Regulatory Alerts2024-06-26
FINMA Circular 2010/3 Health Insurance under the Insurance Contract Act (VVG)
The Swiss Financial Market Supervisory Authority (FINMA) issues this circular to regulate technical requirements for tariff calculation, risk assessment, and premium structures in private health insurance and supplementary coverage. It mandates that insurers capture all material risks, prevent anti-selection through differentiated tariff classes, and strictly limit technically unjustified discounts to ensure fair treatment and solvency. The document also establishes specific rules for collective daily indemnity insurance and outlines transitional provisions for compliance with updated regulatory standards.
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