Insurance and reinsurance laws are in the focus of European legislators and regulators. The good old times with an extremely insurer friendly legislation, a relatively closed Swiss market and a very traditional regulatory approach are long gone. New laws and regulations, including the Swiss Solvency Test, were introduced or are on the horizon. They will bring along numerous changes significantly affecting the regulatory framework for insurance and reinsurance carriers and, in particular for brokers. Given the changes to the regulatory framework, we hope that this brochure gives a useful overview over the current regulatory framework. Such overview is indispensable also to recognize the changes and opportunities which will ensure that Switzerland also in the years to come remains one of the most important places for insurance and reinsurance business in the world. This brochure is a joint venture by those attorneys at Baker McKenzie who regularly advise in insurance and reinsurance matters.
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