Technical provisions
Detailed information about the type and scope of provisions for the various insurance sectors can be found in the Insurance Supervision Act, the Insurance Supervision Ordinance and the relevant FINMA circulars:
Life insurance companies
The formation and release of provisions in life insurance are regulated by FINMA Circular 2008/43 "Technical provisions – life insurance".
Non-life insurance companies
The formation and release of provisions in non-life insurance are regulated by FINMA Circular 2008/42 "Technical provisions – non-life insurance".
Supplementary health insurance companies
The formation and release of provisions in supplementary health insurance are regulated by FINMA Circular 2010/3 "Health insurance under ISA". As well as specifying the rules on the formation and release of provisions and permissible financing models, this circular also sets out the method used by FINMA when approving premiums in supplementary health insurance.
Reinsurance companies
The formation and release of provisions are regulated byFINMA Circular 2011/3 "Provisions in reinsurance".
