Switzerland provides for an attractive environment for insurance and reinsurance undertakings. Many of the global key players are based in Switzerland.

In its decision of 16 June 2017 the Swiss Federal Supreme Court held that the obligation to account for and pass on retrocessions to the client under the law on mandates...

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Reinsurance practice often involves international contractual relations. Issues that regularly arise in reinsurance litigation relate to the place of jurisdiction and the applicable law.

The Swiss legal framework for private insurance is based on the following laws and regulations:

The revised Swiss insurance supervision laws will enter into effect on 1 January 2024.

In August 2016, the Bermuda Monetary Authority (BMA) issued the Insurance Manager Code of Conduct requiring insurance managers to follow a set of procedures when carrying out their functions.

The Swiss legal framework for private insurance is based in particular on the laws and regulations set out below.

Insurance Comparative Guide for the jurisdiction of Switzerland, check out our comparative guides section to compare across multiple countries

The Swiss legal framework for private insurance is based in particular on the laws and regulations set out below.

The Federal Insurance Contract Act (ICA) and, subsidiarily, the Swiss Code of Obligations (CO), govern the contractual relationship between insurance undertaking, policyholder and insured (Article 100 paragraph 1 ICA).