervisory colleges.
FINMA also uses the tools below in its insurance supervisory activities. These tools are deployed in a standard manner across all branches of the insurance sector.
There are also some sector-specific tools